January 4, 2010
Yoav M. Cohen is investment banker on new acquisition for Stark Business Solutions, Inc.
White Plains, NY & New York, NY -- (January 4, 2010) -- Stark Business Solutions, Inc., which offers premium turn-key, flexible executive offices and virtual office services for successful professionals and entrepreneurs, has acquired certain business center assets of Lincoln Suites, Inc. located at One Grand Central Place (formerly known as The Lincoln Building) at 60 East 42nd Street. This represents Stark’s first New York City location.
Lincoln Suites occupies over 24,000-square-feet (two full tower floors) in the heart of New York City, with in-building access to Grand Central Terminal, providing quick and convenient access to anywhere in the City. The 55-story office tower recently underwent an $85 million renovation. In addition to a first-rate building with a magnificent lobby, clients enjoy unobstructed views of Manhattan from the tower’s 46th and 47th floors.
With the addition of Lincoln Suites, Stark adds another impressive office location to its 58,000 total square-feet of premium executive office suites in White Plains, Scarsdale Village, Mount Kisco and Harrison locations. Stark’s Manhattan location will offer many of the same amenities found in its Westchester locations, including premium full-time and virtual office options, multiple conference room venues and state-of-the-art technology including a complete fiber-optic solution.
Since its establishment in 2004, Stark has grown significantly. Stark currently has more than 300 clients, and has experienced a 25% increase in revenues in 2009.
“Expanding to New York City was a strategic decision that we know will greatly benefit our Westchester clients, many of whom frequently conduct business in the City and will take advantage of the added services, including a desirable Manhattan phone number, address and meeting space,” said Adam Stark, president of Stark Business Solutions. “At the same time, we believe our solution will enhance the strong offering that Lincoln Suites clients are currently receiving by providing them with advanced technology and enhanced service offerings. We look forward to building on the solid foundation of Lincoln Suites and believe its clients are an excellent addition to the Stark community.”
Peter Rosten, president of Lincoln Suites, said: “In the past several months we considered many companies to partner with. We are confident that we made the best decision for our clients and our brand by selecting Stark Business Solutions. The quality and professionalism that Stark represents will position Lincoln Suites and its clients to thrive.”
Ben Blumberg, Partner and Executive Vice President, Stark Business Solutions, said: “Stark is more than just customizable office space. We strive to create a community in which successful professionals and entrepreneurs can network, build relationships and grow their business. The Lincoln Suites and Stark cultures are similar and we are excited to see the synergies between them.”
Yoav M. Cohen of NYC Advisors, LLC was the investment banker on this deal.
The Stark Office Suites in Scarsdale Village is located at 2 Overhill Road. The Stark Office Suites in White Plains is located at 445 Hamilton Ave. The Stark Office Suites in Mount Kisco is located at 100 South Bedford Road. The Stark Office Suites in Harrison is located at 500 Mamaroneck Avenue. Stark Office Suites in Manhattan is located at One Grand Central Place, 60 East 42nd Street. For additional information, call 914.428.0500, 212.697.1400 or visit www.StarkBusinessSolutions.com.
About Stark Business Solutions: Stark Business Solutions enables entrepreneurs and professionals to establish and maintain a polished professional image without the cost and commitment of a traditional office and staff. Stark offers premium turn-key full-time and virtual office options, multiple conference room venues and state-of-the-art technology including a complete fiber-optic solution. All Stark Office Suites are conveniently located close to major area highways and Metro-North train stations. Stark operates five premium office suites including one location in Manhattan at One Grand Central Place as well as four Westchester locations in White Plains, Mount Kisco, Harrison and Scarsdale Village.
May 2009
Local Business Thrives in a Down Economy - NYC Advisors, LLC Invests in Stark
Westchester County, NY (PRWEB) May 4, 2009 -- Stark Business Solutions, Inc., which offers premium turn-key, flexible executive office suite solutions for entrepreneurs and professionals, has expanded its Harrison location by 2,183-square-feet, bringing the total to nearly 14,000-square-feet. In all, there are more than 200 office suites and workstations in more than 58,000-square-feet at all of Stark's locations throughout Westchester County. As part of this expansion, Stark is installing a complete fiber optics solution in all its locations.
The Stark Office Suites of Scarsdale, which opened on February 1, has filled more than 50 percent of its office space. Clients represent such industries as hedge funds, private equity, asset management, family office and consulting.
"The changing face of the business environment in our current economic climate has created a demand for flexible office space and services. Part of the demand for space at the Stark Office Suites is the variety of options we offer to professionals," said Adam J. Stark, president of Stark Business Solutions. "We grow with our clients and help them adapt to their changing needs."
To support Stark's future expansion, NYC Advisors, LLC, became an investor in the company. Yoav M. Cohen, Managing Partner & CEO of NYC Advisors, and Ella Scheinwald, Managing Partner, will work with Stark to formulate a strategic plan for the company's continued growth.
"As a client for many years, we are pleased to partner with Stark Business Solutions and help it build upon its substantial successes," said Cohen.
This year marks Stark Business Solutions' fifth anniversary.
About Stark Business Solutions: Stark Business Solutions enables entrepreneurs and professionals to establish and maintain a polished professional image without the cost and commitment of a traditional office and staff. Stark Business Solutions operates four executive office suites in Westchester: White Plains, Mount Kisco, Harrison and Scarsdale. All Stark Office Suites are conveniently located close to major area highways and Metro-North train stations.
The Stark Office Suites of White Plains is located at 445 Hamilton Ave. The Stark Office Suites of Mount Kisco is located at 100 South Bedford Road. The Stark Office Suites of Harrison is located at 500 Mamaroneck Avenue. The Stark Office Suites of Scarsdale is located at 2 Overhill Road. For additional information, call 914.428.0500 or visit www.StarkBusinessSolutions.com.
May 2008
NYC Advisors successfully launches new seminars
NYC Advisors successfully launches the first series of seminars on the subject of “Time or Lack Thereof…” . The series will expand to different venues, and a waiting list has already been established. NYC Advisors will develop other topics of interest.
April 2008
Ella Scheinwald presents business forums on coaching techniques
Ella is invited to give presentations for various business forums on her coaching techniques which empower managers, independent professionals and executives and allows them to be more efficient, help them create better dynamics, define clear objectives and strategies, improve communication skills, create higher income for themselves and have a greater impact and fulfillment in their endeavors.
March 2008
Ella Scheinwald featured in Westchester Business Journal
Ella was featured in the Westchester Business Journal as a leading working business woman in Westchester, NY, and was honored in the Wow (Working Women of Westchester) event.
May 2007
Northern Westchester Shelter
Ella Scheinwald has led this pro bono project to serve as a national pilot model for not-for-profit organizations. She oversaw the project with management, logistics and strategy, and served as mentor coach for coaches and senior management personnel.
October 2006
Coaching at the Women's Enterprise Development Center
Ella Scheinwald provided pro-bono coaching for entrepreneurs at the Women's Enterprise Development Center in New York.
August 2006
NYC Advisors opens Tel Aviv office
NYC Advisors expands Coaching Services to Tel Aviv to provide Israeli based clients personalized services.
June 6, 2005
Consultancy focusing on businesses closer
to home
NYC Advisors'
Yoav Cohen featured in the June 6, 2005 edition
of the Westchester Business Journal. View the
article.
April 22, 2005
Local Executive Accredited To Serve Businesses in the Westchester/Fairfield
Area
WHITE PLAINS, NY – Westchester businessman Yoav M. Cohen
of NYC Advisors, LLC has received accreditation by the Institute
for Independent Business (IIB). Mr. Cohen’s mission will
be expanding the Institute’s presence in Westchester
and the surrounding counties.
“We are delighted to have an executive of Yoav’s caliber joining our leadership team for the Westchester/Fairfield area. His accreditation is a key step in our initiatives,” said Eric Leaman, Managing Director at IIB’s USA headquarters in Parsippany, NJ. “Yoav will be a particularly valuable advisor to the Westchester/Fairfield business community. For the last 4 years he has been working as a business consultant to some of New York/New Jersey most successful companies.”
“The Institute’s accreditation means a lot to my clients”, said Mr. Cohen. “Besides the prestige, my relationship with the IIB will provide my clients with a depth of resources that other business advisors simply cannot offer. I now have access to top-level executives around the world. With resources like that I can assist my clients with any issue or challenge they may be facing.”
Established in 1984 in the UK, the Institute is an international, not-for-profit, business support organization. Its purpose is to bring timely and practical advice to independent business owners. It is the largest global organization of its type with over 2,500 senior Executive Associates accredited to serve business owners. The IIB provides mentoring and business advice as well as access to a wide range of expertise and services, including angel and venture funding, banking/financing, human resources, sales and marketing, organization and management, quality and ISO 9000, business valuations, mergers and acquisitions, succession planning and exit strategies.
Business owners may take advantage of a free meeting with one of the Institute’s Executive Associates. For further information, or to get a free executive assessment, contact Yoav M. Cohen at 914-285-9779, or via email at yoavcohen@iib.ws
February 13, 2004
Private investors snag controlling stake at Ecoboard
Long Island
Business News
by BEN ABELSON
FARMINGDALE - Ecoboard Holdings Inc., a privately held Long Island manufacturer of plastic lumber, has raised about $750,000 from a group of private-equity investors who purchased a controlling stake in the company.
A two-time presenter at the Long Island Capital Alliance's annual venture capital forum, Ecoboard, which has been in operation for about 10 years, manufactures so-called "wood alternatives," most often used in a variety of outdoor applications such as decks, bridges and piers - where traditional lumber would not stand up to the wear and tear imposed by the surrounding environment.
The bulk of the investment, about $425,000, came in the form of a preferred stock purchase from Danbury, Conn.-based private equity firm Crestwood LLC, which has acquired a controlling interest in the company, according to Neil Kaufman, managing partner of Uniondale-based Kaufman & Associates. He is also counsel to Ecoboard. The remainder of the funds came from about 15 or 20 other investors, said Kaufman, who also received preferred stock.
"With the deal, the company has gotten complete relief from its debt and three-quarters of a million in new funding, which has essentially re-capitalized Ecoboard to finance it for growth," said Kaufman. "At the same time Crestwood also brought in two new executives who will assist President Tony Conte from a management standpoint."
One of those executives, Yoav M. Cohen, operates Pocantico Group LLC, a Chappaqua-based turnaround company, and invested about $50,000 in the company.
"Basically, we did some research on the industry, and we believe that the demand for recycled plastic lumber is going increase in the next few years," Cohen said. "There are a lot of issues with pressure-treated wood, and we see that a lot of companies are moving toward plastic combined with wood, or just plastic by itself."
The new funding, Cohen said, will allow Ecoboard to increase its manufacturing capabilities. He noted that the company generated about $200,000 in sales in January and expects to increase monthly revenue to $500,000 within "six to nine months."
Most of Ecoboard's products are sold to government contractors and to distributors and lumberyards throughout the country, Cohen added.
Ron Nizan, president of Crestwood, was also brought in as co-chairman of the company, Cohen said.
"To top it all off, it's a manufacturing company that does all of their manufacturing on Long Island," Kaufman said. The area's manufacturing sector has been declining steadily over the past 50 years, thanks to the region's high cost of living and the diminishing presence of the former Grumman Corp. (now a unit of Los Angeles-based Northrop Grumman Co.).
Earlier this week, Long Island Capital Alliance Chairman Jeffrey Bass, also a principal in Garden City-based accounting firm Margolin, Winer & Evens, revealed that two former presenters at LICA's annual forum had received funding.
Mineola-based Consolidated Billing Solutions, an electronic bill processor, received a $500,000 investment from Century Direct, a Queens-based printing company, and is in the process of arranging additional financing. In addition, Bass said, Farmingdale-based Motion Imaging Inc., which manufactures 3D posters, was in the process of securing funding from an unnamed source.