Crain's New York Business back issues from September 2007:
One disastrous summer; Around the city, affected businesses struggle to reopen, face major expenses.(News)
Sep 03, 2007 ... Byline: Amanda Fung As many New Yorkers reluctantly bid the summer farewell, thousands of businesses can't wait to put the season's havoc behind them. Many of them have yet to recover from a series of random disasters, from the steam pipe explosion in July to the Brooklyn ...
Quarterback goes wide; New co-host in Imus' former slot will cover broad topic range but keep it clean.(Business Lives)(WFAN-Radio appointed Boomer Esiason and Craig Carton)
Sep 03, 2007; ... Byline: Matthew Flamm After 14 years in the National Football League and 10 years as a sports commentator, Boomer Esiason is ready to show the world he isn't just a jock. Starting Tuesday, Mr. Esiason--alongside controversial talk veteran Craig Carton--gets to sound ...
All REITs get roughed up in mortgage meltdown; Even those with no subprime risk are hit; some stressed before turmoil.(Real Estate Report)
Sep 03, 2007 ... Byline: Hillary Chura Though sl green Realty Corp., a real estate investment trust that owns more Manhattan office space than any other single landlord, has no exposure to subprime residential loans, its stock was downgraded two weeks ago by a UBS analyst. The ...
NY's credit crisis: Wait 'til next year.(Viewpoint)
Sep 03, 2007 ... Byline: Greg David New york seems to be in a state of endless suspense. The city is transfixed by headlines reporting on the crisis in the credit markets. Wall Street traders claim that they have never seen a situation this bad. But the stock market has steadied. Apart from the ...
Down-home's ups and downs; 2 hearty spots serve tasty meat, chicken; no Southern comfort at Justin's place.(Business Lives)
Sep 03, 2007; ... Byline: Bob Lape What could be more fitting for an all-American holiday than tastes of Texas, Montana and Mississippi? Here are three Manhattan restaurants where "down home'' is the idea. They are casual, loud, open every day and far more beer-focused than ...
Should i buy an iPhone?(Business Lives)
Sep 03, 2007 ... If you want everything in one device, the iPhone is for you. You can leave everything else at home. But it is not yet a viable choice for business users. No matter how good the iPhone's virtual touch-screen keyboard is, it will never be more effective for composing e-mail than a ...
LOANS REJECTED.(News)(New York, New York. Department of Small Business Services)(Brief article)
Sep 03, 2007 ... Few businesses have turned to loans for relief. So far, the city's Department of Small Business Services has approved 52 zero-interest loans totaling $426,100. The U.S. Small Business Administration says only three companies have ...
The Weeks Ahead.(Calendar/Datebook)
Sep 03, 2007 ... Byline: adrianne pasquarelli this week's events september 4 Gold Place Network holds networking reception. 6:00 p.m. to 8:30 p.m. Cafe Metro, 14 E. 42nd St., lower level. Fee: $20. (212) 465-8080. september 6 Brooklyn Chamber of ...
Executive Moves.(Business Lives)
Sep 03, 2007 ... Byline: adrianne pasquarelli accounting & consulting Aon Risk Services: Robert Beyers, 45, joined as managing director, aviation practice. He had been a managing director at Marsh. Peter Schmitz, 46, joined as managing director, aviation practice. He had ...
Picture perfect.(Business Lives)(Hai knafo)(Brief article)
Sep 03, 2007; ... Byline: adrianne pasquarelli Hai knafo, 60, draws dots. Over the past 25 years, he has made hundreds of "hedcuts,'' the signature illustrations of The Wall Street Journal. The Moroccan-born artist works from his home in Windsor Terrace, Brooklyn. He declines to discuss his ...
NYSE turns on to tech; Starts creating, selling systems as trading business flags.(News)
Sep 03, 2007 ... Byline: AARON ELSTEIN As floor traders clad in jackets and ties vanish from the New York Stock Exchange, they are being replaced by people like Sam Johnson, a tech whiz kid who goes about his business wearing jeans and cowboy boots. Mr. Johnson is helping to lead ...
By the Numbers: Scene setters.(News)
Sep 03, 2007 ... TV production in New York City is booming. Here are some of ...
ARTICLE REPRINTS FROM CRAIN'S.(Real Estate Report)
Sep 03, 2007 ... Crain's new york business offers reprints of published articles. To get an estimate, contact Dana Warfel at Reprint Management Services, (717) 399-1900, ext. 118, or ...
New rules crimp commercial deals; Loans are being renegotiated, but some sidelined cash may fill gap.(Real Estate Report)
Sep 03, 2007 ... Byline: Diane C. Hess On the same day in late July when the Dow Jones Industrial Average plunged 312 points amid the subprime mess, mortgage broker Scott Singer locked in the interest rate on his 22nd commercial real estate deal of the year. But this deal went off ...
Stadium,mall lure investors to Bronx; Planned housing, retail, offices ride Yankees' coattails; too much, too fast?(Real Estate Report)
Sep 03, 2007 ... Byline: Fran Hawthorne The neighborhood around River Avenue and Gerard Avenue, just off the Major Deegan Expressway in the South Bronx, is hardly the kind of place that attracts visitors or business travelers. The gritty area is home to a restaurant supply company, a warehouse, ...
Morgan Stanley may be best of lot on Wall Street; Investment bank not expected to be hurt much in credit crunch.(In the Markets)
Sep 03, 2007 ... Byline: Aaron Elstein There's no doubt that summer was a bummer at Morgan Stanley. The credit crisis roiling Wall Street took a steep toll on investment banks. Indeed, later this month, Morgan Stanley will probably post its first quarterly earnings decline since Chief Executive ...
Optician, eatery find red-hot sites; 2 firms take spots in Hell's Kitchen; jeweler reaps Queens' rewards.(Real Estate Report)(stway Vision Inc. is relocating)(Il Melograno's new lease)(Unique Settings of New York Inc's expansion)
Sep 03, 2007; ... Two businesses, one already in Hell's Kitchen and the other a newcomer, plan to open on 10th Avenue between West 51st and West 52nd streets. After spending 15 years on Ninth Avenue, optical outlet Westway Vision Inc. is relocating to 1,000 square feet at 756 10th Ave. Owner ...
Groups focus on book value; Locals take reading clubs beyond Oprah, bonding over career growth, literature, the immigrant experience.(Business Lives)
Sep 03, 2007; ... Byline: TOM FREDRICKSON By day, andy palacio is an assistant district attorney in Brooklyn. By night, he reads books about the immigrant experience, looking forward to the one precious night a month he can discuss them with kindred spirits. While book clubs in most ...
Lawyers tussle over retirement age; Some top local firms reconsider policies as ABA pans mandates.(News)
Sep 03, 2007; ... Byline: Hilary Potkewitz The american bar association's denunciation last month of mandatory-retirement policies at law firms has sent a ripple through many of New York's top firms--more than half of which show partners the door at ages ranging from 60 to 70. The ...
Condo-crippling crunch; Lenders tighten terms for developers as turmoil spreads; some deals ditched.(Real Estate Report)
Sep 03, 2007 ... Byline: Andrew Marks Last month, Amir Yerushalmi, president of Manhattan-based Vision Group, learned firsthand how the turmoil in the credit markets is affecting residential development in and around the city. The day before he was to close on a $9 million loan with ...
Hot Jobs.(Business Lives)
Sep 03, 2007 ... Byline: kira bindrim WANTED: chief financial officer COMPANY Ann Taylor Stores Corp. JOB DESCRIPTION Oversee financial operations at the clothing retailer MOST IMPORTANT TASK Revive underperforming brands CREDENTIALS NEEDED Proven ...
CORRECTIONS.
Sep 03, 2007 ... The source of the material in the Page 1 chart about office leasing in the Aug. 27 issue was CB Richard Ellis. Architecture firm Simplex Studio, based in Manhattan, chose the sustainable methods and materials used in the construction of the ...
CUNY adds dorms to its course list; First residence at City College a big hit; lures students from outside of city.(News)(City University of New York)
Sep 03, 2007; ... Byline: Samantha Marshall Starting school wasn't scary for 17-year-old Hunter College freshman Grace Zinnel. But finding a place to live in the city was so daunting that the media arts major almost switched schools--until she landed a coveted spot in The Towers, a year-old ...
The Plaza delays reopening until '08; Construction woes; questions loom on rehiring workers.(News)
Sep 03, 2007 ... Byline: Lisa Fickenscher The much-anticipated reopening of The Plaza hotel has been pushed back until next year, dashing a plan to celebrate the hotel's 100th anniversary in grand style. "Oct. 1 is such a significant date for us,'' says the hotel's general manager, ...
For building tracker, slow growth pays; Real estate publisher Yale Robbins outlives many rivals.(Small Business)(Company overview)
Sep 03, 2007 ... Byline: Steve Garmhausen In the past decade, a number of Web-based publishers established to provide data to a booming real estate market have gone bust. High-profile outfits, including Zethus and Dow Jones & Co.'s Teleres, devoured millions of dollars on their way to an early ...
LOWER DEMAND, LOWER PRICES.(Real Estate Report)
Sep 03, 2007 ... So far, condo prices in New York have held their ground while those in other markets around the country have declined. That could be changing soon. Consumers will be facing stricter lending standards, meaning that fewer buyers will qualify for mortgages. As a result, demand will ...
WNBC's 7 p.m. news bid to shake up market; Low-rated Live at 5 is history as station puts entertainment program in its place.(News)
Sep 03, 2007 ... Byline: Matthew Flamm Conventional wisdom holds that changing news-watching habits is like turning around a battleship. Hoping that metaphor is outdated, WNBC is about to attempt that change at the speed of a Jet Ski. On Sept. 10, Channel 4 will break new ground by ...
The Insider.(Briefs)
Sep 03, 2007 ... Byline: Erik Engquist and Anne Michaud DiNapoli makes contact upstate Calls may be increasing to overhaul governance of New York state's $155 billion pension fund, but that isn't deterring State Comptroller Thomas DiNapoli (left) from making controversial moves. ...
QUIXOTIC? Freshman fights bigwigs.(Briefs)(Tishman Speyer)(Jerry Speyer and Sheldon Solow)(Brief article)
Sep 03, 2007 ... East Side Councilman Dan Garodnick is battling two titans of New York real estate: Jerry Speyer and Sheldon Solow. Mr. Speyer's company, Tishman Speyer, has drawn the freshman's ire by cracking down on tenants in Stuyvesant Town and Peter Cooper Village suspected of having a different ...
New York, New York.(Briefs)
Sep 03, 2007 ... Byline: edited by Valerie Block Beach blanket babes on a bus Hawaiian tropic zone, the Times Square eatery owned by the Riese Organization, boasts celebrity chef David Burke, decor from renowned architect Jeffrey Beers and waitresses--er, "table ...
Revisit Medicaid amnesty.(Viewpoint)
Sep 03, 2007 ... Last week, Attorney General Andrew Cuomo announced another in a series of indictments of individuals who are charged with bilking New York's poorly monitored Medicaid program. In this case, it was for home health care services. State Comptroller Thomas DiNapoli took aim at another problem ...
Hellacious August for jobs in the mortgage sector; 10,000 local positions lost as units close; employees expect more cuts, start looking.(News)(Brief article)
Sep 03, 2007; ... Byline: Kira Bindrim The fallout from the mortgage crisis has claimed thousands of local jobs. "So far we've seen triple the number of cuts in the mortgage area that we saw last year, and it's only August,'' says Chief Executive John Challenger, chief executive of ...
NYC's cutting edge; Fashion Week spotlights key role of garment district; area's future in doubt.(News)
Sep 03, 2007 ... Byline: Elisabeth Butler Cordova Workers at R&C Apparel Corp. on West 38th Street were busy pressing accordion pleats into a line of Marc Jacobs shirts last week when another designer walked in carrying a brown paper bag full of fabric. "Can you do quarter-inch box ...
School merger could help high tech; NYU-Polytechnic merger would boost engineering sector.(News)(New York University)(Polytechnic University )
Sep 03, 2007; ... Byline: Amanda Fung The proposed merger of New York University and Polytechnic University would give the city's high-tech industry a much-needed boost, says a policy brief by the Center for an Urban Future, a Manhattan think tank. "New York doesn't have a reputation ...
One lender demands skin in the game; For Palisades Financial, equity is critical.(Real Estate Report)(William procida)(Interview)
Sep 03, 2007; ... William procida, 45, is the founder of Palisades Financial, a real estate investment and advisory firm in Fort Lee, N.J. In the past 12 years, Palisades has financed more than $2 billion worth of commercial and residential projects, mostly for middle-market companies in the New York area ....
Investors snap up Tiffany's shares as stores run rings around 2006 results.(In the Markets)(Tiffany & Co.)(Brief article)
Sep 03, 2007; ... Byline: Robert Hordt Tiffany continues to prove that it is the gold standard among luxury retailers. It surprised investors last week when it reported that second-quarter same-store sales were up 17%, including a 31% jump at the company's flagship store in Manhattan. More ...
WHAT DO YOU THINK OF ILLINOIS SEN. BARACK OBAMA AS A PRESIDENTIAL CANDIDATE? CRAIN'S ONLINE POLL.(Viewpoint)
Sep 03, 2007 ... Most of the 1,014 respondents aren't ready to get on the Obama bandwagon. Two in five say he doesn't have enough experience; ...
FREE TRIALS OF ONLINE NEWSLETTERS.(Real Estate Report)
Sep 03, 2007 ... Crain's offers readers free two-week trial subscriptions to its online newsletters, Crain's Health Pulse and The Crain's Insider. Pulse deals with the business of health care. It gives details on mergers, contracts, executive appointments, regulatory actions and legislative ...
HOSTS SOUGHT FOR HIGH SCHOOL GROUPS; exploring careers.(Real Estate Report)(Greater New York Councils Exploring program )(Brief article)
Sep 03, 2007 ... The Greater New York Councils' Exploring program is seeking businesses to host educational sessions offering high school students the opportunity to explore various industries and make better decisions about possible career choices. The Exploring program puts together groups of ...
At Deadline.(Late News)
Sep 03, 2007 ... Even though the organizers of Fashion Week have been searching for a new home for the past year, insiders say the twice-annual event will remain at Bryant Park for at least two more years. (See related story on Page 3.) The sources also say that one potential site under discussion is a ...
powering up Pols go high-tech.(Briefs)(political campaigns by Jonathan Bing, Anthony Weiner, Tom Duane )
Sep 10, 2007 ... Assemblyman Jonathan Bing doesn't go door-to-door to meet his midtown constituents. Not because he's lazy; he just can't get past the doormen. So he meticulously collects e-mail addresses and dispatches a monthly electronic newsletter. "I can communicate with thousands of people,'' he ...
At Deadline.(Late News)
Sep 10, 2007 ... Tenants at One Liberty Plaza, directly across the street from the site of the Sept. 11 commemoration ceremony, are being asked to avoid deliveries and minimize car service pickups because of limited vehicle and pedestrian access in the immediate area around Zuccotti Park and lower ...
Back to the office; Plans for condo conversions halted as market weakens, credit crunch hits.(News)
Sep 10, 2007 ... Byline: Theresa Agovino The building at 216 W. 18th St. was on the verge of being swept up into a Manhattan real estate trend until Harry Jeremias purchased it three months ago. Like scores of other office towers, it was slated to be converted into a residential ...
Little black dress copyright; Designer protection against knockoffs faces uphill fight.(News)
Sep 10, 2007 ... Byline: Hilary Potkewitz Can the little black dress be copyrighted? While most people at Fashion Week are gawking at the runways, the industry's legal minds are wrestling with that question in light of a federal law to protect fashion designers from cheap imitations. ...
New Yorkers hail Verizon cable option; Poll: Many would switch providers if they could; brand enjoys positive image.(News)
Sep 10, 2007 ... Byline: Amanda Fung If given the opportunity, Verizon Communications Inc. would have a good chance of penetrating the cable television market in New York City, according to a Crain's New York Business poll. The survey of 603 residents across the five boroughs found ...
The Weeks Ahead.(Calendar/Datebook)
Sep 10, 2007 ... Byline: adrianne pasquarelli this week's events september 11 Camba's Small Business Services holds workshop on writing a business plan. 3:00 p.m. to 5:30 p.m., 884 Flatbush Ave., second floor, Brooklyn. Free. (718) 282-2500, ext. 242, or ...
Executive Moves.(Business Lives)(Bain and Company Inc. promoted Martin Toner)(Burson-Marsteller appointed Richard C. Powell Jr.)(Hellmuth, Obata and Kassabaum Inc. appointed John Seitz)
Sep 10, 2007; ... Byline: adrianne pasquarelli and sarah studley accounting & consulting Bain & Co.: Martin Toner, 32, was promoted to partner from manager. Buck Consultants: Deborah Ruffins, 40, joined as vice president of marketing, a new position. She had been director ...
how can i find local wine tastings?(Business Lives)
Sep 10, 2007 ... localwineevents.com offers links to many wine tastings. Some shops, like Union Square Wines & Spirits, have their own tasting spaces. Long Island, with 45 wineries, offers a range of opportunities for individuals and corporate groups. The Long ...
Dog duty.(Business Lives)(T and M Protection Resources' Victor Solis)(Brief article)
Sep 10, 2007; ... Byline: adrianne pasquarelli Victor Solis, 55, has two passions: dogs and the security business. Six years ago, he combined them into a program at security firm T&M Protection Resources, where he trains dogs to sniff out explosives. His clients include financial and real estate ...
Best of Bob Lape.(Business Lives)(restaurants)(Brief article)
Sep 10, 2007 ... Following are other four-star restaurants reviewed recently. Daniel (4 stars) 60 E. 65th St. (between Madison and Park avenues), Manhattan. (212) 288-0033. Chef-owner Daniel Boulud's flagship maintains its excellence in providing many-layered dining ...
Moguls' club manager; Master marketer tapped to turn Tiger 21 into global enterprise.(Business Lives)(Tiger 21's Cathryn Mattson )
Sep 10, 2007; ... Byline: Aaron Elstein Sure, there are lots of perks that come with being really, really rich. But sometimes even the wealthiest people must leave behind the Gulfstream and seek the company of others who understand first-hand just how hard it is to find a good butler ....
Passive management hits pay dirt.(Small Business Report)
Sep 10, 2007 ... Charles massimo may be one of the few financial advisers who loves to pick up his phone lately. "Volatility is the perfect showcase for educating clients about my passive-management approach,'' he says. Mr. Massimo, who founded CJM Fiscal Management in 2004, is among ...
REPRINTS OF CRAIN STORIES; reprint, post published articles.(News)
Sep 10, 2007 ... Crain's new york business offers reprints of the articles it publishes. The reprints can include photographs that accompany the story. To obtain an estimate of the price and the turnaround time for a reprint, please contact Dana Warfel at Reprint Management Services, (717) 399-1900, ext ....
BIZ GROUP HONORS TOWNSEND; EXCELLENCE AWARD.(News)(Alair Townsend)(Brief article)
Sep 10, 2007 ... Alair Townsend, a columnist for Crain's and former publisher of the paper, will receive the Corning Award for Excellence from the Business Council of New York State. Ms. Townsend is being honored for the key role she played in New York City's ...
Adaptable vendors beat odds; Some seek launch pad for stores; knowing customer base is key.(Small Business Report)
Sep 10, 2007; ... Byline: Tina Traster Bulent unal drags himself out of bed six days a week in the dead of night so that he can be at Hunts Point in the Bronx by 3 a.m. to select the best apples, bananas and plums. The 53-year-old fruit seller sets up his cart at West 43rd Street and Ninth Avenue ...
Securities firms face huge write-offs; Top brokerages will report lower profits; losses will grow later.(News)(Financial report)
Sep 10, 2007 ... Byline: Aaron Elstein This week, Bear Stearns will start to quantify the damage done by the summer credit crisis when it becomes the first big brokerage firm to report third-quarter results. Profits at battered Bear are expected to slump by 30%, the firm's first ...
62% give con ed a thumbs-up.(News)(Brief article)
Sep 10, 2007 ... Byline: TOM FREDRICKSON Despite Consolidated Edison Inc.'s well-publicized problems--blackouts, steam pipe explosions and even electrocutions caused by stray voltage--New York City residents think well of the utility. A full 62% of respondents to the Crain's New York ...
Chef revives suburban spot; Monteverde features 4-star contemporary American dishes in historic location.(Business Lives)(Monteverde)
Sep 10, 2007 ... Two and a half centuries of history, an eagle-studded view of the Hudson and some true hospitality stars make Monteverde at Oldstone Manor one of the most irresistible dining destinations anywhere. The manor house, built in 1760 by Pierre Van Cortlandt, the first governor of New ...
Downtown digs draw law, tech firms.(Real Estate)
Sep 10, 2007 ... Fragomen, CGI sign at 7 Hanover Square; dessert restaurant finds sweet spot Law firm Fragomen Del Rey Bernsen & Loewy inked a deal to sublease 117,000 square feet at 7 Hanover Square between Pearl and Water streets from the Guardian Life Insurance Co. of America. ...
Deals pack punch at lunch; Top-notch restaurants pare prices to lure midday biz.(Business Lives)
Sep 10, 2007; ... Byline: steven A. shaw I started with sea scallops and caramelized cauliflower in a caper-raisin emulsion, then moved on to halibut steamed with honshimeji mushrooms and lemongrass consomme. The restaurant was Jean Georges. The bill for food was $28. It wasn't ...
Jones in tatters after Barneys; Fashion company under pressure to revive sagging lines, keep up with peers.(News)
Sep 10, 2007 ... Byline: Elisabeth Butler Cordova Last week, jones apparel group sold sell luxury retailer Barneys New York to overseas investors and pulled in a tidy $362 million in profit. But the rest of the company is in tatters. The firm remains saddled with a host of lackluster ...
Why voters like Mike so much.(Viewpoint)
Sep 10, 2007 ... Byline: Alair Townsend We love mike. President Bush's approval ratings are below 30%. Gov. Eliot Spitzer has a 47% approval rating, Assembly Speaker Sheldon Silver 28%, and Senate majority leader Joe Bruno 26%. As for our mayor, 70% of us approve. These ...
Media execs chase boomer bucks; People over 50, once shunned as not worthy, now seen as highly desirable.(News)
Sep 10, 2007 ... Byline: Abbey Klaassen Seventy-five percent of U.S. wealth is in the hands of people aged 50-plus, boomers are the highest earners and a grandchild is born every 20 seconds. Chief Executive Jerry Shereshewsky sits in a cramped Manhattan office and rattles off the statistics that ...
Architecture firm bets on sexy jobs; TSC lands Tiffany, J.P. Morgan, others with focus, service.(Small Business Report)
Sep 10, 2007 ... Byline: Donna Cornachio Until a few years ago, few people in the architectural design community had ever heard of TSC Design Associates Inc., a firm seemingly stuck on the fringes of the business. That all changed four years ago when the Manhattan-based firm threw ...
Builders finance school; Forgotten program revived to construct towers over classes.(News)
Sep 10, 2007 ... Byline: Theresa Agovino For the first time in more than 25 years, developers are financing the construction of a public school in exchange for the right to build a residential tower above it. A joint venture between The DeMatteis Organizations and the Mattone Group ...