Fairfield County Business Journal - 032513 by Westfair Business Journal

FAIRFIELD COUNTY

BUSINESS JOURNAL YOUR ONLY SOURCE FOR REGIONAL BUSINESS NEWS | westfaironline.com

March 25, 2013 | VOL. 49, No. 12

FCBJ this week

EXTREME MAKEOVER

REGULATORS AND SAC CAPITAL representatives are declaring victory after reaching settlements totaling more than $615 million … 2

COMPANIES INVEST MILLIONS IN MODERN OFFICE AMENITIES, OPEN LAYOUTS

ANNUAL REVISIONS to the state’s 2012 jobs tally showed ‘modest’ gains, labor officials say … 5 LEGISLATORS SPARRED over the state’s economic development initiatives last week in Stamford … 9 CHARTER COMMUNICATIONS has secured a $2.6 billion investment from the owner of SiriusXM radio … 17

MEDIA PARTNER Renderings of Kayak Software Corp.’s future office space, set to open in August.

BY JENNIFER BISSELL jbissell@westfairinc.com

aving progressed from tech startup to profitable and growing enterprise, Kayak Software Corp. knows it owes many of its successes to its employees. When designing its future Stamford headquarters, that’s why the company spared no expense. The cost of Kayak’s 7 Market St. offices will equate to about $75,000 per employee who is to be stationed at the headquar-

Insurance company to Stamford

ters, said Kayak CEO and co-founder Steve Hafner. “If you have a great work environment, you’re going to get more productive employees,” Hafner said. Company officials say the investment will pay off by allowing Kayak to attract and retain the best and brightest. The design is modern and seeks to compete with innovative office spaces like those in Silicon Valley. Anne Bavier, principal of Bavier Design L.L.C. in Stamford, said the commercial real estate in Fairfield County is becoming more

New CEO for rebuilding bank

international in style and losing its distinctive “Connecticut” feel. “I hate to say it, but it’s getting New York-y,” said Bavier, who has been an architect and interior designer in New York and Fairfield County for 30 years. “The level of design is getting more clean and contemporary.” While Fairfield County used to be marked by classic crown molding, chandeliers and oriental rugs, businesses are now looking to become more international and » Makeover, page 6

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Relief at SAC Capital, SEC over settlement BY PATRICK GALLAGHER pgallagher@westfairinc.com

fter resolving two federal insider trading inquiries that culminated in payments of more than $615 million, SAC Capital Advisors L.P. representatives say the Stamford hedge fund firm can now “move forward with confidence.” The U.S. Securities and Exchange Commission (SEC) announced March 15 that it had reached a $602 million settlement with CR Intrinsic Investors over charges that it participated in an insider trading scheme, and that it had reached a $14 million settlement with Sigma Capital Management over separate insider trading charges. Both sides were quick to declare victory, with SAC Capital spokesman Jonathan Gasthalter saying the settlements are “a substantial step toward resolving all outstanding regulatory matters and (allowing) the firm to move forward with confidence.” Regulators touted the “historic monetary sanctions” against CR Intrinsic, with the $602 million settlement the largest ever in an insider trading case, according to the SEC. Observers, however, were quick to point out that neither CR Intrinsic nor Sigma Capital — both of which are funds affiliated with SAC Capital — admitted guilt as part of the settlements. Moreover, they say, the fines repre-

sent a bump in the road for SAC Capital, with more than $14 billion in assets under management, and founder Steven A. Cohen, a Greenwich resident whose net worth is more than $8 billion. Tim Shearin of Pullman & Comley L.L.C., a law firm with offices in Stamford, Bridgeport, Hartford, Waterbury and White Plains, N.Y., said the SEC and SAC Capital can both take away positives from the settlements. “To most of us, $600 million is an incredible sum of money and signifies a profound and meaningful undertaking by the SEC,” said Shearin, who chairs the firm’s litigation department. “There are those who work in the hedge fund market and know SAC Capital who think it’s an insubstantial amount of money and a blip on the radar screen.” On the flip side, Shearin said, “I think the more important part here is that for years and years — particularly in the wake of the economic crisis of 2007 — people have been clamoring for government regulation of the hedge fund industry. As much as anything, this represents a step in that direction by the SEC — a willingness to tackle something they had not heretofore tackled.” As the settlements were announced, George S. Canellos, acting director of the SEC’s division of enforcement, described them as sharp warnings “that the SEC will hold hedge fund advisory firms and their funds accountable when

SAC Capital Advisors L.P. is headquartered at 72 Cummings Point Road in Stamford.

employees break the law to benefit the firm.” The charges against CR Intrinsic, Mathew Martoma, a former portfolio manager for the firm, and Sidney Gilman, an independent medical consultant, were filed last November. In its claim, the SEC alleged Gilman provided Martoma with nonpublic information relating to an Alzheimer’s drug trial being conducted by Elan Corp. and Wyeth. The SEC also claimed the knowledge allowed CR Intrinsic to avoid $194 million in losses and to instead collect about $82 million in profits. The Sigma Capital settlement came in a case that began about a year ago with charges by the SEC against several hedge fund managers and analysts over trades involving Dell and Nvidia

Corp. Former Sigma Capital analyst Jon Horvath was among those charged, and agreed to a settlement earlier this month in which he admitted liability. While CR Intrinsic and Sigma Capital did not admit or deny the charges as part of the settlements, the SEC said federal prosecutors will continue their case against Martoma, who is being tried in U.S. District Court for the Southern District of New York. “We are happy to put the Elan and Dell matters with the SEC behind us,” Gasthalter said. “We are committed to continuing to maintain a first-rate compliance effort woven into the fabric of the firm.” Gasthalter also reiterated that Cohen has not been charged with any wrongdoing and has not violated any laws.

NEWS IN BRIEF

STATE SOUGHT TO DRAW FREEDOM GROUP

Eight days before the shooting at Sandy Hook Elementary School, the state Department of Economic and Community Development (DECD) offered a low-interest loan to Freedom Group in hopes of drawing its headquarters to Connecticut. The DECD withdrew its offer for a $1 million loan in the days that followed the tragedy, according to the Hartford Courant. Freedom Group, based in Madison, N.C., is a holding company for firearms manufacturing firms, including Bushmaster Firearms International L.L.C., which made the AR-15 rifle used by Adam Lanza in the Newtown shooting. The offer was withdrawn due to the events in Newtown as well as reports that Cerberus Capital Management, the private equity firm that owns Freedom Group, would seek to sell the gunmaker. The offer was uncovered by the

Courant following Information request.

Freedom

SANDY HIT MORE THAN HALF OF SMALL FIRMS

About 52 percent of small businesses in New York, Connecticut and New Jersey lost sales or revenue as a result of Hurricane Sandy, according to a report by The Hartford insurance group. Of the 451 businesses surveyed, 71 percent experienced a power outage and 74 percent had to close their doors for a period of time. Only 11 percent of those surveyed had structural property damage. “Our research shows that loss of connectivity had a big impact on small business owners, which affected their ability to contact customers and keep their businesses open,” said Ray Sprague, a senior vice president at The Hartford, in a statement. “We have found that small businesses who take the steps to prepare and protect the business, such as establishing

2 Week of March 25, 2013 • FairField County Business Journal

emergency communication systems and backing up critical data, tend to be the ones that can prevail after weather emergencies.” One in four businesses had backed up critical data and programs before the storm and 20 percent prepared an emergency kit with flashlights and water before hand, according to the survey. About 151 of the companies that were surveyed are in Fairfield, Middlesex and New Haven counties.

IMMELT WON’T RULE OUT SPINOFF

Speaking March 19 at a conference in Sydney, General Electric Co. CEO Jeff Immelt reportedly said the company would consider spinning off its financial services unit, but that there are no current plans to do so. The reports come a day after GE, based in Fairfield, appointed Jamie Miller, who previously served as the company’s con-

troller and chief accounting officer, as chief information officer. Miller replaces Charlene Begley, who the company said took a leave of absence for personal reasons. Immelt told business leaders that GE always looks at “what are the right capital market alternatives for the company and what makes sense for where we are,” adding, “We sold our media business, right?” Asked whether GE has any specific plans to move or spin off GE Capital, which is based in Stamford, Immelt said there were no plans at present, “But I’d never say never.” “Our challenge is always structure and bureaucracy,” Immelt said. “Every 10 or 15 years in a company like GE you have to kind of be willing to blow it up a little bit internally and start over again.” — Jennifer Bissell and Patrick Gallagher

Compass points to Stamford BY PATRICK GALLAGHER

The commercial property and casualty specialty insurance company, which has offices in the U.S., Europe, China and South America, will move all 100 of its current headquarters staff to Connecticut by the end of 2013. Most of that group will be headed to the company’s future headquarters in Stamford, said R. Scott Eisdorfer, the company’s chief administrative officer, who declined to name the property Navigators had chosen.

pgallagher@westfairinc.com

global insurance provider with more than $1.2 billion in annual revenues is the latest company to agree to move its headquarters to Connecticut from Westchester County in exchange for state incentives. Stamford’s strong contingent of insurance companies and its transportation center were decisive in luring The Navigators Group Inc. from Rye Brook, N.Y., a company official said last week. Navigators is the 10th company to be offered incentives under Connecticut’s “Next Five” job creation initiative and its predecessor, “First Five,” both pioneered by Gov. Dannel P. Malloy and overseen by the state Department of Economic and Community Development (DECD). The programs have provided companies including Bridgewater Associates L.P., Charter Communications Inc., and NBC Sports Group — all of which have already moved to or are in the process of relocating to Stamford — with state incentives in exchange for pledges to create at least 200 new jobs in Connecticut.

Stanley A. Galanski, president and CEO of The Navigators Group Inc., Gov. Dannel P. Malloy and Catherine Smith, commissioner of the Department of Economic and Community Development.

Malloy and DECD officials “made it very clear that Navigators was an attractive, growth-oriented company they wanted to bring to their state, and they succeeded in making a compelling case for us to make the move to Connecticut,” said Navigators president and CEO Stanley A. Galanski in a March 15 statement.

To assist with the move and with related capital expenditures, which Navigators estimates will cost about $25 million, the DECD will provide Navigators with a 10-year, forgivable loan of up to $8 million at no interest, as well as a grant of up to $3.5 million. The incentives are contingent on Navigators meeting its job creation commitments. The move represents a win for Stamford, said Laure Aubuchon, the » Compass, page 14

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FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013

PERSPECTIVES

FAIRFIELD COUNTY

BUSINESS JOURNAL • • • • •

Mixed messages

ov. Dannel P. Malloy supports an increase to the minimum wage. Just not in Connecticut. Malloy is at odds with many of his Democratic colleagues in the Connecticut General Assembly who are pushing to increase the state’s minimum wage from $8.25 to $9.75 an hour by July 2014. Earlier this month, he told reporters that he would prefer to see Congress increase the federal minimum wage — currently at $7.25 an hour — before Connecticut pursues an increase. “I absolutely support the president’s move to raise nationally to $9 and I’m open to discussion about what we should do in Connecticut,” Malloy said, according to reports. “I would prefer it be done on a national basis, but I understand that

Connecticut frequently leads.” We would argue, however, that passing the buck to Congress does not qualify as leadership. Instead, one might look to Malloy’s counterpart in New York, where Democrats control one house of the state Legislature and Republicans control the other. Just last week, Gov. Andrew M. Cuomo struck a deal with legislative leaders in both parties to raise the state’s minimum wage to $9 over three years. Cuomo won the support of Republicans — who are traditionally opposed to minimum wage increases — by promising a package of at least $700 million in tax cuts for businesses and families. New York’s governor has been criti-

cized for his closed-door agreements with top legislative leaders, and rightly so. But it’s tough to argue with the results: After becoming the first state to pass stricter gun regulations in the wake of the Newtown shooting, New York has taken the lead among those states pushing for higher minimum wages. Both Cuomo, age 55, and Malloy, age 57, are lawyers. Both graduated from Jesuit colleges (Fordham and Boston College, respectively). Both are governors from left-leaning northeast states. Only one is being discussed as a presidential candidate. Malloy would do well to follow the lead of his counterpart in Albany, and he could start by taking a stand on the minimum wage issue, rather than straddling the line.

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Or write to: Fairfield County Business Journal 3 Gannett Drive, Suite G7 White Plains, N.Y. 10604-3407 www.westfaironline.com Publisher • Dee DelBello Managing Editor • Bob Rozycki

News

Fairfield County Bureau Chief • Patrick Gallagher Editor, Digital Content • Jessica Mola Reporter / Editor • Bill Fallon Reporters • Jennifer Bissell • John Golden • Andrea Kennedy • Mary Shustack

Advertising Sales

Account Managers • Greg Fernandez • Rick Johnson • Patrice Sullivan • Dan Vierno Publications Manager • Michael Berger Programs and Projects Coordinator • Beverly Visosky

Production

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Audience Development

Director • Alissa Frey Circulation Representative • Marcia Rudy Research Reporter • Elizabeth Beneke Audience Development and Events Coordinator • Holly DeBartolo

A notable omission The Liberty University men’s basketball team qualified for the NCAA men’s basketball tournament after winning its Big South conference tournament, despite recording more losses than wins this past season. While the Liberty University Flames made a quick, first-round exit, they were still the beneficiary of a national stage thanks to their tournament-opening matchup against North Carolina A&T. Should our Huskies be so lucky. The University of Connecticut’s men’s basketball team — winners of the 1999, 2004 and 2011 national championships — will be watching this year’s tournament from home despite finishing the year in the top half of the Big East conference standings and ahead of two teams that were selected for the tournament. Their absence has nothing to do with their performance on the court and everything to do with the academic per-

formance of the students on their men’s basketball squad. Under rules approved in October 2011 by the National Collegiate Athletic Association, teams must meet certain academic standards in order to qualify for postseason play. UConn’s men’s basketball team didn’t. Despite the best efforts of Gov. Dannel P. Malloy and then-head coach Jim Calhoun, the university failed to win its appeal with the NCAA, which had requested that the NCAA take into account more recent data than those factoring into the Huskies’ 2013 ban. Malloy called the NCAA’s decision to not overturn its ruling “absolutely outrageous” at the time it was made last October. On the contrary, the only thing that is outrageous is that UConn is forced to miss out on one of the premier marketing opportunities in all of higher educa-

tion because for years, before the NCAA smartened up, the university’s athletic department neglected the education of its star athletes. To UConn’s credit, it has shown measured improvement since the NCAA rule was approved a year and a half ago. While university and state government leaders eye the next round of capital improvements to raise the school’s profile on a national level, we hope — for the sake of the region’s sports fans and businesses that benefit from a proximity to UConn — that the school will not forget to push for a higher standard from within.

Administration

Events Manager • Kyra Feldman Office Manager • Sylvia Sikoutris Contracted CFO Services: Adornetto & Company L.L.C. Human Resources & Payroll Services: APS PAYROLL

Fairfield County Business Journal (USPS# 5830) is published Weekly, 52 times a year by Westfair Communications, Inc., 3 Gannett Drive, White Plains, NY 10604. Periodicals Postage rates paid at White Plains, NY 10610 and additional offices. POSTMASTER: Send address changes to: Fairfield County Business Journal: Westfair Communications, Inc., 3 Gannett Drive, White Plains, NY 10604. More than 40 percent of the Business Journal is printed on recycled newsprint. © 2013 Westfair Communications Inc. All rights reserved. Reproduction in whole or in part without written permission is prohibited

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4 Week of March 25, 2013 • FairField County Business Journal

Cautious optimism over jobs data BY JENNIFER BISSELL jbissell@westfairinc.com

tate labor officials breathed a small sigh of relief after the most recent jobs report showed Connecticut gained 8,600 jobs in 2012, rather than losing 100 jobs as suggested by initial estimates. The increase puts Connecticut’s job growth more in line with national trends but experts say the state still has a long way to go in its recovery. Less than half of all the jobs lost during the recession have been recovered. “We are not seeing enough growth to supply jobs to sufficiently drive the unemployment rate down,” said Andy Condon, research director for the state Department of Labor (DOL). “Unemployment is still too high for anybody’s acceptance.” Still, Connecticut’s economy is making slow progress. In January, 1,644,440 Connecticut residents were employed. Including 4,700 jobs that were added in January, the state’s employment is

at its highest since the recovery began. Since January 2012, the state has added 7,900 jobs. The unemployment rate for January was estimated at 8.1 percent in Connecticut and 7.9 percent nationally. Every year the state DOL revises its initial employment estimates, known as benchmarking. This process involves a comparison of the DOL’s preliminary employment estimates, which are based off of U.S. Census data, against state unemployment insurance tax records, for which the sample size is greater and considered significantly more accurate. Unemployment at the end of the year was originally estimated at 8.6 percent, but has since been revised to 8.2 percent. Additionally, the unemployment rate was never as high as 9 percent in July or as low as 7.7 percent last spring, as previously reported. Instead, the rate fluctuated between 8.1 percent and 8.6 percent throughout the year. Chris Bruhl, CEO of the Business Council of Fairfield County, said he believes the stagnant unemployment

More or less

rate is an indicator of structural problems within the state government. Economic conditions are improving but he said the unemployment rate hasn’t decreased because the jobs that are open require higher skill sets, which the unemployed don’t have. “Even as economic growth continues and openings are created, these individuals won’t get the job because they don’t have the skills,” Bruhl said. To make further progress, Bruhl said the state would need to continue working on its higher education strategies and workforce retraining. Based on the revised numbers, nearly 121,000 seasonally-adjusted jobs were lost in Connecticut between March 2008 and February 2010. Since then, about 43.4 percent of those, or 52,600 jobs, have been recovered. Previously the number of jobs lost during the recession was estimated at 117,500. Fairfield County continued to lead the state in low-unemployment rates in 2012, despite little change in its labor market. The Stamford-Bridgeport labor

market area unemployment rate was estimated at 8 percent and Danbury’s labor market unemployment rate was estimated at 7.1 percent. Meanwhile, in eastern Connecticut, the WillimanticDanielson labor market area unemployment rate was 10.3 percent. In the Hartford market, where roughly 9,500 jobs were added in 2012, the unemployment rate remains 8.7 percent. Statewide, the leisure and hospitality industry added the most jobs during the year with 3,100 new positions added. Professional and business services added 1,600 jobs and education and health services added 1,500 jobs. Conversely, the largest losses came from the construction industry cutting 2,500 jobs and the information industry losing 2,200 jobs in 2012. In January, the professional and business services sector added 2,900 new jobs, more than any other sector, followed by the hospitality sector with 1,500 new jobs. Education and health services lost 500 jobs during the month and information firms lost 300.

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FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013

Telecommuting works, survey shows BY PATRICK GALLAGHER pgallagher@westfairinc.com

espite moves by Yahoo! Inc. and Best Buy to end policies that allowed employees to work from home, eight in 10 employers say they will maintain some form of telecommuting option, a recent survey shows. Among 120 human resources executives surveyed by Challenger, Gray & Christmas Inc., 80 percent said their companies allow employees some form of flexible working or telecommuting arrangement. Nearly all of those whose companies allow telecommuting said there are no plans to eliminate that benefit, according to the survey. “If a company is having success with its telecommuting program, it is unlikely to pull the plug on it simply because Yahoo did,” said John A. Challenger, CEO of the global outplacement and executive coaching firm. “No two companies are the same, so each must evaluate policies such as telecommuting based on how it will affect its customers, employees and the bottom line.” David Lewis, president and CEO of Norwalk human resources firm

Makeover — » From page 1

Tom Armstrong gives a tour of Tauck’s tiki-themed office space in Norwalk.

less provincial with more open space, natural light and collaborative workstations, Bavier said. Construction on Kayak’s new $3.5 million headquarters, just blocks away from the Stamford Metro-North Railroad station in Building & Land Technology Corp.’s Harbor Point development, began earlier this month.

OperationsInc L.L.C., called Yahoo’s move “a really poor strategic decision for them and other companies that follow suit.” Lewis cited longer commutes and worsening traffic as well as the high cost of living in Fairfield County as just some reasons for allowing employees to have flexible workplace arrangements. “Traffic on I-95 and on the Merritt is a huge barrier” for companies based in Fairfield County, Lewis said. “And if you want to try and staff your organization in the Fairfield County market — especially for individuals who are of a certain salary level who can’t afford to live in this area — then you have to go ahead and be creative.” Slightly more than 8 percent of U.S. workers have commutes of an hour or longer, while just half that — 4.3 percent — work from home, according to data collected by the U.S. Census Bureau for its annual American Community Survey. The average one-way daily commute for U.S. workers is 25.5 minutes, and one in four commuters leaves their county to work, according to the Census data. Additionally, nearly 600,000 Americans have daily commutes of 90 minutes or more, the Census found.

Lewis said there are “huge, huge competitive advantages for businesses in the county to provide flexible work arrangements.” But, he said, “It’s a huge risk if employers don’t do it right.”

When instituting a telecommuting policy, Lewis said companies need to be able to ensure their employees can work without distractions like children, the laundry or meal preparations. “You start off with, ‘What does the employee have as far as a home office setup is concerned? Do they have an

environment that’s conducive to them being productive and to doing work?’” Lewis said. “You don’t allow your employees to come to work with their children, in most cases, or to do their laundry in the workplace, or to start preparing dinner ... so why would you allow them to be in that position at home?” Lewis said companies must first structure work-from-home policies, after which they are responsible for training their managers to manage the remote workforce. He accused Yahoo of failing to do the latter. “The Yahoo decision is more of an indication of failed execution, not of a failed policy,” Lewis said. “This just reeks of them saying, ‘We’re going to end this practice for the wrong reasons, because people aren’t being productive and it doesn’t seem like people are as engaged remotely.’” According to those surveyed by Challenger, increased productivity is one of the leading reasons for allowing employees to work from home. Other reasons included offering workers a better work-life balance, building morale, keeping office costs down, helping offset long commutes and recruiting talent.

“We want to have a fun atmosphere for our employees to work in,” Hafner said. “Our company has a proven track record of growing and we wanted a space that would accommodate growth and attract and retain talent from New York City.” Hafner said technology companies in particular need to create “edgier” spaces to compete for top talent, who are usually in their 20s and 30s and want as many amenities as possible. Kayak’s offices will include a recreation room, massage room, media room, a pool table, an open bar, free food and a locker room. Additionally, the conference room will be framed by the body of an old airplane and the reception desk will be made out of an old airplane engine. Kayak, which is in the process of being acquired by priceline.com Inc. of Norwalk, is slated to move into its new office in August. Jeffrey Newman, executive vice president of Malkin Properties L.L.C., said the typical layout of an office is much different than it was 10 or 20 years ago. There are fewer closed offices and more interi-

ors tailored to meet companies’ specific needs, he said. “People are willing to pay extra if it will lead to more efficiencies and revenue,” Newman said. “It’s a recruitment and retention tool for them.” Malkin Properties owns and manages roughly 2 million square feet of commercial office space in Westchester and Fairfield counties. If an existing space isn’t just what a tenant wants, Newman said the developer tasks an architect on staff and an affiliated construction company to redesign the office at the tenant’s request. But not every company is jumping on the contemporary-design bandwagon. Tauck Inc., a travel tour guide company, prides itself on its unique Tiki-themed office in Norwalk. Perhaps an inspiration to Kayak, Tauck’s offices offer a fun, travel vibe for its employees. “I wanted it to be a fun place for our employees, more homey,” said Peter Tauck, a past co-president who designed the office space. “I wanted to bring some creativity and whimsy into it. We’re known for our element of surprise.”

Designed about 10 years ago, the windows to the conference rooms are shaped like the windows of a large boat, the floor is marked by a compass rose and the office’s main hallway features a bamboo, jungle-themed bridge. Additionally, the company’s floor plan is intentionally centered around the customer call center as a reminder of what’s most important — the customer, Tauck said. The walls are lined with old awards, company slogans, family photos and photos of employees volunteering in the community. The space — described as “Warren Buffet meets Jimmy Buffet” — is a far cry from the modern, contemporary look of corporate America. Tauck said he spent roughly $30,000 to outfit the office and while the company has made some changes to include more gathering spaces, he doesn’t anticipate many more upgrades. The company was ranked as the second best place to work in Connecticut among small and midsize businesses by the Hartford Business Journal in 2012. “It’s creativity, not money that can create the ‘wow,’” Tauck said.

6 Week of March 25, 2013 • FairField County Business Journal

“you sTarT off WiTh, ‘WhaT does The employee have as far as a home office seTup is concerned? do They have an environmenT ThaT’s conducive To Them being producTive and To doing Work?’” — David Lewis

State mulls medical leave insurance options BY JENNIFER BISSELL jbissell@westfairinc.com

or 20 years, new parents, the seriously ill and those caring for a sick family member have been eligible to take unpaid leave without risk of losing their job under the U.S. Family and Medical Leave Act (FMLA). However, experts say most people who are eligible to take advantage of the federal or Connecticut versions of the FMLA aren’t able to do so because they can’t afford to go without a regular source of income. In response, the Connecticut General Assembly could vote later in the legislative session to form a task force that would explore ways to ensure at least partial pay for individuals on leave from work due to illness or the birth of a child. The task force, if approved, would meet for one year and would include individuals from various fields. About eight in 10 people who are qualified for leave under the FMLA don’t take it, according to the state’s Family and Medical Leave Insurance coalition.

“Unpaid leave is having severe costs and consequences to families in Connecticut,” said Jillian Gilchrest, assistant policy director for the Connecticut Association for Human Services (CAHS). About 9 percent of those who take a leave of absence under the FMLA end up on public assistance, and more than 40 percent of bankruptcy declarations by individuals are due to wages lost because of a serious illness, according to CAHS. As the state’s elderly population increases and more middle-aged people look after their parents, Gilchrest urged the legislature to act now to expand the scope of the Connecticut FMLA. “It’s not like this problem is going to go away,” she said. “At this point we really just want to bring as many people to the table as we can to see how we can do this.” The U.S. FMLA, enacted in 1993, applies to companies with 50 or more employees. Under the law, an employee who has worked for at least 12 months at their current job is eligible for 12 weeks of unpaid leave to recover from a serious

illness, care for a new baby, or take care of an ill family member. The Connecticut regulation, signed into law three years earlier, applies to companies with 75 or more employees and allows employees who worked at least 1,000 hours the previous year to take up to 16 weeks of unpaid leave. While Connecticut employers with 75 or more employees are subject to both the state and federal regulations, the Connecticut version includes some worker protections that are not included under the federal version. Employees on FMLA leave can purchase private disability insurance to cover some of their own expenses, but those policies generally would not cover lost wages if a person takes time off from work to care for a sick family member or after the birth of a child. If a task force is authorized, it would likely study family and medical leave insurance plans that extend coverage to caregivers and would also assess who would pay for them, whether it’s an employer, the employee or a combination of both.

Gilchrest said it was unlikely the state would pay for the program, though the federal government has had discussions about establishing a pool of money for states that create medical leave insurance programs. California and New Jersey have family leave insurance programs and New York, Rhode Island and Washington are considering legislation this year. Since 1993, the FMLA has been used 100 million times nationwide. Between 1990 and 2009, roughly 335,000 people in Connecticut took advantage of the state or federal FMLA protections. If employers are required to pay their employees’ wages during a medical leave, it could be very costly for the business, said Daniel L. Schwartz, an attorney with Day Pitney L.L.P. in Stamford. “If 10 percent of your workforce didn’t work for three months each year, that’s a significant additional expense,” Schwartz said. “Plus, you still need to find someone to do the work, whether it’s allocating more work to the existing workforce or hiring temporary employees. That’s a significant increase in labor expenses.”

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FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013

Council honors women innovators

Pictured are eight of the nine women awarded at the ninth annual Women of Innovation awards dinner held by the Connecticut Technology Council. Photo courtesy of CTC.

BY PATRICK GALLAGHER pgallagher@westfairinc.com

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8 Week of March 25, 2013 • FairField County Business Journal

wo Fairfield County entrepreneurs were among nine women honored by the Connecticut Technology Council at its annual Women of Innovation awards dinner. The dinner, held in Southington and now in its ninth year, recognizes Connecticut business women, students and educators in the fields of technology, science and engineering. The event began when some of the state’s biggest manufacturers, pharmaceutical firms and technology developers sought out a forum to recognize and promote women within their companies and within the state, said Matthew Nemerson, president and CEO of the Connecticut Technology Council. “They said, if we’re going to grow, we have to have the most talented people and we want women to know our industries and our businesses, and that they can come here and they’re going to be promoted and they’re going to have power and responsibilities,” Nemerson said prior to the event. Local winners included Cynthia Barnett, founder of Saturday Academy Inc. in Norwalk, who won the community innovation and leadership award. Saturday Academy, a nonprofit scientific and educational enrichment program, was designed by Barnett as a means of sparking an interest among young girls in the science, technology, engineering and math, or STEM, fields. Kate Donahue, president of Hampford Research Inc., won the award for small business innovation and leadership. The specialty chemical manufacturer, based in Stratford, serves companies in the electronics, dental, personal care and industrial adhesives markets. Other winners include: • Lili Armali, a biology teacher at the Academy of Aerospace & Engineering

and the Greater Hartford Academy of Mathematics and Science, and Carolyn Slayman, deputy dean of academic and science affairs at the Yale School of Medicine, shared the award for academic innovation and leadership; • Zhaohui Wang, a graduate student at the University of Connecticut’s School of Engineering, won the award for collegian innovation and leadership; • Meghan Brunaugh, chief marketing officer and co-founder of Combat2Career L.L.C., which is based in West Simsbury, won the award for entrepreneurial innovation and leadership; • Maria Keilich, manager and systems engineer for United Technology Aerospace Systems, won the award for large business innovation and leadership; • Yvonne Will, an associate research fellow for Pfizer Inc., which has facilities in Groton and New London, won the award for research innovation and leadership; and • Shiyu Zhuang, a student at Amity Regional High School, won the award for youth innovation and leadership. The event was sponsored by manufacturer United Technologies, Boehringer Ingelheim USA Corp., a Ridgefield pharmaceutical firm, Covidien, a medical device manufacturer, and Day Pitney L.L.P., a law firm with offices across the state. Nemerson said the innovators who the council hopes to reach out to are particularly savvy when it comes to establishing networks. “We’ve found that one of the really important skills in being an innovator is creating a network — as we say, an ecosystem — that you can plug into and look to to help bring value to your idea,” he said. He added that people working in complex industries such as aerospace and biotechnology, as well as entrepreneurs, “benefit from knowing people who really do know how to create networks ... and I think that’s something a lot of these women excel at.”

Legislators spar over Malloy policies BY JENNIFER BISSELL jbissell@westfairinc.com

tate legislators revealed their ideological differences over Gov. Dannel P. Malloy’s economic policies and the role of government in supporting business at a March 19 breakfast hosted by the Business Council of Fairfield County. While the panelists agreed on the need to assist small firms and the effectiveness of programs like the Small Business Express loan program as a means of creating jobs, the three speakers were split when it came to larger initiatives, such as a proposal to invest $1.5 billion in the University of Connecticut over 10 years and Malloy’s “First Five” and “Next Five” incentive programs. “I believe this needs to be a private resurrection, not a government resurrection,” said state Rep. Larry Cafero, the House Republican leader. “That’s a philosophical difference.” Cafero, whose district includes Norwalk and New Canaan, suggested Malloy has attempted to spend his way out of the recession to create more temporary jobs. The UConn investment, which would provide funding over 10 years to increase the school’s enrollment and the caliber of research and academic programs, is twice as much as what school administrators requested, Cafero said. Likewise, state Sen. John McKinney, the Senate minority leader, questioned why UConn would move its West Hartford campus to Hartford when the state is still paying off the debt from improvements to the existing campus. McKinney represents Easton, Fairfield, Newtown, Weston and Westport. “No analysis has been done by the governor or the legislature as to ‘What does it mean for the annual operating costs to the University of Connecticut?’ (and) ‘What does it mean to our long-term pensions?’” McKinney said. “We need to ask those questions.” In defense of the proposal, state Rep. J. Brendan Sharkey, a Hamden Democrat and speaker of the House of Representatives, said the investment into UConn would support the state’s growing bioscience sector. Sharkey said it would also help UConn to become less dependent on the state government’s support in the future, as the investment would provide additional sources of revenue for the school. Joseph McGee, vice president of policy for the Business Council and moderator of the event, which was held at the Stamford Plaza Conference Center, said the pro-

Legislators debate Gov. Dannel P. Malloy’s economic policies in light of the recent budget proposal.

posed improvements to the Stamford campus would help attract young talent to the area and fill the demand for skilled workers in the fields of risk management and digital media. The panelists agreed that the state’s relationship with small businesses was improving, as evidenced by the state’s loan and grant programs. However, McKinney said the state could do more

to level the playing field when it comes to small and big businesses. He criticized an agreement struck by Malloy to offer $115 million in state grants, forgivable loans and tax credits to Bridgewater Associates L.P. — one of the world’s largest hedge funds — in exchange for the firm pledging to stay in Connecticut while creating additional jobs. Bridgewater Associates, which is currently based in Westport, is building a new, $750 million headquarters in Stamford. McKinney said the deal, made under the “Next Five” job creation program, was an insult to small businesses — especially when small business owners are struggling to make ends meet. “That’s missing the point,” McKinney

said. “Spending hundreds of millions of dollars to move companies from one town in Connecticut to another is not focusing on what we do well. There are times where the deals work. … But the better way is to level the playing field, lower taxes and improve the infrastructure system and let everyone do well.” Sharkey said it would be possible to criticize the specifics of any of the governor’s economic development programs from the past two years, but said it was important to note the progress the state has made in adding jobs, retaining businesses and drawing new businesses and new job-creation commitments. “It’s not going to happen overnight,” he said. “(But) small businesses are finally feeling like the government gets their concerns.”

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FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013

Sacred Heart partners with Irish research center BY JENNIFER BISSELL jbissell@westfairinc.com

uilding on its existing study abroad program in Ireland, Sacred Heart University has announced a partnership with an Irish aquarium to supplement its coastal research and academic programs. For years, faculty and students at Sacred Heart have studied the Long Island Sound, including its contaminants, horseshoe crab migration and rising sea levels. Now, the group will be able to compare the Sound, surrounded by a heavy urban population, with the rural Ireland coast, virtually untouched by humans in comparison. John Rapaglia, a Sacred Heart assistant professor of marine science who is coordinating the new program with the Dingle Oceanworld Aquarium in Dingle, Ireland, said the school will be one of very few universities to have an international center for research. “International collaboration is invaluable,” he said. “It opens up many doors that will likely lead to more research

projects for other professors and students. There is very little reason to not do something like this.” In his own career, Rapaglia has done groundwater and marine science research in Germany and Italy. By partnering with the Dingle aquarium, the

and marine biology experts at the Dingle aquarium, representing the first group to participate in the collaboration. The program will be in addition to Sacred Heart’s 10-year-old Irish and Celtic study abroad program, held at the school’s Dingle campus.

“This is something that is very unusual for a small liberal arts university, to have this kind of research opportunity in an international context. This is a really unique opportunity for our students.” — Gerald Reid

school could make further progress on learning how to better protect fish and shellfish from pollutants and how to harness tides as a source of energy. Sacred Heart, a Catholic university, has more than 6,000 students at its Fairfield campus. In May, a dozen students will begin studying at the aquarium in classes taught by both Sacred Heart professors

10 Week of March 25, 2013 • Fairfield County Business Journal

Gerald Reid, director of Sacred Heart’s Center for Irish Cultural Studies, said the university during the past three years has greatly expanded its programs on the campus and is now expanding its science offerings. “This is something that is very unusual for a small liberal arts university, to have this kind of research opportunity in an international context,” Reid said.

“This is a really unique opportunity for our students. It’s also an opportunity to study abroad and have the benefit of studying abroad in another culture and in another part of the world.” Later, the school hopes to establish student internships at the aquarium and to develop a permanent biological monitoring station in Dingle. Other study abroad programs on the Dingle campus include Irish and Celtic history, culture, language, literature, media studies, business, health professions, music, politics, religion and society. Next year education courses will also be offered. About 90 students enroll in each semester of the study abroad program. “These courses that we operate are all very experiential,” said Reid, also the associate dean of Sacred Heart’s College of Arts and Sciences. “There is an important classroom component but they also have an experiential component. It’s not just learning about biology in the classroom. They will also be out on the field, on the water, on the coastline, learning in a very practical and hands-on way.”

CEO EVOLUTION

BY MARK FAGAN

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With Patrick Gallagher

Embracing a culture of accountability

aving a sound corporate strategy counts for nothing if you don’t have the means — and the people — to implement it. The previous two installments of the CEO Evolution series discussed the importance of developing a growth strategy that incorporates key business drivers, such as revenues, profit, customer growth, inventory turnover and client turnover. A CEO’s top priority should be the development, implementation and monitoring of such a strategy. In order for it to be most effective, obtaining buy-in from your management group is critical. Why? Because you need your management team to be an extension of you. Over the course of implementing a corporate strategy for long-term growth, your entire organization must accept and embrace a higher level of accountability and the pressures that go along with constantly trying to raise the bar. In the old days, obtaining corporate buy-in just meant barking orders, but this is a different generation that responds to a more hands-on, grassroots style of leadership. As a CEO, your management team is closer to the action than you are, and so you want them to be thinking of ways to solve problems as you would. That necessitates that they buy into this concept — the culture of constant accountability and self-improvement. Message: Discuss with your management team the key drivers that you feel are most closely linked to your company’s growth. Establish protocols for monitoring your progress as a company and your employees’ progress as individuals. Compare where the company is now to your competitors, or to the industry standard. You can access data on various industry metrics from sources like IBISWorld Industry Research Reports (ibisworld.com) or Integra Benchmarking by MicroBilt (microbilt.com). Identify areas where the company is strongest and other areas that need improvement. Most importantly, show management and employees what will happen if those key business drivers are improved upon, how profitability and free cash flow will be affected, and how that can lead to rewards such as increased compensation for those who are shown to be contribut-

ing most to the improvements. Consistency: Creating a culture of accountability takes time. It means having weekly and monthly meetings to discuss and act on key business drivers, and reinforcing the company’s goals. Be sure to regularly discuss progress of each key business driver with the management team, taking time to reflect on and reach conclusions over what the data is showing. Communicate to the management team what you, as CEO, are seeing, and what you would like to see done differently (or maintained) going forward. And then follow up on any directives given to management. Consistency means having weekly and monthly meetings to discuss and act on the key business drivers. Some topics — such as sales, gross profit, or profits by location — lend themselves to monthly meetings, whereas others — open leads, for example — need to be discussed on a weekly basis. Keep meeting times, agendas and locations consistent as well, ensure that all of the necessary people are regularly present, start the meetings on time and don’t cancel except in the case of emergencies. Again, this is all about tone at the top and leading by example. Accountability: Developing a culture of accountability starts with and must be maintained by the CEO. If employees see their boss lose steam and discontinue initiatives after a short time, chances are, they will follow suit. The management team and all personnel must understand that reports on the company’s progress will go all the way down to the individual level, and that there will be accountability for success and failure at that level. Goals will be set, and compensation, promotions, and careers paths will be driven by this system. A word of caution: CEOs must be willing to reward the appropriate personnel for successes that increase the company’s profitability. If there is no upside for them, then buy-in is going to be much more difficult. Mark L. Fagan, CPA, is the managing partner of Citrin Cooperman’s Connecticut of�ice. Mark can be reached at mfagan@ citrincooperman.com or 847-4068.

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12 Week of March 25, 2013 • Fairfield County Business Journal

ASK ANDI

BY ANDI GRAY

When things are quiet, focus i had Told my operaTions manager To gear up producTion To maTch sales proJecTions. excepT noW sales are coming in sloWer Than expecTed. i don’T WanT To lose profiTs by keeping operaTions over capaciTy While i WaiT for sales To caTch up. buT iT can be expensive To Turn doWn producTion only To have To gear iT back up laTer. any suggesTions? THOUGHTS OF THE DAY: Ask a series of questions to get a handle on where to focus in operations while things are quiet. Proactively take advantage of the slow time. Protect the margin, so that you don’t dig a deeper hole. Ask sales for an adjusted forecast, by product. Ask them to look through orders and proposals for indicators of which products might be selling, and which might not. Ask if there are any big proposals outstanding that could require production to go from zero to full throttle, with little or no warning. Figure out where to focus until sales rebounds by working your way through a checklist of questions: • What’s the status of customer backorders and continuous needs? What goods are consistently ordered later in the year? If we produce those goods now can we safely and cost effectively store them until they’re needed? • What about equipment and people sitting idle? Can we change the flow of orders through the shop in order to catch up on items that are backlogged? Is it cost effective to retool a machine for short term use? Can we switch people around? • What does inventory on order look like? Can we cancel or delay delivery on goods? Can we sell goods in transit to someone else and divert the inventory before it’s delivered? • Is there inventory that’s about to become obsolete? Should we write it off now? Can we find a way to sell obsolete finished goods at a discount? Should we have a sale of raw inventory? • Do we need additional �inancing for inventory that will sit longer in raw, un�inished or �inished goods? Should we ask finance to term out the inventory credit line, to give us more time to pay down the expense? Will vendors give us more time to pay for inven-

tory that isn’t moving? • Which people need training? Where do we have only one person able to do a job? Who is the trained backup for people who are expected to leave or be promoted this year? • Which people had higher-thannormal error rates last year? Do they need more practice to improve results? Or do they need to be asked to leave the company now that things have slowed down? • What equipment needs repair? Can we take the equipment offline to do overhauls? What about taking aging machines completely out of production? • How about moving up installation of new equipment? What equip-

ment installations will cause the most production disruptions later in the year? What’s our confidence that we’ll need that equipment later in the year? Is it more cost effective to install now and be ready to gear up later, or to wait to see how sales pan out? • What can we do to manage production hours? Why not ask people to take vacations now, while things are slow? Is it time to slow down the work week by five hours, or go from a fiveday to a four-day work week? Is there anyone working overtime who should be cut back to straight time, only? As you work your way through this list of questions, keep your eye on the Cost of Goods Sold Margin for the cur-

rent quarter, as well as estimates for the full year. Get finance to run projections under differing conditions. Anything that can be done to lower the margin now will help to buy the company time to wait out the slow sales. Looking for a good book? Try “The McGraw Hill 36-Hour Course: Operations Management” by Linda Brennan. Andi Gray is president of Strate�y Leaders Inc., strate�yleaders.com, a consulting �irm that specializes in helping entrepreneurial �irms grow. She can be reached at (877) 238-3535 or AskAndi@ Strate�yLeaders.com. Visit AskAndi.com for a library of Ask Andi articles.

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Compass —

Eisdorfer said. “Even more so in our operations service center, because we don’t have anyone in Connecticut currently from our operations service center.” In all, Navigators has pledged to establish more than 200 jobs over five years in Connecticut, with Malloy saying the company would “strengthen Connecticut’s global reputation as a leader in the insurance industry.” Eisdorfer said the company, which is currently based at Reckson Executive Park in Rye Brook, began its search for a new headquarters several years ago with its lease set to expire at the end of 2013. He said the company considered staying in Rye Brook. “Absolutely ... we looked here and we looked in a few other locations and we

» From page 3

city’s director of economic development. “Obviously, anytime a CEO has a decision to make as to where they go, it’s a lot easier to stay where you are,” Aubuchon said. “So it’s a very proactive vote of confidence to the city of Stamford.” Eisdorfer said Navigators is also looking to move its data center to Connecticut and to establish an operations service center in Connecticut, which he said would involve the transfer of current employees to the new sites and the hiring of new employees. “There will be some employees who will be moving from Rye Brook and there’ll certainly be new, fresh hires,”

settled on Stamford, and for the other operations and functions we looked at many cities,” Eisdorfer said. Ultimately, the company will not retain any presence in Rye Brook, he said. “Stamford’s got a lot of insurance companies. We know it well,” Eisdorfer said. “We know a lot of our peer companies and even some of our partners are currently in Stamford, so we feel it’s a very positive environment for us.” Additionally, he said the city’s transportation center, which provides links to New Haven and New York City, would allow Navigators to recruit from far beyond the Stamford area. “That was a very big differentiator — a big factor in our choosing Stamford,” Eisdorfer said.

NJ ﬁrm under investigation A New Jersey compounding pharmacy has halted operations after health officials learned that some sterile compounded products delivered to a Connecticut hospital appeared cloudy and possibly contaminated. Med Prep Consulting Inc. is now at the center of an investigation by the Connecticut departments of Consumer Protection and Public Health, the U.S. Food and Drug Administration and the U.S. Centers for Disease Control and Prevention. The investigation comes less than six months after some medications packaged and marketed by the New England Compounding Center in Framingham, Mass., were found to be the cause of a nationwide fungal meningitis outbreak. State officials have advised any Connecticut acute care hospitals of the potential contamination and have requested that hospitals sequester any medications they obtained from Med Prep while the investigation is underway.

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Jewel Mullen, commissioner of the Department of Public Health, said in a statement that the state is working with hospital officials to ensure that patients who may have received the potentially contaminated products are notified and are closely monitored. The hospital or hospitals in question were not identified. “The Department of Public Health is working closely with the Centers for Disease Control and Prevention on this investigation to determine the potential health effects of the contamination,” said Mullen. The New Jersey State Board of Pharmacy announced March 15 that Med Prep had temporarily halted all pharmacy operations after it issued a voluntary recall of bags of magnesium sulfate intravenous solution.

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14 Week of March 25, 2013 • FairField County Business Journal

•

— Patrick Gallagher

SOCIAL MEDIA TRENDS

BY BRUCE NEWMAN

The importance of social media analytics

ne of the biggest problems with many social media campaigns is their inability to deliver proven results. Although this is a common problem of many forms of advertising, it is particularly noticeable in social media. Since social media campaigns frequently involve significant amounts of time and effort — and cost — being able to track results and determine their effectiveness is critical. And yet, until recently, the analytics were insufficient. Analytics is the collection, measurement and analysis of Internet traffic and data. It is becoming increasingly critical for market research and measuring campaign effectiveness. Several of the commonly used criteria include tracking pages, keywords, amount of time on a page, number of page views and visits per session. There are many criteria that can be used or referenced. Of the many analytics that we evaluate during a campaign, three of the most important, when relevant, are: the number of people we drive to a website, the amount of time a viewer remains on a website, and the number of conversions from that website, meaning the number of visitors who sign up for a membership, newsletter subscription, software download, or other activity. Unfortunately, while highly useful for certain campaigns, these metrics are not applicable to other campaigns. This difference highlights one of the major difficulties of social media analytics: being able to determine what exact metrics are required for a social media campaign. The metric for success in one campaign often differs greatly for another campaign. For example, a campaign to improve customer satisfaction differs greatly from brand marketing — an area in which social media is particularly adept. Nevertheless, analytics are now sufficiently robust that when properly utilized, they can provide at least a fairly accurate assessment of a campaign’s performance. Interestingly, some of these variables are heavily dependent on social interactions. Included in this category are demographics, strength of referrals and recommendations, inbound links, conversation index, search index, memes (the spread of an idea from an individual to a community), sentiment and engagement. If it

NY approves wage hike New York state lawmakers and Gov. Andrew M. Cuomo have reached a tentative agreement that would incrementally increase the minimum wage in New York to $9 an hour by 2016. The minimum wage, currently $7.25 an hour, would increase to $8 an hour next year, $8.75 an hour in 2015 and $9 an hour in 2016. As part of the wage hike agreement, businesses and families would receive $700 million in tax breaks. The agreement is part of negotiations over New York’s 2014 budget, which must be approved by April 1, though lawmakers are hoping to approve a budget before Passover and Easter. The compromise between Cuomo and leaders from both parties comes after the state Assembly approved increasing the minimum wage to $9 an hour, with increases tied to inflation. In the state Senate, the majority coalition composed of Republicans and moderate Democrats had proposed increas-

ing the minimum wage this year, and gradually increasing it over the next three years, though they had not specified by how much. Recently, 400 businesses, including Irvington, N.Y.–based women’s clothing retailer Eileen Fisher Inc. and Costco Wholesale Corp. issued a statement supporting an increase to $9 an hour. The push for a minimum wage increase follows President Barack Obama’s call for Congress to increase the federal minimum wage from $7.25 an hour to $9 an hour. The New York chapter of the National Federation of Independent Business was critical of the proposed increase to the state’s minimum wage, citing a still-weak job market. “This will have a significant negative impact on small business,” said Mike Durant, director of the New York chapter, in a statement.

seems like I am speaking another language, I am. And, there are many additional terms and measurements, too. The chief takeaway from these terms is that the number and sophistication of analytics is rapidly increasing. In fact, many business intelligence companies are struggling with information overload from being able to effectively analyze this plethora of data. The Internet is still the great equalizer. A company of two people can have a bigger online presence than a company of 5,000 employees. To an extent, the same holds true for the value of analytics, the main difference being the size and duration of a social media marketing campaign. There are some metrics for specific pages that are basic to all campaigns, such as the click— Sam Barron through rate for some call to action or the bounce rate on a landing page or home page. Every company or marketer must determine which metrics to use based on their business objectives. Incorporating this into working goals and hypotheses greatly facilitates the  use of the appropriate combination of metrics. This is the crucial element of every social media campaign: setting realistic goals that are mea   surable and relevant. Furthermore,  these measurements and goals must  be determined prior to the execution  of the campaign.  Fortunately, there are a growing  number of companies and products that provide a range of analytics most businesses can use. There are currently over 40 companies offering real-time monitoring services in this rapidly   CANDACE BUSHNELL CAROLYN MILES RITA COSBY MEGHAN CASSERLY expanding marketplace.  CAROLYN   Author of CEO Emmy Winning TV Host Forbes Magazine With products ranging in price fromBest-Selling CANDACE BUSHNELL SaveCAROLYN MILES RITA& COSBY MEGHANCASSERLY CASSERLY CANDACE MILES RITA COSBY MEGHAN Sex & The City BUSHNELL the Children Author “Girl Friday” Best-Selling Author of CEO Emmy Winning TV Host Forbes Magazine Best-Selling Author of CEO Emmy Winning TV Host Forbes Magazine Google Analytics, which is free (and Sex&&The TheCity City Savethe theChildren Children Author “GirlFriday” Friday” Sex Save &&Author “Girl April 18 • Matrix Center • 39 Old Ridgebury Road, Danbury should be included on every website), April18 18••Matrix MatrixCenter 39Old OldRidgebury Ridgebury Road,Danbury Danbury April ••39 Road, Center   5:00 - 8:005:00 p.m. Cocktail Reception following panel discussion to high-end services costing thousands 5:00 8:00 p.m. Cocktail Cocktail Reception following paneldiscussion discussion - -8:00 p.m. Reception following panel CANDACE BUSHNELL CAROLYN MILES RITA COSBY MEGHAN CASSERLY Best-Selling Author of CEO Emmy Winning TV Host Forbes Magazine of dollars per month, the data theyGOLD pro-SPONSOR SILVER SPONSORS GOLDSPONSOR SPONSOR SILVERSPONSORS SPONSORS GOLD Sex & TheSILVER City Save the Children & Author “Girl Friday”     vide will now allow almost every busi April 18 • Matrix Center • 39 Old Ridgebury Road, Danbury ness to develop effective social media CANDACE BUSHNELL CAROLYN MILES   RITA COSBY MEGHAN CASSER  - 8:00 p.m.Author Cocktail Reception following panel discussion  CEO  5:00 Best-Selling of info@danburychamber.com Emmy Winning TV Host Forbes Magazine Register now. Call 203.743.5565 Email www.danburychamber.com campaigns and quickly determine their Register now. Call 203.743.5565 Email info@danburychamber.com ororwww.danburychamber.com GOLD SPONSOR SILVER SPONSORS Sex & The City Save the Children & Author “Girl Friday” Register now. Call 203.743.5565 Email info@danburychamber.com or www.danburychamber.com   effectiveness. April 18 • Matrix Center • 39 Old Ridgebury Road, Danbury  5:00 8:00 p.m. Cocktail Reception following panel discussion Bruce Newman is the president of Register now. Call 203.743.5565 Email info@danburychamber.com or www.danburychamber.com GOLD SPONSOR SILVER SPONSORS wwWebevents.com, a division of The   Productivity Institute L.L.C. in Carmel, N.Y. He is a social media guru and a spe   cialist on webinar creation and promoRegister now. Call 203.743.5565 Email info@danburychamber.com or www.danburychamber.com tion. He can be reached at bnewman@ prodinst.com.

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FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013 15

FAIRFIELD COUNTY

Partners PARTNERS

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40UNDER40 40UNDER40 It’s the premIer BUSINESS-AWARD

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Be part of Fairfield County business history.

Nominate a candidate (perhaps yourself) who fits the Nominate a candidate who dynamic ﬁts the description of young (perhaps (under theyourself) age of 40), description of young (under the age of 40), dynamic industry industry leader who is part of the county’s business growth. leader who is part of the county’s business growth.

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16 Week of March 25, 2013 • Fairfield County Business Journal

Charter Communications gains new investor BY PATRICK GALLAGHER pgallagher@westfairinc.com

Colorado investment group will pay $2.62 billion for a 27 percent stake in Charter Communications Inc., which recently moved its headquarters to Stamford from St. Louis with the help of state incentives. Charter Communications, the country’s fourth-largest cable operator, has pledged to create at least 200 jobs in Connecticut as part of its participation in Gov. Dannel P. Malloy’s “Next Five” economic development program that awards companies for relocating to or expanding within Connecticut. Liberty Media Corp. has agreed to acquire about 26.9 million shares and about 1.1 million warrants in Charter Communications from private equity funds managed by or affiliated with Apollo Management, Oaktree Capital Management and Crestview Partners. Observers say the investment represents a significant vote of confidence in Charter Communications, whose shares have almost tripled in value since late 2009 when the company emerged from bankruptcy protection. The Englewood, Colo., company owns SiriusXM, Atlanta National League Baseball Club Inc. and TruePosition Inc., has interests in Live Nation Entertainment and Barnes & Noble, and has minority equity investments in Time Warner Inc. and Viacom, among other communications and entertainment businesses. Upon closing of the transaction, which is expected to occur in the second quarter of this year, Crestview and Oaktree will hold about 7.4 percent and 2.2 percent, respectively, of Charter’s common shares. Under the agreement, Liberty Media is able to designate up to four directors for appointment to the Charter board, likely replacing four current board members. “Liberty Media and (Chairman) John Malone have a well-proven track record in our industry and in creating shareholder value,” said Tom Rutledge, CEO and president of Charter, in a March 19 statement. “While we have made real progress, we are still in the beginning of our effort to transform Charter, and we welcome the addition of Liberty Media. … All of us at Charter appreciate the contributions of Apollo, Oaktree and Crestview, which put us on a path for sustainable success.” Apollo, Oaktree and Crestview are among four firms that inherited most of

Microsoft co-founder Paul Allen’s stake in Charter Communications under the company’s November 2009 bankruptcy reorganization plan. At the time, Allen had held a 91 percent stake in the company, but that was reduced to a 2 percent stake in the reorganized Charter Communications. Liberty Media Chairman John Malone said in a statement that the firm was “pleased with Charter’s market posi-

tion and growth opportunities.” Added CEO Greg Maffei: “Tom Rutledge and his team have done an impressive job of turning around Charter’s operations and improving its financial position.” Rutledge, who was named CEO of Charter in February 2012, previously served as chief operating officer of competitor Cablevision Systems Corp., which is based on Long Island, N.Y.

“We know what we want to do. And we need cost-effective energy solutions to reach our goals.” Peter E. Doering, CFO & COO, Two Roads Brewing Company

Others may have seen an idle manufacturing facility in Stratford’s old U.S. Baird Building, but Two Roads Brewing Company recognized a chance to revitalize a piece of history – and at the same time, create a state-of-the-art brew house. Yet before one drop of beer could flow, the 1911 brick structure would require a total systems overhaul – and a forward-thinking energy strategy.

Today, Two Roads Brewing is beginning a new era of manufacturing with an energy strategy that makes environmental and economic sense, now and for the future. And that’s just the competitive advantage every Connecticut business needs. Project:

Two Roads Brewing Company

Measures:

Air compressors, high-efficiency refrigeration, refrigerated air dryer, high-efficiency highpressure steam boiler, radiant heating system

The Energy Conscious Blueprint Program was there to assist. Our energy specialists explored various concepts with Two Roads’ management, keying aggressive efficiency targets to whole-building performance. Ultimately, a sophisticated program of advanced manufacturing systems, environmental controls and other energy-saving measures was implemented, supported by a generous incentive from the Energy Efficiency Fund.

Fund Incentive: $241,884 Energy Savings: 182,026 kWh electricity/year 124,627 ccf natural gas/year Cost Savings:

$185,548 annually

Find energy solutions for your business.

Call 877-WISE-USE (877-947-3873)

Or visit EnergizeCT.com

Energize Connecticut helps you save money and use clean energy. It is an initiative of the Energy Efficiency Fund, the Clean Energy Finance and Investment Authority, the State, and your local electric and gas utilities with funding from a charge on customer energy bills.

CADP23FC

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013 17

RANKED BY TOTAL ASSETS

THE LIST

FAIRFIELD COUNTY

LARGEST COMMERCIAL BANKS

Largest Commercial Banks

Ranked by total assets. Rank

Name and address • Number of branches in county Telephone number, area code: 203 (unless otherwise noted) Website

JPMorgan Chase N.A.

Bank of America N.A.

Citibank N.A.

270 Park Ave., New York, NY 10017 • 46 branches (212) 270-6000 • jpmorganchase.com 101 N. Tryon St., Charlotte, NC 28255 • 51 branches (800) 432-1000 • bankofamerica.com 2900 Paradise Road, Las Vegas, NV 89109 • 19 branches (702) 796-4201 • citibank.com

Wells Fargo Bank N.A. 101 N. Philips Ave., Sioux Falls, SD 57104 • 35 branches (605) 575-7332 • wellsfargo.com

TD Bank N.A.

HSBC Bank USA N.A.

RBS Citizens N.A.

Northern Trust

KeyBank N.A.

First Niagara Bank N.A.

2035 Limestone Road, Wilmington, DE 19808 • 20 branches (302) 351-4560 • tdbank.com 1800 Tysons Blvd., McLean, VA 22102 • Nine branches (800) 975-4722 • banking.us.hsbc.com 1 Citizens Plaza, Providence, RI 02903• Three branches (401) 861-0091 • citizensbank.com 50 S. La Salle St., Chicago, IL 60603 • One branch (312) 630-6000 • northerntrust.com 127 Public Square, Cleveland, OH 44114 • One branch (216) 689-5580 • key.com P.O. Box 514, Buffalo, NY 14095 • 15 branches (716) 819-5877 • fnfg.com

First Republic Bank

Webster Bank N.A.

BNY Mellon N.A.

Hudson Valley Bank

Patriot National Bank

Connecticut Community Bank N.A.

Bank of New Canaan*

Darien Rowayton Bank

Bank of Fairfield (A division of the Bank of New Canaan)

The First Bank of Greenwich

111 Pine St., San Francisco, CA 94111 • One branch (415) 392-1400 • firstrepublic.com 145 Bank St., Waterbury 06702 • 24 branches (800) 325-2424 • websteronline.com 500 Grant St., 1 Mellon Center, Pittsburgh, PA 15262 • Two branches (412) 234-5000 • bnymellon.com 1055 Summer St., Stamford, CT 06905 • Five branches (203) 989-0970• hudsonvalleybank.com 900 Bedford St., Stamford 06901 • 11 branches 324-7500 • pnbdirectonline.com 1495 Post Road East, Westport 06880 • Nine branches 319-6260 • ccbankonline.com 208 Elm St., New Canaan 06840 • Three branches 972-3838 • bankofnewcanaan.com 1001 Post Road, Suite 100, Darien 06820 • Two branches 656-3500 • drbankonline.com 2150 Post Road, Fairfield 06824 • Two branches 659-7600 • thebankoffairfield.com 44 E. Putnam Ave., Cos Cob 06807 • Two branches 629-8400 • thefirstbankofgreenwich.com

Wilton Bank

The Community's Bank

Source:

47 Old Ridgefield Road, Wilton 06897 • Two branches 762-2265 • thewiltonbank.com 211 State St., Bridgeport 06604 • Two branches 367-8383 • thecommunitysbank.com

Total assets ($ rounded)

Year-to-date profit (loss)

Return on assets annualized

Return on equity annualized

($ rounded)

Year established Number of employees

1.9 trillion

14 billion

765 thousand

10 million

32.7 billion

1824 203,881

1.5 trillion

12.3 billion

86 thousand

6.9 million

61 billion

1904 174,892

1.3 trillion

11.8 billion

90 thousand

7.7 million

16.3 billion

1812 192,244

1.3 trillion

16.6 billion

1.4 million

13 million

46 billion

1870 227,759

204 billion

775.2 million

40 thousand

2.7 million

1.7 billion

1852 25,490

186.8 billion

-836.2 million

-43 thousand

-4.3 million

1.5 billion

2004 7,145

105 billion

560.4 million

55 thousand

3 million

1.6 billion

2005 15,490

97.1 billion

706.9 million

76 thousand

10 million

273.8 million

1889 13,873

87 billion

887.3 million

1.1 million

9.2 million

787 million

1849 16,439

36.9 billion

210.6 million

60 thousand

4.2 million

344.3 million

1870 5,927

34.4 billion

402.5 million

1.3 million

13.4 million

49.2 million

2010 2,110

20.1 billion

192.7 million

1 million

9.6 million

195.7 million

1870 2,823

16.9 billion

134.8 million

94 thousand

4.8 million

27.4 million

1869 1,761

2.9 billion

28.8 million

1 million

10.2 million

34.8 million

1972 445

618.1 million

46.3 thousand

7 thousand

81 thousand

26.1 million

1994 112

364.1 million

-5.9 million

-1.5 million

-16.6 million

24 million

1998 100

452 million

2.7 million

67 thousand

8 million

2.8 million

2002 66

250.2 million

1.9 million

86 thousand

10.5 million

1.2 million

2006 37

158.3 million

49.7 thousand

36 thousand

3.8 million

2.8 million

2008 16

106.6 million

-29.9 thousand

-34 thousand

-3.8 million

2.7 million

2006 23

76.1 million

-1.7 million

-2.4 million

-19.4 million

7.3 million

1987 19

31.1 million

-509 thousand

-1.5 million

-15.5 million

82.7 thousand

2001 12

Information obtained from BauerFinancial Inc., Coral Gables, Fla. 33114; (800) 388-6686; bauerfinancial.com; data as of September 2012. Compiled from data as reported to federal regulators. Although the financial data obtained from these sources is consistently reliable, its accuracy and comprehensiveness cannot be guaranteed by BauerFinancial Inc. Information for a number of branches is current as of March 2013. and was obtained from the Federal Deposit Insurance Corp. website fdic.gov or from institution websites. * Stamford First Bank is a division of the Bank of New Canaan.

18 Week of March 25, 2013 • Fairfield County Business Journal

Delinquent loans 90 days or more + nonaccruals

SPECIAL REPORT Banking

Patriot National ‘Open for business’ BY PATRICK GALLAGHER pgallagher@westfairinc.com

espite the departure of its chief executive last week, Patriot National Bancorp Inc. has come back from the brink and is now focused on growing profitability and rebuilding its loan portfolio, said Chairman Michael Carrazza. Since Carrazza acquired a controlling stake in the Stamford bank in late 2009, Patriot National has sold tens of millions of dollars in nonperforming loans and other assets, and has consolidated its footprint from 19 branches in southern Connecticut and New York to 11 branches and a loan production office. The bank has also gotten back into the black: After reporting net losses of more than $60 million in income from 2008 through the second quarter of 2011, Patriot National reported net earnings of about $1.6 million from the third quarter of 2011 through the third quarter of 2012. The bank has yet to report earnings for the fourth quarter. “We recapitalized the bank and first re-stabilized it and aggressively instituted our turnaround plan to restore it back to health and profitability,” said Carrazza, whose private equity firm, Solaia Capital Advisors L.L.C., acquired a controlling interest in Patriot National

Patriot National Bank has nine branches in Connecticut, including this one in Fairfield. Photo courtesy of Patriot National.

through a holding company in December 2009. “Now that all of the turnaround work is behind us ... the focus has shifted to getting core earnings profitable and increasing those profit levels,” he said. Kenneth T. Neilson, a Patriot National board member since October 2010, was named president and CEO of the bank effective March 18 with the resignation of Christopher Maher. Neilson is the retired chairman and CEO of Hudson United Bancorp, which he piloted for 23 years. Under his leadership, Hudson United Bank grew from a 15-branch bank with $500 million in assets in 1989 to a franchise with more than 200 branches and $9 billion in assets as of 2006, when it was sold to TD Banknorth. Maher, who had led Patriot National since October 2010, left to take the role of president and chief operating officer of OceanFirst Financial Corp. in Toms River, N.J. The leadership shuff le was announced in late February. Carrazza said Neilson has been “very successful in building out and creating a tremendous amount of franchise value ... that is a huge asset for Patriot to have someone like him.” Whereas Maher had the unenviable task of restructuring the bank, Neilson is now faced with growing a small financial

institution that was hammered by the financial crisis. Patriot National reported losses of $7.1 million, or $1.50 a share, in 2008, followed by losses of $23.9 million, or $5.02 a share, in 2009. In 2010, the year after Carrazza came on as chairman under an agreement with the previous board, Patriot National cut its losses to $15.4 million, or $1.30 a share. The following year, which included the bulk sale of $66.8 million in non-performing assets, Patriot National reported losses of $15.5 million — equating to 40 cents per share. The bank reported small profits in the third and fourth quarters of that year, and in every quarter reported since. Carrazza described the process as “a rescue recapitalization.” “Patriot needed a lot of things when we arrived, and the first thing it needed was stability and an aggressive turnaround plan to recover it from the massive losses it had amassed as a result of the crisis,” he said. He and the revamped board initially “made some very tactical, strategic decisions” to shrink the bank, which has eight fewer branches today than when Carrazza assumed his controlling interest. “We shrunk the bank to get it to a level where we could operate it more

efficiently and profitably,” Carrazza said. “Now that we’ve fixed many of the critical issues, the focus is back onto growth.” In the third quarter of 2012, Patriot National reduced operating expenses by 8.6 percent compared to the previous quarter. Non-performing assets comprised 5.1 percent of the bank’s total assets as of Sept. 30, 2012, up from 2.9 percent as of June 30, 2012, and 4.2 percent as of Sept. 30, 2011. However, the bank attributed the increase to four owner-occupied residential real estate loans that it moved to non-accrual status during the third quarter. That action contributed largely to a $12.6 million increase in the bank’s non-interest-accruing loans. Patriot National’s total loan portfolio increased 8.8 percent to $493 million for the year ending Sept. 30, 2012. Carrazza said the bank will continue to grow its small business portfolio. “When the crisis hit, everybody was internally focused to clean out their own portfolio and was less concerned about portfolio growth,” he said. “Patriot is open for business and we’re very aggressively looking to build our small business loan portfolio.” Under a June 2010 agreement with the Federal Reserve, Patriot National cannot pay dividends or reduce its capital without the approval of the Fed.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013 19

Investors expect healthy equity returns BY JENNIFER BISSELL jbissell@westfairinc.com

nstitutional investors have reasonably strong expectations for 2013, according to a new survey by Commonfund. Investment portfolios are expected to grow an average of 7.6 percent in 2013 and an average 7.4 percent over the next five years, the survey shows. More than 200 investors with a total of $123 billion in assets responded

to the survey, which was compiled by Commonfund, a Wilton investment firm that deals primarily with institutional investors, such as pension funds and endowments. The company manages $25 billion in assets annually through its capital and asset management subsidiaries. “Participants continue to be net positive about 2013, reflecting a sense of stability in the U.S. and abroad,” said Verne Sedlacek, Commonfund CEO, in a state-

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VISION IN COMMUNITY BANKING

ment. “The data shows overall concerns about downside risk have been reduced since last year, although respondents are still very worried about achieving their investment return goals.” Among the institutional investors who were surveyed, the consensus estimate called for the Standard & Poor’s 500 index to increase in value by 7.9 percent in 2013.

“The daTa shoWs overall concerns abouT doWnside risk have been reduced since lasT year, alThough respondenTs are sTill very Worried abouT achieving Their invesTmenT reTurn goals.” — Verne Sedlacek

The spread of expected performance was much wider this year than in the previous year’s survey. About 20 percent of respondents said they expect a return of less than 5 percent from the S&P 500, while 30 percent of respondents said they expect a return of more than 10 percent. The three-year projection for the S&P 500 fell slightly compared to last year’s survey responses. When asked about what tail risks could disrupt investments, respondents

showed a decreased concern about the financial crisis in Europe and an increased concerned about the gridlock in Washington politics. With the survey conducted between Feb. 28 and March 8 — when unsuccessful discussions were at their height over how to avoid the sequestration budget cuts — 38 percent of respondents said Washington gridlock over the U.S. debt was the most significant economic risk, compared to 23 percent in 2012. The European debt crisis, which was seen as the biggest risk last year, sharply declined as a perceived risk. Only 11 percent said it was a leading concern. When it comes to how assets are managed, nearly all investors surveyed, 93 percent, acknowledged market volatility has a concern. The number was virtually the same as last year. However, there was a general decrease in concerns overall. Many respondents were less worried about deflation, portfolio liquidity, portfolio tail risks and portfolio complexity. On average, 10 percent fewer companies reported a concern over each subject. Nine in 10 respondents still worry they won’t meet their investment goals, however. Continuing previous trends, confidence over emerging markets continued with 78 percent of respondents expecting the MSCI Emerging Markets Index to outperform the S&P 500 Index over the next three years. In comparison, only 27 percent of respondents expect commodities, measured by the Dow Jones — UBS Commodities Index, to outperform the S&P 500 Index over the same time period.

Experts bullish on S&P 500 Scott M. Gerard | sgerard@murthalaw.com 177 Broad Street | Stamford | Connecticut 06901

THE COMMUNITY BANKING GROUP Commercial Lending (Asset Based/Real Estate and SBA Loans) Loan Restructuring | Commercial Foreclosure Litigation | Bank Regulatory Work

Strategists from Goldman Sachs Group Inc. and Morgan Stanley expect the S&P 500 Index to increase more than 12 percent this year to at least 1,600. “The 2013 U.S. equity market story is becoming one of improving business activity accompanied by increased CEO confidence,” said David Kostin, Goldman Sachs U.S. equity strategist, in a recent report. “Recent economic data has been strong as employment growth, ISM surveys and retail sales have all posted positive surprises. The sequester has begun and the federal government is still functioning.” Goldman Sachs increased its 2013 benchmark from 1,575 to 1,625. Morgan Stanley raised its estimate from 1,434 to 1,600. — Jennifer Bissell

20 Week of March 25, 2013 • FairField County Business Journal

The Cultural Alliance of Fairfield County – an arts advocate

Arts and culture advocacy is an important part of the work that the Cultural Alliance of Fairfield County undertakes as a regional service organization. Keeping our members and the public informed about important issues that affect the health of the arts and culture sector is one of our top strategic priorities. On April 8 and 9, advocates from all over the country will gather in Washington D.C. for National Arts Advocacy Day, presented by Americans for the Arts. They will be there to learn about national arts policy issues that affect funding and other issues critical to the health of the sector. After hearing from key leaders, these advocates will fan out to meet with their own congressmen and senators to ask for their support. One of the key issues is funding through the National Endowment for the Arts (NEA). The recent sequester calls for a cut in NEA funding by 5 percent or $7.3 million dollars. Advocates will be asking their representatives to support a funding increase for the National Endowment for the Arts to help support our nation’s cultural treasures and the arts in underserved communities. Advocates will also be asking for support of $53 million for the Arts in Education programs within the U.S. Department of Education. These programs support model arts collaborations with schools, teacher professional development and arts programs for at-risk youth. Americans for the Arts also works to ensure that the arts are retained as a core academic subject of learning and to improve national data collection and research in education. Americans for the Arts is also working on several tax issues. The one that applies most directly and exclusively to the arts is a proposal to allow artists to claim a deduction for the full value of certain donated works. Under current law, they may deduct only the cost of materials. There are currently two challenges affecting the international arts community – unreasonable delays by the U.S. Citizenship and Immigration Services on foreign artists obtaining U.S. entry visas and the lack of funding for cultural exchange programs. State and national advocacy is a year-round job. The Cultural Alliance of Fairfield County is here to assist in making issues known and speaking out in diverse forums on behalf of arts and culture organizations and artists. Ryan Odinak Executive Director Cultural Alliance of Fairfield County

The mission of the Cultural Alliance of Fairfield County is to support cultural organizations, artists and creative businesses by providing promotion, services and advocacy. For more information, visit CulturalAllianceFC.org or email infoCulturalAllianceFC.org or call 256-2329. For events lists, visit FCBuzz.org.

FCBUZZ

Arts & Culture of Fairfield County

JAMMING WITH THE REVIVALISTS AT FAIRFIELD THEATRE COMPANY

The Revivalists will be jamming at the Fairfield Theatre Company March 29.

There’s a fine line between a jam band and a band that jams. New Orleans’ The Revivalists fall into the latter category. The band, coming to the Fairfield Theatre Company March 29, seamlessly mixes indie, alt-country, soul and everything in between effortlessly. Hearty pedal steel riffs and gentle saxplay weave lovelorn lyrics that echo the blues. Since forming in 2007, The Revivalists have earned their

standing among the best original bands in New Orleans. The group’s blend of soulful, syncopated rock and earnest songwriting comes to life through meticulously crafted, ever-evolving performances. In 2011, they were named Best Emerging Artist at Gambit Magazine’s Big Easy Awards. The band is proud to be a part of New Orleans’ growing independent, original music scene. Lately they’ve been incredibly successful in extending that reach across the country, touring incessantly and booking big music festivals this year from Governors Ball to Mountain Jam and Gathering of the Vibes. The Revivalists know how to infect a live venue with a sense of purpose and energy. Their performances wrap feel-good, danceable melodies around funky, shapeshifting jams as energetic fans latch on to and get down to their grooves. This band has an innate talent for finding the balance in the tricky dichotomy between a hooky chorus and an indulgent jam. The overall effect is inspiring, and, most important, never boring. Get your tickets at fairfieldtheatre.org . For more on The Revivalists, visit therevivalists.com.

A COLLAGE OF ARTISTS

Four collagists unite for “Piecing It Together,” opening at the Stamford Art Association gallery March 31.

“Piecing It Together,” at the Stamford Art Association gallery March 31 through April 25, showcases the work of four women artists from Fairfield County who are connected by a unique teacher and mentor. They met, bonded and found a common love for collage in the “Fragments into Wholes” classes taught by artist Barbara Rothenberg at the Silvermine School of Art in New Canaan. Elizabeth Nagle, Mary Elizabeth Peterson, Amy Schott and Ruth Kalla Ungerer are each exploring the medium of collage and pushing boundaries. For them, this involves the use of nontraditional materials, found objects and everyday household items. They share a belief in collage as a vehicle for altering the familiar; bridging the past, present and future; using universal themes and revealing aspects of life that make us all human. Collage is alluring to these artists because it is spontaneous, forgiving,

expressive, descriptive, immediate and expansive. Nagle’s work is inspired by abstraction and the freespiritedness that goes with it. Concerned with color, gesture and composition, her process is mostly intuitive, unplanned and free flowing. Her works are inventive, mischievous, witty, pleasantly offbeat and often populated with weird and wonderful characters. Peterson takes a painterly approach to collage. She incorporates unusual materials in her works, including roofing tiles, plastics and driftwood, along with found and handmade papers. Her works echo her love of nature and capture its energy, tension and organic elements. Schott favors timeworn ephemera, such as weathered scraps, used stamps, old maps and advertisements. She is a deconstructionist who removes items from their original contexts and reconstructs them in new and unexpected ways. Kalla Ungerer powerfully blends images, text and pieces from nature into works that evoke larger-than -life sentiments. She incorporates pieces from her prints along with found objects into her work, giving her collages tension and a compelling tactile quality. Her works are very personal, provocative and sensitive to the wonders and disappointments of everyday life. Join them at the opening reception, April 6 from 4 to 6 p.m. For further information, please call the Stamford Art Association at 325-1139.

Visit FCBuzz.org for more information on events and how to get listed.

Presented by: Cultural Alliance of Fairfield County

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013 21

IF WARREN BUFFETT SAID ‘BUY,’ WOULD YOU? Here’s what the Oracle of Omaha had to say in his annual letter to shareholders after Berkshire Hathaway bought 28 newspapers in 15 months:

“THE WORLD HAS CHANGED ... NEWSPAPERS CONTINUE TO REIGN SUPREME, HOWEVER, IN THE DELIVERY OF LOCAL NEWS.” “THERE IS NO SUBSTITUTE FOR A LOCAL NEWSPAPER THAT IS DOING ITS JOB” “PAPERS DELIVERING COMPREHENSIVE AND RELIABLE INFORMATION TO TIGHTLY BOUND COMMUNITIES AND HAVING A SENSIBLE INTERNET STRATEGY WILL REMAIN VIABLE FOR A LONG TIME.” That’s what the Business Journals are all about.

22 Week of March 25, 2013 • Fairfield County Business Journal

FAIRFIELD COUNTY

BUSINESS JOURNAL Schimenti Construction L.L.C., Ridgefield, contractor for Urstadt and Biddle Property Inc. Perform interior renovations at an existing Thomas Deli L.L.C.; Maria Sav- commercial building, 2235 Sumvidis and Thomas Karagiorgos, mer St., Stamford. Estimated cost: Norwalk. $168,610.79, in favor $150,000. Filed March 8. of Kims Center L.L.C. Property: Lot 18, Map 6830, Norwalk. Filed Stamford Hospital. Fit-out an March 4. existing commercial building, 30 Shelburne Road, Second floor, Stamford. Estimated cost: $51,000. Filed March 5. BUILDING

ATTACHMENTSFILED

PERMITS

CoMMERCIAL Eastbrook Construction, Stamford, contractor for Summer Street Partners. Reduce to core, second and third floor, 945 Summer St., Stamford. Estimated cost: $34,632. Filed March 13.

RESIDENTIAL Abbazia, Timothy. Construct an accessory building with a nonhabitable space at a single-family residence, 263 Stamford Ave., Stamford. Estimated cost: $40,000. Filed March 13.

Barn Yard, contractor for Steven Jensen, Peter, contractor for Wilburn. Construct an accessory Naromi Land Trust. Construct a building with a nonhabitable space new boardwalk, Route 37 North, at a single-family residence, 22 Saw Sherman. Estimated cost: $90,000. Mill Road, Sherman. Estimated cost: $13,000. Filed March 12. Filed March 7. Malkin Construction, Stamford, contractor for First Stamford Place L.L.C. Perform interior renovations at an existing commercial building, 151 Greenwich Ave., Stamford. Estimated cost: $560,000. Filed March 11.

Items appearing in the Fairfield County Business Journal’s On The Record section are compiled from various sources, including public records made available to the media by federal, state and municipal agencies and the court system. While every effort is made to ensure the accuracy of this information, no liability is assumed for errors or omissions. In the case of legal action, the records cited are open to public scrutiny and should be inspected before any action is taken. Questions and comments regarding this section should be directed to: Bob Rozycki c/o Westfair Communications Inc. 3 Gannett Drive, Suite G7 White Plains, N.Y. 10604-3407 Phone: (914)694-3600 Fax: (914)694-3680

Beatty Builders, contractor for Slamack and Bicho. Perform additions to a single-family residence, 3 Echo Road North, Sherman. Estimated cost: $180,000. Filed February 26.

Cantrell, Kenneth E. III. Perform interior renovations at an existing single-family residence, 150 Houston Terrace, Stamford. Estimated cost: $46,000. Filed March 5.

Fairfield Marble & Granite Inc. Filed by European Granite & Marble Group Inc. Plaintiff’s attorney: Weinstein, Weiner, Ignal, Vogel & Shapiro P.C., Bridgeport. Action: contractscollections. Filed March 13. Case no. 6033816.

Chiaramonte, Serafin. Construct a retaining wall at an existing single-family residence, 25 Mitchell St., Stamford. Estimated cost: Perey Turnstiles Inc. Filed by GMA Electrical Corp. Plaintiff’s $10,000. Filed March 5. attorney: Cohn, Dussi & Bilodeau, Warwick, R.I. Action: conConstruction Solutions Group, tracts-collections. Filed March 8. Stamford, contractor for Mark Case no. 6033754. Tutan. Perform interior alterations at a single-family residence, 334 Stamford Ave., Stamford. Estimat- PN Meat Corp. d.b.a. Compare Foods a.k.a. Alex Food Inc., et ed cost: $74,000. Filed March 8. al. Filed by Moneygram Payment Systems Inc. Plaintiff’s attorney: Cooney, James. Perform inte- Abraham M. Hoffmann, Trumrior alterations at a single-family bull. Action: contracts-collections. residence, 42 Big Trail, Sherman. Filed March 12. Case no. 6033797. Estimated cost: $15,000. Filed March 12. Ryder, Frank d.b.a. Chun Hwa’s Coffee Shop Inc., et al. Filed by Cooper Associates, contractor Rockland Bakery. Plaintiff’s attorfor Leah and Daniel Perl. Perform ney: Weinstein, Weiner, Ignal, Vointerior renovations at an existing gel & Shapiro P.C., Bridgeport. Acsingle-family residence, 189 Joffre tion: contracts-collections. Filed Ave., Stamford. Estimated cost: March 13. Case no. 6033817. $41,000. Filed March 7. Dario Palladino and Son Construction, contractor for Michele Castiglion. Perform interior renovations at an existing single-family residence, 25 Jeanne Court, Stamford. Estimated cost: $29,000. Filed March 11.

Bertocci, Richard. Construct an accessory building with a nonhabitable space at a single-family residence, 4 Stone Wall Lane, Sher- CHANGE OF NAME man. Estimated cost: $38,700. Filed March 7. Millen Industries, by virtue of a Merger dated Dec. 31, 2010 is Big Bear Construction, Bridge- n.k.a. Mafcote Inc., with an adport, contractor for Carriage dress at 108 Main St., Norwalk, by House Condominium Associa- Benjamin W. Lund. Filed March 4. tion. Repair storm damage to a single-family residence, 6447 Main COURT CASES St., Trumbull. Estimated cost: $7,000. Filed February 26.

BRIDGEPoRT

Blair, Pamela and William, Weston. Perform additions and al- DISTRICT CoURT terations at an existing single-family residence, 1 Rocky Brook Road, ABB Inc., et al. Filed by Walter Wilton. Estimated cost: $3,500. Robinson. Plaintiff’s attorney: Filed Feb. 28. Embry & Neusner, Groton. Action: torts-products liability. Filed Breaz Construction, Stamford, March 14. Case no. 6033843. contractor for Carlos Hernandez. Perform additions and alterations at an existing single-family residence, 39 Beachview Drive, Stamford. Estimated cost: $258,000. Filed March 11.

The Verdi Construction Co. L.L.C. Filed by Gemini Insurance Co. Plaintiff’s attorney: Gesmonde, Pietrosimone and Sgrignari L.L.C., Hamden. Action: contracts-collections. Filed March 8. Case no. 6033755.

DANBURY DISTRICT CoURT

Boehringer, Ingelheim Corp., et al., Ridgefield. Filed by Alyssa Margolin. Plaintiff’s attorney: Lynch, Traub, Keefe & Errante P.C., New Haven. Action: tortsproducts liability. Filed March 5. Case no. 6017431. Boehringer, Ingelheim Corp., et al., Ridgefield. Filed by Ray Sorrell. Plaintiff’s attorney: Lynch, Traub, Keefe & Errante P.C., New Haven. Action: torts-products liability. Filed March 5. Case no. 6017432.

Boehringer, Ingelheim Corp., et al., Ridgefield. Filed by Eva Hinkel. Plaintiff’s attorney: Lynch, Traub, Keefe & Errante P.C., New Haven. Action: torts-products liability. Filed March 5. Case no. 6017430.

Major Brands Inc. Filed by Diageo Americas Inc. Plaintiff’s attorney: Bryan James Orticelli, contracts-collections. Filed March 6. Case no. 13cv00312.

Sunland Inc. Filed by Iskream Inc. Plaintiff’s attorney: Peter Boehringer, Ingelheim Corp., D. Hersham. Action: contractset al., Ridgefield. Filed by George collections. Filed March 14. L. Urquidez, Executor. Plaintiff’s Case no. 13cv00356. attorney: Lynch, Traub, Keefe & Errante P.C., New Haven. Action: torts-products liability. Filed DEEDS March 6. Case no. 6017457. Ocean Frontier Chartering Inc., et al. Filed by Sabine Surveyors Ltd. Plaintiff’s attorney: Tisdale Law Offices L.L.C., Southport. Action: contracts. Filed March 7. Case no. 6017477.

CoMMITEE DEED

U.S. Bank N.A., Mount Laurel, N.J. Seller: Daniel B. Gloss, Property: 83 Purdy Hill Road, Monroe. Amount: $230,502, docket no. FBT CV116017411-S. Filed Spector, Scott M.D. Filed by March 6. Daniel Samuels. Plaintiff’s attorney: Russell, Marc, Yankwitt, White Plains, N.Y. Action: CoMMERCIAL malpractice suit. Filed March 5. Case no. 6017426. Capital Equities L.L.C., Norwalk. Seller: Q. Sono IV L.L.C., NorThe Granite Group Wholesalers walk. Property: 38 to 48 and 50 N. L.L.C., et al. Filed by Underwrit- Main St., Norwalk. Amount: $2.07 ers at Lloyd’s London. Plaintiff’s million. Filed March 6. attorney: Cotter, Cotter & Mullins, Trumbull. Action: fire damage. CNS 537 L.L.C., Greenwich. SellFiled March 5. Case no. 6017425. er: 537 North Street L.L.C., Greenwich. Property: 537 North St., Greenwich. Amount: $6.4 million. Filed March 6.

Runnin Free USA L.L.C. d.b.a. Kilometers, et al. Filed by Karhu North America L.L.C. Plaintiff’s SUPERIoR CoURT attorney: Gesmonde, Pietrosimone and Sgrignari L.L.C., Ham- Amicus Mediation & Arbiden. Action: contracts-collections. tration Group Inc. and HillFiled March 11. Case no. 6011846. ary Earle. Filed by Roger H. Kaye MD PC. Plaintiff’s attorney: Aytan Y. Bellin. Action: Stamford other statutes. Filed March 14. Case no. 13cv00347.

District Court

EBIO-Medtronics L.L.C. and Irfan Fazil. Filed by Roger H. Kaye MD PC. Plaintiff’s attorney: Aytan Y. Bellin. Action: other statutes. Filed March 14. Case no. 13cv00349.

Commerce Holdings L.L.C., Waterbury. Seller: J&M Enterprises of Monroe L.L.C., Shelton. Property: 24 Commerce Drive, Monroe. Amount: $225,000. Filed March 4.

Five Good Eggs L.L.C., Norwalk. Seller: Technology Drive Exchange L.L.C., Rocky Hill. Property: 115 Bagel Boy Inc. Filed by Pep- Technology Drive, Unit C200, peridge Farm Inc. Plaintiff’s at- Trumbull. Amount: $1.2 million. torneys: Stewart I. Edelstein and Filed March 1. Philip C. Pires. Action: contracts-collections. Filed March 7. Case no. 13cv00320

THE RECORDS SECTION IS NOW AVAILABLE BY DIGITAL SUBSCRIPTION. Go to westfaironline.com/buy/records-section/ for more information and to view a sample.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013 23

on the record Kurilec Holdings L.L.C., Trumbull. Seller: Triple Crown Real Estate Inc., Trumbull. Property: 115 Technology Drive, Unit C201, Trumbull. Amount: $325,000. Filed Feb. 28. Southern New England Conference Association of Seventh Day Adventists, South Lancaster, Mass. Seller: First Church of Christ Scientist of Boston Massachusetts, Boston, Mass. Property: 145 Deer Hill Ave., Danbury. Amount: $400,000. Filed March 7.

Antoniello, Audra N., Tarrytown, N.Y. Seller: Megan L. Smith, Trumbull. Property: 44 Rocky Ridge Drive, Trumbull. Amount: $439,500. Filed March 8.

Burns, Caroline M. and John C., Ridgefield. Seller: Katharine D. and E. John Dyson, Ridgefield. Property: 15 Nutmeg Ridge, Ridgefield. Amount: $580,000. Filed Feb. 27.

Co, Adela and Pedro Sia Co, Quegon City, Philippines. Seller: Abigail Co and Bryan So, Monroe. Property: 2 Holly Place, Monroe. Amount: $160,000. Filed March 5.

Fisher, Rodney N., Westport. Seller: Richard H. Stowe, New York City. Property: 25 Dogwood Lane, Westport. Amount: $1.2 million. Filed March 6.

Heine Development Corp., Westport. Seller: N. Ruanne Opie, Birmingham, Mich. Property: 21 Twin Walls Lane, Weston. Amount: $250,000. Filed Feb. 21.

Bach, Lori J. and John W. Jr., Trumbull. Seller: Barbara Demetros Irrevocable Trust, Trumbull. Property: 32 Mount Pleasant Drive, Trumbull. Amount: $303,500. Filed March 5.

Cabral, Amanda and Nicholas, Danbury. Seller: Rebecca E. and Sean L. Samberg, Newtown. Property: 40 Lakeview Terrace, Newtown. Amount: $320,000. Filed March 8.

Conroy, Robert W. and James A., Fairfield. Seller: Donald D. Sung, New York City. Property: 5 Lehn Farm Road, Westport. Amount: $400,000. Filed March 11.

Foley, Christine and Kevin, Greenwich. Seller: Bernice M. Whittmore, Greenwich. Property: 116 Lockwood Road, Greenwich. Amount: $1.1 million. Filed March 8.

Hensel, Kathleen, Norwalk. Seller: Kevin Brady, Norwalk. Property: 20 Shamrock Lane, Norwalk. Amount: $370,000. Filed March 4.

Gartland, Anne J. and Kathleen K. and John J. Jacocks, Danbury. Seller: Cathleen M. and Munther Farr, Danbury. Property: 8 Crestdale Drive, Danbury. Amount: $207,500. Filed March 4.

Ho, Vicki H. and Kian Khiem Ting, Greenwich. Seller: Grace and John B. Lamb, Greenwich. Property: 133 Lake Ave., Greenwich. Amount: $687,500. Filed March 7.

Barnwell, Dorothy L. and William H. Arenson, Danbury. Seller: Renata Fonseca, Danbury. Property: 57 Starrs Plain Road, Danbury. Amount: $200,000. Filed March 6.

Stone Financing L.L.C., Woodridge, Ill. Seller: Kathryn and Frank A. Barbieri Jr., Norwalk. Property: Lot 27, Map 6505, Norwalk. Amount: $885,500. Filed Benitez, Eleny, Sherman. Seller: Wayne Braun, Sherman. Property: March 6. 141 Route 39 South, Sherman. Amount: $192,000. Filed March 1. The Norwalk Hospital Association, Norwalk. Seller: YMCA of Norwalk L.L.C., Norwalk. Proper- Bieling, Douglas J., Norwalk. ty: 2 and 4 Maple St.; 370 and 394 Seller: Marie Jane Bruno, Norwalk; West Ave., Norwalk. Amount: $4.5 John William, Chesterfield, Mo.; John J., Norwalk; Brian C., Pound million. Filed March 5. Ridge, N.Y.; Patrick P., Norwalk and Timothy G. Dillane, Verona, N.J. Property: 4 Sosse Court, NorQUIT CLAIM walk. Amount: $318,000. Filed Feb. 28. U.S. Bank N.A., Salt Lake City, Utah. Seller: Arch Bay 2010-2 REO Owner L.L.C., Property: 88 Straw- Blaszkiewicz, Teresa and Arthur berry Hill Ave., Norwalk. Amount: P., Weston. Seller: Federal National Mortgage Association, Washing$363,200. Filed Feb. 28. ton, D.C. Property: 50 Old Mill Road, Weston. Amount: $335,000. Filed Feb. 20.

RESIDENTIAL

33 Assisi Way L.L.C., Norwalk. Seller: Frank Martin Ventura, Norwalk. Property: Lot 96 B and 97, Map 6243, Norwalk. Amount: $249,000. Filed March 4. Adelman, Ruth S. and Philip S., Stamford. Seller: Evelyn Chavkin, Stamford. Property: 44 Strawberry Hill Ave., Unit 7L, Stamford. Amount: $300,000. Filed March 8. Akarapi, Srinivas, Norwalk. Seller: Ennio Pugelli, Norwalk. Property: 97 Richards Ave., Unit AA-9, Norwalk. Amount: $205,000. Filed March 6. Allen, Carla R. and Matthew M., Stamford. Seller: Lisa Jones, Wilton. Property: 95 Cherry Lane, Wilton. Amount: $600,000. Filed Feb. 22. Anderson, Karen M. and Megan, Stratford. Seller: Veronica Tiedeman, Exectrix, Greenwich. Property: 20 Briarcrofe Ave., Trumbull. Amount: $368,000. Filed March 1.

Conway, Desiree K., Monroe. Calidonna, Cynthia and Virginia Seller: Patricia M. James, MonDeSiena, Ridgefield. Seller: Ridge- roe. Property: 230 Fan Hill Road, field Partners L.L.C., Bethesda, Monroe. Amount: $385,000. Filed Md. Property: 4 Blackberry Lane, March 4. Ridgefield. Amount: $139,900. Filed March 1. Curlee, Susan and Bret, Wilton. Seller: Cliffway L.L.C., Fairfield. Campbell, Edward C. Jr., New Property: 117 Blanket Meadow Fairfield. Seller: Douglas Latulipe Road, Monroe. Amount: $570,000. Jr., Guilderland, N.Y. Property: 13 Filed Feb. 25. Rita Drive, New Fairfield. Amount: $282,000. Filed March 7. Curry, Michael P., Trumbull. Seller: Ji Hyun Lee and Jin Gyon Carrara, Deborah A., Wilton. Kang, Trumbull. Property: 33 JeSeller: Caroline Bienstock, Wilton. rome Ave., Trumbull. Amount: Property: 176 Range Road, Wil- $237,000. Filed Feb. 26. ton. Amount: $1.06 million. Filed March 1. Damio, Christopher R., Trumbull. Seller: Albert Peter Watcke, Carroll, Angela S. and William Trumbull. Property: 7 Green St., J., Madison. Seller: Megan Girald, Trumbull. Amount: $245,000. Darien. Property: 50 Glenbrook Filed Feb. 26. Road, Unit 3G, Stamford. Amount: $224,000. Filed March 6. Davies, Hannah K. and Mark C. Brazier, New York City. Seller: Caruso, Joseph, Easton. Seller: Lora and Robert D. Gray Jr., LonAngeliki Pederson, Easton. Prop- donderry, Vt. Property: 103 Higherty: 30 Beers Road, Easton. land Ave., Norwalk. Amount: $1.2 Amount: $386,000. Filed March 4. million. Filed March 4.

Bove, John J., trustee, Norwalk. Seller: Deutsche Bank National Trust, Coppell, Texas. Property: 191 W. Norwalk Road, Norwalk. Chestnut Farm L.L.C., Weston. Amount: $459,000. Filed March 1. Seller: Linda A. and George C. Guidera, Weston. Property: 227 Lyons Plain Road, Weston. Amount: Boyle, Brendan, Weston. Seller: $1.8 million. Filed Feb. 26. Brian Dolan, Wilton. Property: 62 Wilton Crest, Wilton. Amount: Chrisriver Corp., Old Green$160,000. Filed Feb. 20. wich. Seller: Karla Z. and Robert I. Wishnick, Greenwich. PropBrewster, Hugh and Jon Lowne, erty: 5 Dawn Harbor Lane, RiverStamford. Seller: Laura Pampena side. Amount: $2.6 million. Filed and Mark Fallone, Stamford. March 8. Property: 637 Cove Road, Unit C1, Stamford. Amount: $136,000. Ciszewski, Krysztof, Shelton. Filed March 8. Seller: Joyce G. and Augustus A. Aquino, Trumbull. Property: 79 Brookfield Global Relocation Bassick Road, Trumbull. Amount: Services L.L.C., Brookfield. Seller: $205,000. Filed Feb. 27. Marcia Greenblatt and Michael Zlotnick, Stamford. Property: 67 Haviland Court, Stamford. Claasen, Victoria D. and Mark Amount: $562,500. Filed March 8. D. Rysz, Darien. Seller: Samuel Morrone, Norwalk. Property: 13 Auburn St., Norwalk. Amount: Bruce, Barrie J. and Frank F. IV, $378,000. Filed March 4. Norwalk. Seller: Nicole and Michael Rolnick, Westport. Property: 62 Sylvan Road, Westport. Co, Abigail and Bryan So, MonAmount: $1.2 million. Filed roe. Seller: Jean Weicker, Stratford. Property: 2 Holly Place, Monroe. March 11. Amount: $320,000. Filed Feb. 28.

24 Week of March 25, 2013 â&#x20AC;˘ Fairfield County Business Journal

Depalt, Bree, Stamford. Seller: Anne Marie Martaus, Stamford. Property: 29 Sutton Drive West, Stamford. Amount: $323,000. Filed March 7. Dewynter-Graves, Denielle and Dean Graves, Westport. Seller: Carol Plaine Fisher, Westport. Property: 14 Greenwood Lane, Westport. Amount: $785,000. Filed March 8. DMC Builders L.L.C., Ridgefield. Seller: Anna Maria Oppedisano, Bayside, N.Y. Property: 443 North St., Greenwich. Amount: $850,000. Filed March 11. Dos Santos, Luzia V., Danbury. Seller: Kimberley E. and William R. Harvey and Patricia A. Williams, Norwalk. Property: 25 Padanaram Road, Unit 52, Danbury. Amount: $115,000. Filed March 7. Espichan, Patricia A. Perez and Luis D. Sanchez, Monroe. Seller: Dawn and Manuel Esmeraldo, Monroe. Property: 509 Moose Hill Road, Monroe. Amount: $340,000. Filed Feb. 26.

Herron, Laura L. and Christopher L., Norwalk. Seller: Patricia Gao, Ying, Stamford. Seller: Mario A. and Daniel L. Avery, Trumbull. U. Chiari, Bridgeport. Property: Property: 21 Bittersweet Lane, 290 W. Main St., Unit 4, Stamford. Trumbull. Amount: $514,900. Filed March 5. Amount: $99,530. Filed March 7.

Gasparini, Ellen and Thomas, Danbury. Seller: Blackstone Estate L.L.C., Brookfield. Property: 9 Blackstone Court, Danbury. Amount: $440,000. Filed March 6. Gaudio, Raymond, Huntington Station, N.Y. Seller: Anthony DeMatteo, Stamford. Property: 27 Puritan Lane, Stamford. Amount: $351,000. Filed March 11. Goldstein, Audrey, Greenwich. Seller: Gail A. Flesher and David J. Solvin, Edwards, Colo. Property: 82 Glenville Road, Greenwich. Amount: $2.3 million. Filed March 6.

Hopkins, Shannon L., Stamford. Seller: Pauline Saccol, Stamford. Property: 2784 High Ridge Road, Stamford. Amount: $635,000. Filed March 11. Huynh, Huy D. and David O. Heyman, Wilton. Seller: Patricia and Paul Moran, Norwalk. Property: 84 Borglum Road, Wilton. Amount: $665,000. Filed March 1. Jain, Anand K., Stamford. Seller: Helen and Peter Karantonis, Stamford. Property: 171 Emery Drive East, Stamford. Amount: $1.02 million. Filed March 5.

JES Biscayne Partners L.L.C., Greenwich. Seller: Nello Frattaroli, Gonzalez, Courtney R. and Ce- Greenwich. Property: 72 Hamsar N., Stamford. Seller: 33 Broad ilton Ave., Greenwich. Amount: Street Associates II L.L.C., Stam- $825,000. Filed March 7. ford. Property: 1 Broad St., Unit 8E, Stamford. Amount: $517,398. Kim, Chun Kyo, Stamford. Seller: Filed March 7. Jeffrey R. Mathias, Norwalk. Property: 110 Washington St., Unit 203, Gross, Christa and Scott, Weston. Norwalk. Amount: $168,000. Filed Seller: Sarah D. and Alfred R. Na- March 4. poletano, Weston. Property: 15 W. Branch Road, Weston. Amount: Kirson, Marlene, Atlanta, Ga. $985,000. Filed Feb. 25. Seller: Kilda Kwa, Wilton. Property: 73 Fawn Ridge Road, Wilton. Hanna, Jeffrey, Monroe. Seller: Amount: $275,900. Filed Feb. 25. Astoria Federal Savings and Loan Association, Long Island City, N.Y. Property: 35 Sunrise Terrace, Kozlak, Bryan R., Norwalk. SellMonroe. Amount: $52,000. Filed er: Barkese M. Dalton, Norwalk. Property: 22 Heather Lane, NorFeb. 28. walk. Amount: $380,000. Filed Feb. 28. Hanna, Joseph C., Danbury. Seller: Shaunna Muir, Murray, Utah and Bradford Muir, Dan- Krashiqi, Tahir and Hyre, Stambury. Property: 17 Jarrod Drive, ford. Seller: Patricia and Shahrokh Danbury. Amount: $247,000. Filed Behzad, Stamford. Property: 83 Maltbie Ave., Stamford. Amount: Feb. 28. $325,000. Filed March 7. Harris, Amanda and Matthew Bagot, Norwalk. Seller: Marines Rodriguez, Norwalk. Property: 162 N. Taylor Ave., Norwalk. Amount: $441,500. Filed March 5.

on the record CREDITS, CLIENTS AND AWARDS

RYAN RYAN DELUCA L.L.P., a law firm with an office in Stamford, recently announced the following two associates.

ON THE GO

MARSHA CHARLES, of New Canaan, SATURDAY APRIL MICHAEL C. BARBARULA most recently was recently recognized by The Coldwell Kaleidoscope Ball networking event for your business. Stepping worked as a temporary assistant clerk in the Banker Previews International office in Stones Museum for Children, 303 West Ave., Norwalk. For inforcivil division of Bridgeport Superior Court. New Canaan as the No. 1 sales associate He has a Bachelor of Arts degree in political mation, call 899-0606, ext. 225. for residential units sold in New Canaan science from the University of Connecticut in 2012. Additionally, she ranked No. 2 and graduated from the Dickinson School Broadway superstar Audra McDonald to perform at Stamfor total dollar volume in New Canaan of Law at Penn State University. While in ford Symphony. 8 p.m., Palace Theater, Stamford Symphony, 263 2012, placing her among the company’s law school, he completed internships with Tresser Blvd., Stamford. For information, contact Barbara J. Smithtop-producing sales associates. She ranked the Norwalk public defender’s office, the Soroca at 325-8762. fifth among all of the Coldwell Banker Philadelphia district attorney’s office, and Residential Brokerage’s sales associates in Connecticut and sixth among more than 2,100 sales associates companywide. Charles the Clearfield County (Pa.) district attorney’s Office. has been the top agent in the New Canaan office since she joined Coldwell Banker Residential Brokerage in 2008, and is a recipiJOHN KANCA most recently was an assoent of the Coldwell Banker International President’s Premier ciate at an insurance defense litigation firm award for her sales in 2012 and 2011, an honor presented to the in Hartford, where he practiced primarily in top 1 percent of approximately 82,200 sales associates worldthe areas of personal injury, automobile liwide in the Coldwell Banker system. ability and premises liability. He also served as a temporary assistant clerk in the civil and family division at the New Britain Superior NORTHEAST PRIVATE CLIENT GROUP, an investment Court in New Britain. Kanca has a Bachelor sales broker with offices in White Plains and Bridgeport, has of Arts degree in political science from Bosbeen selected by CoStar Group Inc., provider of information ton College and graduated from the Univerand analytics for commercial real estate, as CoStar’s Power Brosity of Connecticut School of Law. ker Award winner for 2012. The annual award recognizes the “best of the best” in commercial real estate brokerage by honoring the firms and brokers who closed the highest-transaction volumes in commercial property sales in their respective markets. Northeast Private Client Group qualified as one of the top commercial brokerage firms of 2012 in the Westchester/southSNAPSHOT ern Connecticut region based on its volume of $65 million in total investment sales transactions closed in the region last year. SBD KITCHENS (Sarah Blank Designs) hosted an event for the Darien Arts Center March 9, highlighting Lynne Byrne’s nature photography. The event was a prelude to the debut production of “The 39 Steps,” a play produced by Darien Arts Center Stage currently U.S. TRUST, a private bank with offices in Greenwich, Stam- showing at the center’s Weatherstone Studio. ford and Westport that serves the needs of high and ultra-high net-worth individuals, was recently named Best Private Bank Client Service at the annual Private Asset Management Awards. U.S. Trust was selected by an independent panel of industry experts, based on key criteria and performance indicators, including financial progress, growth, client satisfaction and product innovation.

NEWSMAKERS JOHN PARKER recently joined JCS Construction Group in Stamford as a commercial project manager overseeing large commercial projects in New York and Connecticut. Most recently, Parker was a project manager for a Stamford-based hospitality and boutique hotel developer. Previously, he was a staff architect for a New York City-based high-end residential architectural firm. Parker has a bachelor’s degree in architecture from Wentworth Institute of Technology and a certificate of real estate development from The Schack School of Real Estate at New York University.

From left, Carol Glassmeyer, Lisa Thoren, Amy Allen, Sarah Blank, Donna Wyant and Lynne Byrne at the SBD Kitchens at the Darien Arts Center.

Information for these features has been submitted by the subjects or their delegates.

KERS NEWSSMLAETTER W NE

Get all the executive promotions and moves, awards and snapshots we publish in the Business Journals delivered to your inbox on Monday mornings. SUBSCRIBE AT WESTFAIRONLINE.COM/HOME/BREAKING-NEWS/ FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013 25

on the record Kronberg, Victor G., Norwalk. Seller: 6 New Canaan Way L.L.C., Norwalk. Property: 6 New Canaan Way, Norwalk. Amount: $705,000. Filed March 1.

Mhatre, Manisha N. and Nitri J., Norwalk. Seller: Federal National Mortgage Association , Washington, D.C. Property: 4 Union Ave., Unit 15, Norwalk. Amount: $140,000. Filed March 6.

Lacore, Eric, Bethel. Seller: Charles and Joseph Kopp and Carlo D. and Vincent C. Cavaliere, Stamford. Property: 27 Crows Nest Lane, Unit 12B, Danbury. Amount: $162,500. Filed March 4.

Parham, Annelise D. and David P. Kahn, Watertown, Mass. Seller: Andrew R. Bazelle and Mario R. Cavalcanti, Danbury. Property: 73 Lawrence Ave., Unit 1508, Danbury. Amount: $428,500. Filed March 5.

Misitrano, Lisa Meryl and Patricia Augusto, Norwalk. Seller: Carol J. Merdinolu, Wilton. Property: 24 Juniper Place, Wilton. Amount: $677,500. Filed Feb. 28.

LaPierre, Nicole, Stratford. Seller: Michelle E. and Stephen P. Blogg, Stratford. Property: 1105 North Ave., Stratford. Amount: $170,000. Filed March 8.

Montevaro, Theresa M., Danbury. Seller: Union Savings Bank, Danbury. Property: 27 Boyce Road, Danbury. Amount: $250,000. Filed March 4.

Laskowski, Marlena and Piotr, Stamford. Seller: Danita and Kazimierz Laskowski, Stamford. Property: 43 Judy Lane, Stamford. Amount: $510,000. Filed March 8.

Mossey, Kristi L. and Victor Verazain, Norwalk. Seller: Marion P. and Miguel Cotto, Trumbull. Property: 36 Ruth St., Trumbull. Amount: $474,900. Filed Feb. 28.

Liodori, Louis, Rye, N.Y. Seller: Teresa and Marek Maultz, Greenwich. Property: 9 Moshier St., Greenwich. Amount: $420,000. Filed March 8.

Mulvehill, Maria F. and James P., Westport. Seller: Hiromi and Masatoshi Shirafuji, Westport. Property: 20 Hyde Lane, Westport. Amount: $750,000. Filed March 8.

Lourenco, Daniel, Danbury. Seller: Nicole L. and Alan A. Lourenco, Newtown. Property: 56 Schoolhouse Hill Road, Newtown. Amount: $325,000. Filed March 6.

Murphy, Heidi B. and Daniel, Wilton. Seller: Carol B. Hastings, Redding. Property: 38 Nod Hill Road, Wilton. Amount: $892,500. Filed Feb. 19.

Lum, Linda, Las Vegas, Nev. Seller: Connie Jo Dickerson and Jon M. Young, Weston. Property: 226 Georgetown Road, Weston. Amount: $470,000. Filed Feb. 21.

Reyes-Vega, Jose G., Bridgeport. Park, Eugene, Norwalk. Seller: Seller: Jay E. Flesher, Stratford. Andrea Samantha Robinson and Property: 106 Winter St., Stratford. Courtney Wood, New York City. Amount: $165,000. Filed March 8. Property: 25 Marshall St., Unit 2D, Norwalk. Amount: $230,000. Filed Ridge, Susan, Stamford. Seller: March 4. Julia McConnell, Stamford. Property: 89 Northill St., StamPayams, Ysabel and Daribel, ford. Amount: $544,000. Filed Danbury. Seller: Barbara A. March 11. Downs, Danbury. Property: 35 Hillside Ave., Danbury. Amount: Rosenblatt, Amy N. and Michael $185,000. Filed Feb. 28. J., Ridgefield. Seller: Country Club Development L.L.C., Ridgefield. Payne, Andrew, Wilton. Seller: Property: 11 Byron Ave., RidgeValentine V. MacLeod, Jupiter, Fla. field. Amount: $1.9 million. Filed Property: 70 Belden Hill Road, Feb. 25. Wilton. Amount: $655,000. Filed March 8. Rubin, Gwen and Jon, Ridgefield. Seller: Collette Schmitt, RidgePeh, Beng Huat, Norwalk. Seller: field. Property: 120-30 Prospect U.S Bank N.A., trustee, Salt Lake St., Ridgefield. Amount: $480,000. City, Utah. Property: 52 Osborne Filed March 1. Ave., Norwalk. Amount: $245,000. Filed March 1. Russo, Erica and Anthony J., Brewster, N.Y. Seller: Secretary of Porco, Mariana and Stephen, New Housing and Urban Development, York City. Seller: Nancy Simpson, Washington, D.C. Property: 7 Stamford. Property: 11 Marcar- Fairview Drive, Unit 3-2, Danbury. don Ave., Ridgefield. Amount: Amount: $71,000. Filed March 6. $430,000. Filed Feb. 27.

Murray, Jonathan E., Danbury. Seller: Stephanie L. Hoyt, Danbury. Property: 23 Scuppo Road, Prager, Richard L., Greenwich. Danbury. Amount: $133,000. Filed Seller: John Jay Ginter III, GreenFeb. 28. wich. Property: 198 Milbank Ave., Unit 198 West, Greenwich. Amount: $3.7 million. Filed Nette, William M., Wilton. Seller: March 8. Marlene Kirson, Atlanta, Ga. Property: 73 Fawn Ridge Road, Wilton. Amount: $310,000. Filed Feb. 25. Punkett, Andrea M. and Joseph Classpeters-Williams, Stamford. Seller: Bozena E. and Novas, Marcelo, New Milford. Leszek Kudelski, Stamford. PropSeller: Romery Reyes, Woodhaven, erty: 49 Glendale Circle, Stamford. N.Y. and Mario J. Canela, Dan- Amount: $350,000. Filed March 7. bury. Property: 17 Griffing Ave., Danbury. Amount: $112,500. Filed March 4. Quesnel, Benjamin, Broad Brook. Seller: Amelia A. Pross, Stamford. Property: 85 Riverside Ave., Unit Oberwetter, Dee Davis and Emile C8, Stamford. Amount: $191,000. Robert, Stamford. Seller: Harold Filed March 6. A. Chase Jr., Norwalk. Property: 424 Old Long Ridge Road, Stamford. Amount: $715,000. Filed Ratnaparkhi, Radha P. and March 8. Prashat P., Danbury. Seller: Bethel Danbury II L.L.C., White Plains, N.Y. Property: 62 Tucker Olson, Lisa M. and John C., St., Unit 3204, Danbury. Amount: Bolton. Seller: Helen J. Rogalewski, $301,000. Filed March 5. Trumbull. Property: 143 Governor Trumbull Way, Trumbull. Amount: $277,500. Filed March 1. Reiff, Mitsuko and Shane, Stamford. Seller: Samuel S. Goicham, Stamford. Property: 173 HubPan, Min and Xiang Li, Stamford. bard Ave., Stamford. Amount: Seller: Brookfield Global Reloca- $673,000. Filed March 11. tion Services L.L.C., Brookfield. Property: 67 Haviland Court, Stamford. Amount: $508,000. Filed March 8.

MacDougall, Lynn M. and William D., Easton. Seller: Florence I. Barber, Monroe. Property: 188 Stanley Road, Monroe. Amount: $315,000. Filed Feb. 26. Machado, Bruno, Norwalk. Seller: The Secretary of Housing and Urban Development, Washington, D.C. Property: 17 Old Green Road, Newtown. Amount: $316,750. Filed March 6. Macken, Christine and John, Bridgeport. Seller: Frances D. Dunn, Wilton. Property: 1 Chipmunk Lane, Wilton. Amount: $514,500. Filed Feb. 20. Mendez Orozco, Andrea and Jose M. Orozco, Norwalk. Seller: 227 Main Street L.L.C., Norwalk. Property: 33 George Ave., Norwalk. Amount: $296,900. Filed March 6.

26 Week of March 25, 2013 â&#x20AC;˘ Fairfield County Business Journal

Reyes Sanchez, Ana and Omar Polanco, Danbury. Seller: Housatonic Habitat For Humanity Inc., Danbury. Property: 6 Linden Place, Unit A, Danbury. Amount: $200,000. Filed March 5.

Seng, Thavy and Yan Neth, Danbury. Seller: John D. Bloom, Ovid, N.Y. Property: 7 Eden Drive, Unit 4, Danbury. Amount: $85,000. Filed March 4.

Surendran, Geetha and Venkat, Ossining, N.Y. Seller: Elizabeth M. Goodsell, New Fairfield. Property: 47 Barnum Road, New Fairfield. Amount: $180,000. Filed March 11.

Serewko, Alison B. and Stephen V., Glendale, N.Y. Seller: Christopher C. McCollam, Bethel. Property: 12A Mansfield St., Bethel. Amount: $206,000. Filed March 6.

Tanguy, Nicole, Stamford. Seller: Barbara Nemnom and Francois Petch, St. Sulpice, Switzerland. Property: 62 Fox Ridge Road, Stamford. Amount: $1.1 million. Filed March 5.

Sherwani, Humera, Danbury. Seller: Lisa MacKinnon, Danbury. Telerico, Gail P. and Samuel T., Property: 7 Abbot Ave., Danbury. Riverside. Seller: Birgitta S. Larson, Cos Cob. Property: 500 River Amount: $100,000. Filed Feb. 28. Road, Cos Cob. Amount: $1.08 million. Filed March 6. Simivaliyakath, Manjery M. and Nishad Moiden, Stamford. Seller: Frederick M. Petrini, Mon- Tenempaguay, Jesus M. and Jeroe. Property: 1501 Eaton Court, sus W., Danbury. Seller: William Danbury. Amount: $275,000. Filed Guzman, Danbury. Property: 58 Liberty Ave., Danbury. Amount: March 7. $226,000. Filed March 4. Sobejko, Gwyneth A. and Paul P., Stratford. Seller: Marie A. Cooper and Robert S. Cooper, Monroe. Property: 11 Great Oak Farm Road, Monroe. Amount: $388,000. Filed March 4. Soden, Laura and Stephen F., Greenwich. Seller: Melanie and Scott M. Fleeman, Newbury Park, Calif. Property: 270 Newtown Ave., Norwalk. Amount: $365,000. Filed March 4.

Tilford, Deborah A. and Louis J. Szabo, Trumbull. Seller: Deborah T. Cullen-Morales, Trumbull. Property: 5 Harvester Road, Trumbull. Amount: $340,000. Filed March 7. Traber, Jenny, Norwalk. Seller: Federal National Mortgage Association, Washington, D.C. Property: 23 Van Buren Ave., Unit 6, Norwalk. Amount: $201,000. Filed March 5.

Ruzicka, John M., Norwalk. Seller: Amanda A. Harris and Matthew C. Bagot, Norwalk. Property: 57 Plattsville Ave., Unit H, Norwalk. Amount: $191,500. Filed March 6.

Solano, Paula, Norwalk. Seller: Federal National Mortgage Association, Washington, D.C. Property: 14 Charles St., Norwalk. Amount: $215,000. Filed March 1.

Samoskevich, David, Newtown. Seller: Gloria Greenhaus, Danbury. Property: 21 Gregory St., Danbury. Amount: $325,000. Filed March 4.

Soliman, Abdou, Stamford. Seller: Jeffrey Meeson, Norwalk. Property: 60 Strawberry Hill Ave., Unit 911, Stamford. Amount: $115,000. Filed March 8.

Sanchez, Yanoret and David, Trumbull. Seller: Domingos DaSilve, Trumbull. Property: 36 Randall Drive, Trumbull. Amount: $335,000. Filed March 5.

Solowiey, Anna, Trumbull. Seller: PWR Properties Inc., Trumbull. FORECLOSURES Property: 70 Stonehouse Road, Trumbull. Amount: $310,500. Filed Feb. 28. Contract Plating Co. Inc. Creditor: town of Stratford. Property: Spence, Ruth S. and Martin J., 540 Longbrook Ave., Stratford. Bethel. Seller: Steiner Inc., Bethel. Judgment of foreclosure has Property: 4 Galloping Hill Road, passed. Filed March 7. Bethel. Amount: $500,000. Filed March 6. Dent, Elyse and Timothy E. Jr., et al. Creditor: PHH Mortgage Stan, Julie T. and Timothy C., Corp., Mount Laurel, N.J., 57 PhiSandy Hook. Seller: Karen L. Kar- lo Curtis Road, Newtown. Judgpie and Kevin R. Murphy, Milford. ment of foreclosure has passed. Property: 6 Monitor Hill Road, Filed March 11. Newtown. Amount: $535,000. Filed March 8. Karp, Charles V. Creditor: Colonial National Mortgage Division, Stoni, Rochelle L. and Ste- Fort Worth, Texas. Property: 15 phen M., Trumbull. Seller: Gus High Noon Drive, Weston. JudgHatzis, Trumbull. Property: 21 ment of foreclosure has passed. Pioneer Trail, Trumbull. Amount: Filed Feb. 21. $440,000. Filed Feb. 25.

Sanders, Barbara, Norwalk. Seller: Brian and Mandy Clock, Norwalk. Property: 11 Norden Place, Unit 48, Norwalk. Amount: $172,947. Filed March 1. Sanmartin, Maria and Manuel, Danbury. Seller: Housatonic Habitat For Humanity Inc., Danbury. Property: 6 Linden Place, Unit B, Danbury. Amount: $200,000. Filed March 5. Schimenti, Matthew C., Ridgefield. Seller: Little Cove L.L.C., Old Greenwich. Property: 38 Keofferam Road, Old Greenwich. Amount: $4.07 million. Filed March 6.

Trombetta, Lisa M. and Charles J., Stamford. Seller: Donna C. Simonelli, Stamford. Property: 291 Chestnut Hill Road, Stamford. Amount: $990,000. Filed March 7. Vaduka, Deepankar, Stamford. Seller: Donna F. Martin, Bradenton, Fla. Property: 50 Glenbrook Road, Unit 4-H, Stamford. Amount: $210,000. Filed March 8.

on the record Maengio, Danielle M., et al. Creditor: PHH Mortgage Corporation, Mount Laurel, N.J., 25 Grand St., Unit 158, Norwalk. Judgment of foreclosure has passed. Filed Feb. 28.

Araujo, Maria, Danbury. $948.30, in favor of Danbury Emergency Services, Danbury, by Robert L. Peat, Danbury. Property: 96 Hillandale Road, Danbury. Filed March 4.

Cooper, Erin E., Newtown. $5,938.11, in favor of Capital One N.A., Richmond Va., by Holly Nelen, East Hartford. Property: 118 Lakeview Terrace, Sandy Hook. Filed March 11.

Fagnano, Regiane, Danbury. $1,401.45, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 5 Pembroke Terrace, Danbury. Filed March 5.

Gordon, Juan, Norwalk. $6,583.07, in favor of Portfolio Recovery Associates L.L.C., Norfolk, Va., by Holly Nelen, East Hartford. Property: 8 Lowndes Ave., Norwalk. Filed March 5.

Lanuk, John W., Stamford. $42,446.41, in favor of JPMorgan Chase Bank N.A., New Haven, by Richard G. Feldman, New Haven. Property: 33 Heather Drive, Stamford. Filed March 8.

McQuilton, Kenneth L. Creditor: OneWest Bank F.S.B., Pasadena, Calif. Property: 186 Glenwood Ave., Stratford. Judgment of foreclosure has passed. Filed March 8.

Arons, Michael M., Stamford. $1,459.55, in favor of Capital One N.A., Richmond Va., by Russell L. London, Newington. Property: 95 Liberty St., Apt. 2, Stamford. Filed March 5.

Cordeiro, Jose, Danbury. $1,095.75, in favor of US Insulation Corp., Berlin, by Randall J. Carreira, Bridgewater. Property: 20 Clairann Drive, Danbury. Filed March 7.

Farias, Luis D., Stamford. $3,182.65, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 30 Glenbrook Road, Unit 1F, Stamford. Filed March 7.

Green, Irene C., New Fairfield. $1,744.51, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 25 Deer Lane, New Fairfield. Filed March 6.

Longo, Libby Ann K., Wilton. $1,552.39, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 36 Old Mill Road, Wilton. Filed March 7.

Aubrey, Lewis, Stamford. $3,300.33, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 221 Cold Spring Road, Stamford. Filed March 6.

Correa, Benjamin A., Bethel. $2,379.21, in favor of Capital One N.A., Glen Allen, Va., by Holly Nelen, East Hartford. Property: 8 Hearthstone Drive, Bethel. Filed March 11.

Fernandez, Elizabeth and Joaquin Marquez, Greenwich. $725, in favor of town of Greenwich, by Abby D. Wadler, Greenwich. Property: 47 Burdsall Drive, Greenwich. Filed March 8.

Griffin, John, Danbury. $6,486.80, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury. Property: 26 Westview Drive, Danbury. Filed March 4.

Lopez, Gabriela N., Norwalk. $3,513.37, in favor of Equable Ascent Financial L.L.C., Northbrook, Ill., Property: 360 Newtown Ave., Apt. 1, Norwalk. Filed March 1.

Costa, Maria I., Danbury. $55,861.91, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 1 Housman St., Unit 1, Danbury. Filed March 6.

Gad, Nagwat, Trumbull. $5,158.80, in favor of Cach L.L.C., Denver, Col., by Joseph M. Tobin, New Haven. Property: 151 Tanglewood Road, Trumbull. Filed March 6.

Gustave, Edmond, Stratford. $15,205.93, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 230 Orange St., Stratford. Filed March 6.

Lucsky, James, Bethel. $2,409.40, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 50 Whippoorwill Road, Bethel. Filed March 6.

Davis, Norman, Bethel. $942.39, in favor of Palisades Collection L.L.C., Englewood Cliffs, N.J., by Holly Nelen, East Hartford. Property: 12 Highland Ave., Bethel. Filed March 11.

Gangi, Maureen, Trumbull. $2,856.83, in favor of Sacred Heart University, Fairfield, by Karen E. Lahey, Waterbury. Property: 47 Mariner Circle, Trumbull. Filed March 11.

Harris, Clevent, Stamford. $1,164.96, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 25 Lancer Lane, Stamford. Filed March 6.

Maldonado, Victor, Danbury. $9,529.61, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 9 Lake Ave., Danbury. Filed March 6.

Montero, Diana and Anthony. Creditor: Citimortgage, Inc., Oâ&#x20AC;&#x2122;Fallon, Mo. Property: 7 Blake St., Norwalk. Judgment of foreclosure has passed. Filed March 4.

Pharo, Eleanor M. and Homer D. Jr. Creditor: Cenlar FSB, Ewing, N.J. Property: 59 Algonquin Trail, Baskay, William T., Bethel. Newtown. Judgment of foreclo- $2,863.42, in favor of Waterside Financial Inc., Cheshire, by Scarlett sure has passed. Filed March 11. A. Tracey. Property: 10 Topstone Drive, Bethel. Filed March 11. Rothman-Lops, Marci, et al. Creditor: Astoria Federal Mortgage Corp., Wilton. Property: 193 Benoit, Margueritte, Stamford. Hamilton Ave., Apt. 8, Green- $808.29, in favor of Advanced Rawich. Judgment of foreclosure has diology Consultants L.L.C., Trumbull, by Richard Terry, Hamden. passed. Filed March 11. Property: 13 Chestnut St., Stamford. Filed March 7. The Lost Trail L.L.C. and John J. Walpuck, et al. Creditor: WilRobert, Trumbull. ton Bank, Wilton. Property: 96 Berko, Georgetown Road, Weston. Judg- $1,085.11, in favor of U.S. Equities ment of foreclosure has passed. Corp., South Salem, N.Y., by Linda Strumpf, New Canaan. Property: Filed Feb. 22. 119 Aspen Lane, Trumbull. Filed Feb. 25.

JUDGMENTS Alesevich, Kaye E. and Nicholas J., Trumbull. $688, in favor of Fairfield County Pathology, Bridgeport, by Karen E. Lahey, Waterbury. Property: 235 Putting Green Road, Trumbull. Filed March 11.

Brancato, Joseph, Norwalk. $7,266.40, in favor of William A. Pelletreau L.L.C., Norwalk, by Sara M. Gould, Stamford. Property: 32 Catherine St., Norwalk. Filed Feb. 28.

Cawsey, Margaret J., Greenwich. $2,463.60, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph Alfaro, Jose, Stamford. $831.65, M. Tobin, New Haven. Property: in favor of Stamford Radiological 28 Fletcher Ave., Greenwich. Filed Association, Stamford, by Karen March 6. E. Lahey, Waterbury. Property: 45 Victory St., Stamford. Filed March 11. Cheney, Susan, Sherman. $17,587.70, in favor of New Milford Hospital, New Milford, by Alvarez, Sally A., Trumbull. Karen E. Lahey, Waterbury. Prop$11,372.49, in favor of Capital One erty: 162 Route 39 North, SherN.A., Richmond Va., by Russell man. Filed Feb. 27. L. London, Newington. Property: 124 Sturbridge Lane, Trumbull. Filed March 11. Coe, Joanne and Thomas E., New Fairfield. $10,569.23, in favor of Discover Bank, Andover, Mass., Appleby, Daniel, Bethel. by Nathan G. Johnson, Pawtucket, $1,763.95, in favor of CT Family R.I. Property: 7 Karen Drive, New Orthopedics, Windsor, by Jeffrey Fairfield. Filed March 12. T. Schuyler, New Britain. Property: 142 Walnut Hill Road, Bethel. Filed March 7.

Heinsohn, Peter J., Newtown. Dedrick, Norman L. Jr., Trum- Gaydos, Michael, Trumbull. $14,456.62, in favor of Capital bull. $2,629.31, in favor of Ameri- $1,604.03, in favor of Precision Re- One N.A., Richmond Va., by Holly can Express Centurion Bank, New covery Analytics Inc., Hawthorne, Nelen, East Hartford. Property: York City, by Holly Nelen, East N.Y., by Joseph M. Tobin, New Ha- 39 Berkshire Road, Sandy Hook. Hartford. Property: 100 Park Lane, ven. Property: 47 Norwood Ter- Filed March 11. Trumbull. Filed March 4. race, Trumbull. Filed March 6. Dempsey, Jodi, Danbury. $1,259.99, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 26 Alan Road, Danbury. Filed Feb. 28. Desilva, Agenor, Danbury. $3,176.62, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 26 Oak Ridge Gate, Danbury. Filed Feb. 28. Dinardo, Salvatore, Trumbull. $11,289.96, in favor of Discover Bank, Andover, Mass., by Holly Nelen, East Hartford. Property: 169 Booth Hill Road, Trumbull. Filed Feb. 28.

Hyland, Robert A., Trumbull. Gilbert, Susan, New Fairfield. $23,824.38, in favor of Portfolio $948.92, in favor of Cavalry SPV Recovery Associates L.L.C., NorI L.L.C., Valhalla, N.Y., by Joseph folk, Va., by Holly Nelen, East M. Tobin, New Haven. Property: Hartford. Property: 113 Elliott 194 Route 39, New Fairfield. Filed Road, Trumbull. Filed Feb. 28. March 6. Glowacki, Edward, Danbury. $1,788.49, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 41 Ridgefield Drive, Danbury. Filed Feb. 28. Godoy, Diana, Danbury. $7,906.82, in favor of First National Bank of Omaha, Omaha, Neb., by Kie Westby, Thomastown. Property: 12 Wellington Court Drive, Danbury. Filed Feb. 28.

Jones, Janis and Louis, Greenwich. $907.20, in favor of Bridgeport Anesthesiology, Stratford, by Karen E. Lahey, Waterbury. Property: 45 Close Road, Greenwich. Filed March 11. Karp, Dawn L., Newtown. $7,862.33, in favor of Citibank N.A., Sioux Falls, S.D., by Holly Nelen, East Hartford. Property: 127 Hanover Road, Newtown. Filed March 11.

Mankiewicz, Claudine, Ridgefield. $1,030.08, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury. Property: 226 Old Branchville, Ridgefield. Filed March 1. Martinez, Idalexa, Norwalk. $5,270.66, in favor of Capital One N.A., Richmond Va., by Russell L. London, Newington. Property: 4 Union Ave., Apt. 7, Norwalk. Filed March 5. Mayorga, Mauricio, Danbury. $2,893.46, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 15 South Ave., Unit B, Danbury. Filed March 6. McCarley, Juanita, Danbury. $612.72, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury. Property: 5 Diamond Road, Danbury. Filed March 4.

McNamara, Donald, Stratford. $1,573.43, in favor of Portfolio ReKodz, Thomas, Monroe. $1,704.46, covery Associates L.L.C., Norfolk, Ekvall, Patricia A., Greenwich. Gogan, Timothy P., Danbury. in favor of Cach L.L.C., Denver, Va., by Joseph M. Tobin, New Hav$2,175.03, in favor of Capital One $2,630.24, in favor of Capital One Col., by Joseph M. Tobin, New Ha- en. Property: 151 Soundview Ave., N.A., Richmond Va., by Russell L. N.A., Richmond Va., by Russell L. ven. Property: 1 Turtlebrook Trail, Stratford. Filed March 6. London, Newington. Property: 30 London, Newington. Property: 13 Monroe. Filed March 5. Huested Drive, Greenwich. Filed Bittersweet Drive, Danbury. Filed March 11. March 5.

THE RECORDS SECTION IS NOW AVAILABLE BY DIGITAL SUBSCRIPTION. Go to westfaironline.com/buy/records-section/ for more information and to view a sample.

FAIRFIELD COUNTY BUSINESS JOURNAL â&#x20AC;˘ Week of March 25, 2013 27

on the record Shafi, Mohammad, Bethel. $1,523.26, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 105 South St., Bethel. Filed March 6.

Wilkes, Nancy and Edward J., Trumbull. $3,417.54, in favor of Edward Kozinn D.M.D., Bridgeport, Property: 294 Beacon Hill Road, Trumbull. Filed March 4.

Shah, Arjumand, Danbury. Meyers, David, New Fairfield. Piro, Jeanne and John, Weston. $1,831.44, in favor of Asset Ac$973.38, in favor of Danbury $1,134.27, in favor of William ceptance L.L.C., Warren, Mich., Hospital, Danbury, by Robert L. J. Fessler D.D.S., Norwalk, by by Joseph M. Tobin, New Haven. Peat, Danbury. Property: 16 Bea- Abraham M. Hoffmann, Trum- Property: 143 Clapboard Ridge ver Bog Road, New Fairfield. Filed bull. Property: 47 Old Mill Road, Road, Danbury. Filed March 6. March 4. Weston. Filed Feb. 21.

Wilson, Cindy, Stamford. $5,721.81, in favor of American Express Centurion Bank, New York City, by Joseph M. Tobin, New Haven. Property: 43 Emma Road, Stamford. Filed March 6.

Sidhu, Ramani K., Danbury. $916.99, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 32 Eastwood Road, Danbury. Filed March 6.

Yanarella, Susan, Sherman. $604.90, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury. Property: 4 Sears Drive, Sherman. Filed March 5.

Mendes, Maria, Danbury. $1,164.29, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 168 Brushy Hill Road, Danbury. Filed March 6.

Migone, William, New Fairfield. $750, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 206 Route 37, New Fairfield. Filed March 12.

Pinckney, Theresa, Danbury. $2,621.18, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 30 Stadley Rough Road, Danbury. Filed Feb. 28.

Quintela, Angelica, Danbury. $3,735.59, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 47 Alan Road, Danbury. Filed March 5.

Monroe, Rob, Danbury. $2,939.89, in favor of Capital One N.A., Richmond Va., by Russell L. London, Newington. Property: 42 Harbor Ridge Road, Danbury. Filed March 5.

Rabbitt, Paul, New Fairfield. $4,119.88, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 2 Stonebrooke Road, New Fairfield. Filed March 4.

Moscoso, Ruth, Danbury. $1,785.89, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 26 Davis St., Danbury. Filed March 5.

Rackliffe, John, Trumbull. $7,551.39, in favor of American Express Centurion Bank, New York City, by Joseph M. Tobin, New Haven. Property: 4450 Madison Ave., Trumbull. Filed March 6.

Singer, Gregory S., Norwalk. $2,616.71, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 20 Ledgebrook Drive, Norwalk. Filed March 6. Somers, Robert, Monroe. $2,592.53, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 41 Turkey Roost Road, Monroe. Filed March 4.

Zazuri, Stephen, Monroe. $2,404.76, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 37 Far Mill Road, Monroe. Filed March 4.

LIENS

FEDERAL TAX LIENSFILED

McLoughlin, Robert, P.O. Box 143, Hawleyville. $14,304.23, tax debt on income earned. Filed March 4.

Nash, Patricia J. and Robert E., 147 Thayer Pond Road, Wilton. $46,028.39, tax debt on income Asset Security Inc., 12 Lau- earned. Filed March 4. relwood Drive, New Fairfield. $4,920.60, corporation income tax return; and payroll taxes. Filed Riordan, Thomas, 41 Deer Run Road, Wilton. $22,283.44, tax debt March 4. on income earned. Filed Feb. 19. Bargas, Rose and Chris, 19 Old Dairy Road, Trumbull. $20,754.40, Rosa, Alessandra and Martax debt on income earned. Filed cos, 89 Strobel Road, Trumbull. $14,204.19, tax debt on income March 11. earned. Filed March 4. Braswell Galleries Inc., 1 Muller Ave., Building 1, Norwalk. Young, Robin E. and Robin T., $1,142.66, tax debt on income 40 Blueberry Hill Place, Wilton. $72,143.46, tax debt on income earned. Filed March 4. earned. Filed Feb. 19.

Coury, Steven E., P.O. Box 998, Ridgefield. $80,975.94, tax debt on FEDERAL TAX LIENSZera, Raymond, Stratford. income earned. Filed Feb. 25. $9,992.02, in favor of ConnectiRELEASED cut Light & Power Co., Windsor, by Nair & Levin P.C., Bloomfield. Denke, Stacey Jill and Jonn FarnProperty: 70 Brookbend Drive, ham, 79 Weston Lane, Ridgefield. Brown, Daniel P., 14 Lacey Lane, $16,817.08, tax debt on income Norwalk. $10,525.09, tax debt on Stratford. Filed March 7. income earned. Filed March 4. earned. Filed March 4.

LEASES

Pacific, Katharine, Danbury. $1,184.90, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury. Property: 1003 Bradford Drive, Danbury. Filed March 4.

Romano, Sulastri, Monroe. $2,958.90, in favor of Precision Recovery Analytics Inc., Hawthorne, N.Y., by Joseph M. Tobin, New Haven. Property: 27 Patmar Terrace, Monroe. Filed March 5.

Pappas, Valerie, Trumbull. $330, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 40 Ash Circle, Trumbull. Filed Feb. 28.

Rowan, Patricia, New Fairfield. $2,193.26, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 16 Linda Lane, New Fairfield. Filed March 11.

Perry, Marie and Roger J. Jr., New Fairfield. $6,571.80, in favor of Gaylord Hospital, Wallingford, by Karen E. Lahey, Waterbury. Property: 15 Donnelly Drive, New Fairfield. Filed March 7.

Rydzewski, Grzegorz, Norwalk. $3,536, in favor of Cavalry SPV I L.L.C., Valhalla, N.Y., by Joseph M. Tobin, New Haven. Property: 16 Shephard St., Unit 15, Norwalk. Filed March 6.

Persampieri, Josephine, Stamford. $5,119.95, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 27 Charles St., Stamford. Filed March 5.

Sanchez, Fernando, Danbury. $803.90, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury. Property: 12 Ninth Ave., Danbury. Filed March 4.

DiSanto, Lorenzo, 850 Wood Dujack, Cynthia B., 30 GermanAve., Bridgeport. $157,207.91, town Road, Danbury. $6,248.95, tax debt on income earned. Filed payroll taxes. Filed March 11. Foster & Foster L.L.C., Wilton, by Feb. 25. Eric F. Bam. Landlord: Teachers inGershman, Bonnie and Lausurance & Annuity Association of America, New York City. Property: Esposito, Lori L. and Ray, 88 Sil- rence, 192 West Lane, Ridgefield. 10 Westport Road, Second floor, ver Hill Road, Easton. $7,943.01, $48,631.62, tax debt on income Streck, Robert J., Danbury. Wilton. Term: 10 years, commenc- tax debt on income earned. Filed earned. Filed Feb. 25. March 4. $10,828.67, in favor of Barclays ing Feb. 6, 2013. Filed Feb. 27. Bank Delaware, Wilmington, Del., Irizarry, Joseph Jr., 33 Elberta by Julie B. Solomon, Albany, N.Y. Michaels Stores Inc., Irving, Goodhue, Charles F. Jr., 75 Ave., Trumbull. $14,665.42, tax Property: 55 Wildmand St., Apt. Texas, by Lance Weibye. Land- Mile Hill Road South, Newtown. debt on income earned. Filed 202, Danbury. Filed March 4. lord: Gateway Center Associates, $17,345.31, tax debt on income March 11. Boynton Beach, Fla. Property: 14 earned. Filed Feb. 19. Tomaselli, James C., Norwalk. Danbury Road, Wilton. Term: 10 Langguth, Heidi R., 10 Calumet $24,159.08, in favor of Asset Ac- years, commencing Jan. 22, 2013. Heineken, Joel, 26 Palestine Road, Road, New Fairfield. $4,059.28, Filed Feb. 26. ceptance L.L.C., Warren, Mich., Newtown. $9,310.13, tax debt on tax debt on income earned. Filed by Joseph M. Tobin, New Haven. March 12. income earned. Filed March 4. Property: 12 Ludlow Manor East, Mrs Greens of Wilton Inc., WilNorwalk. Filed March 6. ton, by Andre Samachoa. Landlord: Gateway Center Associates, Holman, Abigail S. and William Miller, Jeffrey L., 45 Fresh MeadDennis III, 10 Wild Duck Road, ow Drive, Trumbull. $3,443.85, Trepovich, Augusto, Norwalk. Boynton Beach, Fla. Property: 14 Wilton. $33,350.99, tax debt on in- tax debt on income earned. Filed Danbury Road, Wilton. Term: 10 $1,457.84, in favor of Cavalry SPV Feb. 25. come earned. Filed Feb. 19. I L.L.C., Valhalla, N.Y., by Joseph years, commencing Jan. 31, 2013. Filed Feb. 27. M. Tobin, New Haven. Property: Manor Creamery L.L.C., 255 S. Nguyen, Lynn T., 28 Tobins Court, 11 Benedict St., Norwalk. Filed March 6. Wilson Properties IV L.L.C., Main St., Newtown. $11,183.58, Danbury. $14,990.24, tax debt on income earned. Filed March 6. Wilton, by Keith M. Durocher. payroll taxes. Filed Feb. 19. Landlord: True North Chartering Vazzano, John, Trumbull. $7,584.25, in favor of Southern L.L.C., Darien. Property: .7 acre, Maultz Construction Inc., 15 Silva, Jennifer and Ayslan, 22 Connecticut Gas Co., Bridge- Map 453, Wilton. Term: Five years, Wilton Acres, Wilton. $83,330.45, E. Hayestown Road, Danbury. port, by Robert W. Lynch, New commencing Nov.15, 2012. Filed payroll taxes and quarterly tax re- $14,124.79, tax debt on income earned. Filed March 6. turns. Filed March 5. Hartford. Property: 98 Booth Hill March 4. Road, Trumbull. Filed March 11.

Sayers, Suzanne, Bethel. $942.69, in favor of Midland Funding L.L.C., San Diego, Calif., by Holly Nelen, East Hartford. Property: 53 Nashville Road, Bethel. Filed March 11.

Ware, Darryl R., New Fairfield. $1,704.50, in favor of Danbury Hospital, Danbury, by Robert L. Peat, Danbury. Property: 9 Colonial Road, New Fairfield. Filed March 6.

Stavridis, Brighid, Danbury. Neil, Susan, Trumbull. $4,389.22, Rodrigues, Jonnie, Danbury. $1,182.44, in favor of Cavalry SPV in favor of Midland Funding $2,563.90, in favor of Danbury I L.L.C., Valhalla, N.Y., by Joseph L.L.C., San Diego, Calif., by Holly Hospital, Danbury, by Robert L. M. Tobin, New Haven. Property: Nelen, East Hartford. Property: Peat, Danbury. Property: 10 Shan- 11 Thaddeus Ave., Danbury. Filed 284 Unity Road, Trumbull. Filed non Ridge Road, Danbury. Filed March 6. Feb. 25. March 4.

28 Week of March 25, 2013 â&#x20AC;˘ Fairfield County Business Journal

McDonough, Geraldine and Stephen, 25 Rocky Brook Road, Wilton. $38,988.45, tax debt on income earned. Filed March 4.

Tilford, Mitchell A., 124 Coalpit Hill Road, Unit 12, Danbury. $1,131.64, tax debt on income earned. Filed March 6.

on the record MECHANIC’S LIENSRELEASED

Alvarez, Janette D. and Frank J., et al., Wilton. Filed by Adrienne Roach, Hartford, for ING Bank FSB, Wilmington, Del. Property: 31 Telva Road, Wilton. Action: to 443 North Street L.L.C., Green- foreclose a delinquent mortgage Williams, Lincoln B., 71 Charter wich. Filed by Lakeview Estates in the original principal amount Oak Drive, Wilton. $354,383, tax debt L.L.C., by Domenic Carpenito. of $650,000, dated January 2006. Property: 443 North St., Green- Filed Feb. 25. on income earned. Filed Feb. 19. wich. Amount: $350,000. Filed March 11. Anderson, Glen, Stamford. Filed MECHANIC’S LIENSby Loren M. Bisberg, Farmington, Hawley Lane Medical Systems for Wells Fargo Bank N.A., FrederFILED Inc., Stratford. Filed by Custom ick, Md. Property: 14 Terrace Ave., Air Systems Inc., Bridgeport, by Stamford. Action: to foreclose a Blanchette, Joanne and Glenn, John J. Scianna. Property: 495 delinquent mortgage in the origiMonroe. Filed by G&H Paving Hawley Lane, Stratford. Amount: nal principal amount of $465,500, L.L.C., Shelton, by Ricky Marini. $10,769.53. Filed March 8. dated March 2006. Filed March 6. Property: 48 Pinto Lane, Monroe. Amount: $9,700. Filed March 1. Schneider, Victoria, Sherman. Babchak, Jo Ann S. and Richard Filed by Puper Septic Inc., New B., et al., Wilton. Filed by Loren M. CP72 Shore Road L.L.C., Green- Milford, by Emilio Sotil. Property: Bisberg, Farmington, for Citibank wich. Filed by Westchester Modu- 2 Short Lane, Sherman. Amount: N.A., Sioux Falls S.D. Property: lar Homes of Fairfield County $547.84. Filed Feb. 28. 188 Chestnut Hill Road, Wilton. Inc., by Paul Scalzo. Property: 72 Action: to foreclose a delinquent Shore Road, Greenwich. Amount: mortgage in the original principal Tommasino, Elizabeth and Sal$54,000. Filed March 5. vatore; and Steven E. Frankel, amount of $300,000, dated June Greenwich. Filed by O&G Indus- 2004. Filed Feb. 25. Five Hedley Farms Road L.L.C., tries, Torrington, by Paul J. Patch. Westport. Filed by Beacon Sales Property: 20 Desiree Drive, Green- Ball, Nina Dillon and Gary J., et Co., Hartford, by Matthew LeB- wich. Amount: $8,228.07. Filed al., Ridgefield. Filed by Karen J. lanc. Property: 5 Hedley Farms March 5. Lucien, Hartford, for JPMorgan Road, Westport. Amount: Chase Bank N.A., Columbus, $21,386.99. Filed March 8. Tunick Family L.L.C., Greenwich. Ohio. Property: 47 Peaceable St., Filed by Allied Speciality Group Ridgefield. Action: to foreclose a Heitin, Edward, Greenwich. Filed Inc., North Bergen, N.J. Property: delinquent mortgage in the origiby Finnocchio Brothers, Stam- 355 W. Putnam Ave., Greenwich. nal principal amount of $1.2 million, dated September 2004. Filed ford, by Thomas J. Finnocchio. Amount: $76,900. Filed March 5. Feb. 27. Property: 97 Palmers Hill Road, Stamford. Amount: $10,739. Filed March 11. Ballaro, David P., et al., Stratford. LIS PENDENS Filed by Robert N. Sensale, New Olson, Thomas, Wilton. Filed 1585 Monroe Turnpike L.L.C., Haven, for American Tax Funding by Alan J. Johnson. Property: 831 et al., Monroe. Filed by Michael P. L.L.C., Jupiter, Fla. Property: 730 Ridgefield Road, Wilton. Amount: Berman, Hartford, for UPS Capital Stratford Ave., Stratford. Action: to $9,375.47. Filed Feb. 28. Business Credit, Windsor. Prop- foreclose on unpaid tax and sewer erty: 415 Old Zoar Road, Monroe. liens. Filed March 7. Action: to foreclose a delinquent Sirico, Kathryn and Anthony, mortgage in the original principal Westport. Filed by Connelly Con- amount of $1.2 million, dated Au- Berger, Lauren Irma Yeterian and Sidney I., et al., Greenwich. Filed struction L.L.C., Fairfield, by Rog- gust 2002. Filed March 4. by Loren M. Bisberg, Farmington, er Connelly. Property: 47 Woodfor Citimortgage Inc., O’Fallon, side Ave., Westport. Amount: $17,460. Filed March 6. Adams, Terry, Stamford. Filed by Mo. Property: 45 Doubling Road, Griffith H. Trow, Stamford, for Greenwich. Action: to foreclose a Clayton and Troy Adams, Stam- delinquent mortgage in the origiford. Property: 75 Richmond Hill nal principal amount of $1.4 milMECHANIC’S LIENSAve., Stamford. Action: to settle a lion, dated September 2005. Filed PARTIAL RELEASE property dispute. Filed March 8. March 6. Ward, Michele A., 14 Middlebrook Farm Road, Wilton. $124,695.83, tax debt on income earned. Filed March 1.

Bolanos, Myriam, et al., Stamford. Filed by Adrienne Roach, Hartford, for The Bank of New York Mellon, trustee, New York City. Property: 14 Home Court, Stamford. Action: to foreclose a delinquent mortgage in the original principal amount of $506,250, dated November 2004. Filed March 5.

AP Wireless Investments I L.L.C., San Diego, Calif., by Eric M. Overman. Lender: Deutsche Bank Trust Co. Americas, Santa Ana, Calif. Property: Lot 10, Map 36, Redding. Amount: $450,000. Filed March 12.

Anne Potter Designs, 214 Black Rock Turnpike, Redding 06896, c/o Anne Potter. Filed March 12.

Buchta, Patricia D. and James C., et al., Trumbull. Filed by Kristen Boyle, Hartford, for U.S Bank N.A., trustee, Salt Lake City, Utah. Property: 181 Driftwood Lane, Trumbull. Action: to foreclose a delinquent mortgage in the original principal amount of $519,120, dated May 2006. Filed March 5.

HD Main Avenue II L.L.C., Norwalk, by Louis L. Ceruzzi Jr. Lender: Fireman’s Fund Insurance Co., Westport. Property: 380 Main Ave., Norwalk. Amount: $12 million. Filed Feb. 28.

Esposito Lawn Care and Gardening L.L.C., 5 Junebar Lane, Norwalk 06851, c/o Bernard James Esposito. Filed Feb. 28.

CJ’s Locks and Security & Bioca Painting, 20 Bradley Lane, Sandy Hook 06482, c/o Christine and Jeffrey Barto and Vincent Biocca. Commerce Holdings L.L.C., Filed March 4. Woodbury, by Dennis Bouchard. Lender: J&M Enterprises of MonBryson, Tara A. and James L. roe L.L.C., Shelton. Property: Cubas Drywall, 51 Wilton Ave., Kuretich, et al., Danbury. Filed by 24 Commerce Drive, Monroe. Apt. 2, Norwalk 06851, c/o Omar Vincent M. Marino, Orange, for Amount: $100,000. Filed March 4. Cubas. Filed March 5. Woodland Hills Association Inc., Danbury. Property: 9 Pondside Dog Daze Café, 713 Danbury Way, Homesite 8, Danbury. Ac- Five Good Eggs L.L.C., Norwalk, Road, Wilton 06897, c/o Jesse Ciby Joshua M. Hurwitz. Lender: tion: to foreclose a statutory lien Webster Bank, New Britain. pollone. Filed Feb.28. on this unit. Filed March 6. Property: 115 Technology Drive, Unit C200, Trumbull. Amount: E4Science-Alterier 10 Joint VenBryson, Tara A. and James L. $874,000. Filed March 1. ture, 27 Glen Road, Sandy Hook Kuretich, et al., Danbury. Filed by 06482, c/o William F. Murphy. Adrienne Roach, Hartford, for U.S Filed March 7. GHP Norwalk L.L.C., White Bank N.A., trustee, Salt Lake City, Utah. Property: 9 Pondside Way, Plains, N.Y., by James J. Houlihan. Danbury. Action: to foreclose a Lender: Signature Bank, Melville, Esposito Lawn Care and Gardelinquent mortgage in the origi- N.Y. Property: 83 East Ave., Nor- dening, 5 Junebar Lane, Norwalk nal principal amount of $455,220, walk. Amount: $2.3 million. Filed 06851, c/o Bernard James Esposidated August 2005. Filed March 5. March 6. to. Filed Feb. 28.

Fabricare Cleaners, 5 Holmes St., Norwalk 06851, c/o Michael Astorino. Filed March 6.

Northeast Holding Associates L.L.C., Weston, by James C. Fagen. Lender: Fairfield County Bank, Canino, Anthony and Karen, et Ridgefield. Property: 304 and 306 Five Mile River Prints, 6 Bitteral., Ridgefield. Filed by Richard Main Ave., Norwalk. Amount: $1.2 sweet Trail, Norwalk 06853, c/o Louis Killeffer. Filed Feb. 28. P. Terbrusch, Danbury, for Casa- million. Filed Feb. 27. gmo Condominium Association - Phase II Inc., Ridgefield. Prop- Pastime Athletic and Social Club Heirloom Arts Theatre, 155 Main erty: 16 Keeler Close, Ridgefield. Inc., Norwalk, by Jim Chandler. St., Unit 102, Danbury 06810, c/o Action: to claim a foreclosure. Lender: Connecticut Community Jason LaPierre. Filed March 4. Filed March 1. Bank N.A, Norwalk. Property: 59 Seaview Ave., Norwalk. Amount: Historic Handworkers, 199 $150,000. Filed March 6. Gregory Blvd., Unit E13, Norwalk MORTGAGES 06855, c/o Deborah Fasano. Filed Feb. 25.

Commercial

137 Ethan Allen Highway L.L.C., Ridgefield, by Michael Greenberg. Lender: TD Bank, Wilton. Property: 135 to 139 Ethan Allen High214 Seaside Partners L.L.C., Alesevich, Kaye E. and Nicholas Bolanos, Mario R., et al., Stam- way, Ridgefield. Amount: $1.8 milDanbury. Filed by Hector Rivera. J., et al., Trumbull. Filed for the ford. Filed by L. Morris Glucks- lion. Filed Feb. 22. Property: 214 Seaside Ave., Unit 1, town of Trumbull. Property: 235 man, Stamford, for Bellemere Greenwich. Amount: $4,560. Filed Putting Green Road, Trumbull. Condominium Association Inc., 7 Grove Street Norwalk L.L.C., Action: to foreclose tax liens lev- Stamford. Property: 11 Belltown Redding, by Pamela J. Genet, March 6. ied by the city of Trumbull. Filed Road, Unit 1, Stamford. Action: Michele A. Holmes, Elliot Barsh to foreclose on unpaid common March 6. charges and assessments. Filed and Adam J. Negri. Lender: Savings Bank of Danbury, Danbury. March 5. Property: 103 Highland Ave., Norwalk. Amount: $1.2 million. Filed March 4.

NEW BUSINESSES

AA Helpline Call Center, 5958 Main St., Trumbull 06611, c/o Chris Stapleton. Filed March 4.

Home Theater Squad, 18 Avenue C, Norwalk 06854, c/o Luis Maldonado. Filed March 5.

Integrated Health Center, 299 Accurate Media Group L.L.C., 10 Greens Farms Road, Westport Weldon Woods Road, New Fair- 06880, c/o Pramila K. Vishvanath. field 06812, c/o Candace Galante. Filed March 6. Filed March 12. Advertising Consultants, 43 Keeleis Ridge Road, Wilton 06897, c/o Frank A. Ruggiero. Filed Feb. 28.

THE RECORDS SECTION IS NOW AVAILABLE BY DIGITAL SUBSCRIPTION. Go to westfaironline.com/buy/records-section/ for more information and to view a sample.

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013 29

on the record

March 4. Adam J. Cohen, Bridgeport. Filed a.m. May 21. For inquiries contact 7 Fan Hill Road, Monroe. Time: 10 Place of sale: Monroe Town Hall, property, 10 Abbey Road, Easton. charges owed by owner(s) for delinquent taxes and/or other standing levies: $4,755.08. Action: Avidon, Vladimir, Easton. OutCohen, Bridgeport. Filed March 7. 21. For inquiries contact Adam J. Road, Monroe. Time: 10 a.m. May sale: Monroe Town Hall, 7 Fan Hill roe Turnpike, Monroe. Place of for property, 1585 to 1586 Monother charges owed by owner(s) Action: delinquent taxes and/or Outstanding levies: $223,102.69. 1585 Monroe Turnpike, Monroe.

SALE oF REAL ESTATE NoTICE oF LEVY AND NOTICES

Berthe, Elise and Robert, Monroe. Outstanding levies: $10,854.86. Action: delinquent taxes and/or other charges owed by owner(s) for property, 163 Cottage St., Monroe. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7.

Cascella, Mona and Todd, Monroe. Outstanding levies: $8,768.47. Action: delinquent taxes and/or other charges owed by owner(s) for property, 268 Garder Road, Monroe. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7.

Handsome Inc., Monroe. Outstanding levies: $11,805.80. Action: delinquent taxes and/or other charges owed by owner(s) for property, 490 Fan Hill Road, Monroe. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7.

Cascella, Mona and Todd, Monroe. Outstanding levies: $8,602.90. Action: delinquent taxes and/or other charges owed by owner(s) for property, 260 Garder Road, Monroe. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7.

Catale, Maria and Vito, Monroe. Outstanding levies: $17,539.79. Action: delinquent taxes and/or other charges owed by owner(s) for property, 257 Barn Hill Road, Monroe. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7.

Litzinger, Richard F., Monroe. Outstanding levies: $10,277.99. Action: delinquent taxes and/or other charges owed by owner(s) for property, 23 Indian Hill Road, Monroe. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7.

Cascella, Mona and Todd, Monroe. Outstanding levies: $8,555.57. Action: delinquent taxes and/or other charges owed by owner(s) for property, 264 Garder Road, Monroe. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7.

Conte, Bertha and Gregory, Monroe. Outstanding levies: $9,609.55. Action: delinquent taxes and/or other charges owed by owner(s) for property, 136 Wheeler Road, Monroe. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7.

Livingstone, Clementine, Monroe. Outstanding levies: $1,464.83. Action: delinquent taxes and/or other charges owed by owner(s) for property, 48 Sunrise Circle, Shelton. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7.

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MLS Number: sXXXXX Type: Residential Year Built: 1880 Bedrooms: 3 Bathrooms: 1.5

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Email Hdebartolo@westfairinc.com or go to westfaironline.com 30 Week of March 25, 2013 â&#x20AC;˘ FairField County Business Journal

Mason, Frank, Monroe. Outstanding levies: $11,533.55. Action: delinquent taxes and/or other charges owed by owner(s) for property, 21 Judd Road, Monroe. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7. Rydecki, Carma and Henry Jr.; and Jill Delvecchio and Susan Gail Paoletti, Monroe. Outstanding levies: $15,557.48. Action: delinquent taxes and/or other charges owed by owner(s) for property, 585 Monroe Turnpike, Monroe. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7.

Tierney, Michael J.P. Estate, Monroe. Outstanding levies: $24,193.31. Action: delinquent taxes and/or other charges owed by owner(s) for property, 39 Valley View Road, Monroe. Place of sale: Monroe Town Hall, 7 Fan Hill Road, Monroe. Time: 10 a.m. May 21. For inquiries contact Adam J. Cohen, Bridgeport. Filed March 7.

Controlling an order slicer for trading a financial instrument. Patent no. 8,392,319 issued to Peter Hansen, Stamford; Lars Kragh, Stamford; and Nicolay Landmark, Stamford. Assigned to NYFIX Inc., New York City, N.Y.

Data source independent interface for an electronic bill presentment and payment system. no. 8,396,797 issued to RESALE CERTIFICATES Patent Richard M. Wagner, South Hadley, Mass.; and William D. Clarke, Bishop Meadows Association Florence, Mass. Assigned to Pitney Inc., Stamford, can be obtained Bowes Inc., Stamford. from Imagineers L.L.C., 635 Farmington Ave., Hartford 06105. Footbed system and footFiled March 5. ware construction. Patent no. 8,393,092 issued to Panagiotis Regency at Ridgefield Con- Georgoulakis, Stamford. Assigned dominium Association Inc., to Nine West Development Corp., Ridgefield, can be obtained from Wilmington, Del. Sequoia Management Corp., 666 Lexington Ave., Unit 207, Mount Geographic based remote conKisco, N.Y. 10549. Filed Feb. 22. trol. Patent no. 8,395,477 issued to Scott Ramsdell, Charlotte, N.C. Seir Hill Gardens Condominium Assigned to Time Warner Cable Association Inc., Norwalk, can be Inc., Stamford. obtained from Imagineers L.L.C., 635 Farmington Ave., Hartford Method and apparatus for bonus 06105. Filed Feb. 28. round play. Patent no. 8,393,957 issued to Jay S. Walker, Ridgefield; Soundview Towers, 50 Glenbrook James A. Jorasch, Stamford; and Road, Stamford, can be obtained Russell P. Sammon, San Francisco, from Consolidated Management Calif. Assigned to IGT, Reno, Nev. Corp. Inc., 1555 Post Road East, Westport 06880. Filed March 11. System and method for an electric gift key. Patent no. 8,396,754 Village Walk Condominium As- issued to Christopher P. Dooley, sociation Inc., Wilton, can be ob- New Canaan; Loren Taylor, Chatained from Imagineers L.L.C., 635 tham, N.J.; and Paul S. Nielsen, Farmington Ave., Hartford 06105. Saratoga Springs, N.Y. Assigned to Product Spring L.L.C., New Filed Feb. 19. Canaan. Willowbrook Court Condominium Association Inc., Stamford, can be obtained from c/o Roberta Flemming, 1 Willowbrook Court, Stamford 06902. Filed March 11.

Wilton Crest II Condominiums, 1 to 77 Wilton Crest, Wilton, can be obtained from the Property Group of Connecticut Inc., 25 Smith Brothers Woodland Crescent St., Stamford CT 06906. Management L.L.C., Brookfield. Filed March 8. Outstanding levies: $42,264.67. Action: delinquent taxes and/or PATENTS other charges owed by owner(s) for property, 892 Main St., Monroe. Place of sale: Monroe Town Bottle. Patent no. D677,575 issued Hall, 7 Fan Hill Road, Monroe. to Mary Barnard, Darien; Patrick Time: 10 a.m. May 21. For in- Finlay, New Fairfield; and Matquiries contact Adam J. Cohen, thew T. Gill, York, Pa. Assigned to Bridgeport. Filed March 7. PepsiCo Inc., Purchase, N.Y.

System and method for modeling higher dimension color response. Patent no. 8,395,815 issued to Martin S. Maltz, Rochester, N.Y. Assigned to Xerox Corp., Norwalk. System for maintaining a cache of printer-readable prioritized content. Patent no. 8,395,794 issued to Robert St. Jacques, Fairport, N.Y. Assigned to Xerox Corp., Norwalk.

Transfer belt lateral position control apparatus and method. Patent no. 8,396,405 issued to Joseph M. Wing, Ontario, N.Y. Assigned to Xerox Corp., Norwalk.

Business ConneCtions Economy

IssuEs & PolIcIEs

January Jobs Report: “Long Way to Go”

Lawsuits Will Climb with Labor Committee Bills

anuary brought a glimmer of hope for Connecticut’s long, slow recovery from recession, with the state adding 4,700 jobs to begin the New Year.

“We’ve only recovered 52,600 jobs that we lost during the recession and that’s a recovery rate of only 43%,” Gioia said.

And the unemployment rate fell one-tenth of a point, to 8.1%, the lowest in seven months, according to the state Department of Labor’s monthly employment report.

“So despite the good news in this latest report, we still have a long way to go.” Andy Condon, the labor department’s research director, said the January report showed Connecticut’s economic recovery was “more on track” with the national trend than previously thought. “Job gains in January, along with a continuing decline in Connecticut’s unemployment rate, are good news,” he said. “While the job recovery rate remains too slow to drive down our unemployment rate to more acceptable levels, it is much more in line with national trends.” Four of the state’s six labor market areas registered gains, led by the 2,300 positions added in Hartford-West Hartford-East Hartford.

The agency also released revised figures for 2012, reporting modest job gains for the year instead of the slight losses it initially reported. CBIA economist Pete Gioia treated the latest figures cautiously, noting that the recession’s impact still lingers in the state.

Bridgeport-Stamford-Norwalk gained 1,200 positions, with Danbury and Norwich New London adding 200 apiece. New Haven lost 800 positions and Waterbury lost 500. ➤ Read more at gov.cbia.com

CBIA’s 2013 Compensation & Benefits Conference Plenary Sessions f What PPACA Means for Employers (Nancy D. Lapera, George J. Kasper, Elliott B. Pollack and Jonathan B. Orleans, Partners, Pullman & Comley, LLC) f There Is No ‘Merit’ in Base Pay Merit Increases (John A. Rubino, President of Rubino Consulting Services) Breakout Sessions f Congress and Your 401(k)/403(b): What’s in Store (Richard Sych, President and Consulting Actuary, Hooker & Holcombe Companies) f Pay for Performance, Retention, and Engagement (Mark Szypko, CCP, GRP, Managing Director, Compensation at Kenexa, an IBM Company) f The Smartphone & the Benefits Manager: The Changing Face of Benefits Communication (Mike Shepherd, Senior Consultant, Towers Watson)

f Making Sure Benefit Plans Comply with Government Regulations (Nancy D. Lapera, Partner, Ira D. Reifer, Associate, Lori L. Underberger, Counsel, Pullman & Comley, LLC) f Get the Most Out of Your Sales Force with the Right Compensation Plan (Marc Wallace, Date Vice President, Wednesday National Sales Leader, April 10, 2013 Hay Group) Time f Focusing Your Healthcare Strategy (John O’Connell, President, C.M. Smith Agency) f Optimizing Executive Incentive Plans (Jason Adwin, Vice President, Sibson Consulting, a Division of Segal)

State law already prohibits employers from using an individual’s erased criminal history. Enforced by the Department of Labor, the law protects employees and job candidates—and it prevents disgruntled former employees and people and people angry they were not hired from bringing frivolous lawsuits against employers engaged in good faith hiring practices. Creating the private right of action through SB 908 could lead to expensive lawsuits with innocent businesses being forced to defend themselves against meritless legal claims. With the cost of litigation so high, employers suffer financial loss even when they win the case.

Under the bill, employers would have to comply within three days of an employee’s request, and within 10 days for a former employee’s request. The problem with imposing timelines in this statute is that it makes the rest of the law problematic. Here’s why: f An employer would violate the law if they do not allow for inspection and copying of personnel files within three or 10 days from the day they received a written request by an employee or former employee—but there’s no way to establish when the employer actually “received” the written request. f Nor is there a way to identify who should be receiving the request—it could be delivered onto the desk of someone unaware of the case or the deadlines.

8:30 am–3:30 pm Place Crowne Plaza 100 Berlin Rd. Cromwell Cost CBIA members, $95 nonmembers, $130 Register cbia.com/events

SB 908 allows an employee who was terminated, or a prospective employee that was not hired, to bring a lawsuit against an employer if they believe the sole reason for the employee’s termination or failure to get the job is because the employer relied on an erased criminal history.

SB 910 attempts to reform the personnel file statute and calls for strict—and very short—deadlines for employers to comply with an employee’s or former employee’s request to inspect and be provided a copy of his or her personnel file.

Scan to RegiSteR

EvEnts

wo proposals in the Labor Committee will drum up more business for legal groups but give employers and human resource professionals more headaches.

f In many cases, employee documents are stored in off-site facilities that are prohibited from accessing the documents. f Small businesses also don’t have dedicated HR staff, which makes complying with requests in a short timeframe difficult. ➤ Read more at gov.cbia.com

FAIRFIELD COUNTY BUSINESS JOURNAL • Week of March 25, 2013 31

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