Crain's New York Business back issues from July 2009:
It's not quite showtime at the Apollo; Jackson tribute highlights venue's challenges.(NEWS)
Jul 13, 2009 ... Byline: MATTHEW FLAMM Michael Jackson's death may have been a tragedy for his family and fans, but it proved a boon for all kinds of entertainment entities, not least the Apollo Theater. Giving thousands of mourners a place to congregate in the days after Mr ....
His feelings are still mutual; Vanguard legend says stock market remains a good bet.(NEWS)
Jul 13, 2009 ... Byline: AARON ELSTEIN John bogle is a genuine Wall Street legend. He's the founder of mutual fund giant Vanguard Group, which pioneered index funds, making investing more accessibleand less expensivefor millions of people. Although he stepped down as Vanguard's ...
In Brief.(Brief article)
Jul 13, 2009 ... THE TINY BUT CRITICALLY ACCLAIMED OPERA COMPANY OF BROOKLYN IS AT RISK OF GOING under. Hit with cuts in funding, the operawhich works to cultivate a new generation of opera lovers by offering cheap tickets and performing in unconventional venueshas slashed its operating budget in half over ...
Cabrini's demise had many mothers; Storied hospital shuttered by state lost its final battle to credit crisis.(NEWS)
Jul 13, 2009 ... Byline: BARBARA BENSON Cabrini Medical Center's bankruptcy filing late last week caps a chaotic three years during which the Gramercy Park-based hospital struggled unsuccessfully to evade a state-mandated death sentence, and failing that then pinned its downscaled ambitions on a ...
The Week Ahead; July 20-Aug 2.(NEWS)(Calendar)
Jul 13, 2009 ... Byline: Maia Blume NETWORKING RECEPTIONS THURSDAY, JULY 23 WISE CONSTRUCTION AND KLEPPEL CONSULTING will host a reception from 6 p.m. to 9 p.m. at 180 Varick St., suite 512. The gathering at Wise is free. Contact sgammon@guidinggraphics.com or (201) ...
PUBLISHING EXEC EXPANDS COVERAGE; CORPORATE LADDER.(NEWS)
Jul 13, 2009 ... Byline: Maia Blume TOM HARTY, 46, was promoted to president of consumer magazines at Meredith Corp. and will retain his position as chief revenue officer and executive vice president at Meredith Publishing Group. During his tenure at the company, Mr. Harty created Meredith ...
Prebuilts carry day at 477 Madison; Landlord's efforts to cater to tenants land pair of financial services firms.(NEWS)
Jul 13, 2009 ... Byline: Theresa Agovino Two financial services firms signed deals for a total of about 13,600 square feet at 477 Madison Ave., between East 51st and East 52nd streets. CRG Partners, which provides financial restructuring services, signed a seven-year lease for almost ...
Ecko puts his HQ on market; Urbanwear hotshot's appeal wears thin as youths trade down.(NEWS)
Jul 13, 2009 ... Byline: ADRIANNE PASQUARELLI The large bronze rhinoceros statues grazing inside hip-hop clothing designer Marc Ecko's massive 275,000-square-foot headquarters on West 23rd Street may soon be out of a home. The entire space, which costs more than $9 million a year and includes a ...
The next crisis in Albany.(NEWS)
Jul 13, 2009 ... No one knows if the agreement reached in the state Senate last week will really end the absurd political stalemate that has blocked crucial legislation. No one knows whether Gov. David Paterson's appointment of Richard Ravitch as lieutenant governor will stand or what role he might ...
Executive Moves.(NEWS)
Jul 13, 2009 ... Byline: Maia Blume Bank of America: Steven Baronoff, 49, was appointed chairman of global mergers and acquisitions for Bank of America Merrill Lynch. He was formerly vice chairman of global mergers and acquisitions for the group. Stefan Selig, 46, was named executive ...
Florentine baker takes bite of Village.(NEWS)
Jul 13, 2009 ... Byline: Adrianne Pasquarelli The smell of freshly baked Italian breads and cookies will be wafting into more than a few West Village apartments starting this fall. Il Cantuccio, a bakery based in Florence, Italy, is entering the U.S. market by leasing 1,400 square feet at 91 ...
Shoppers skirt Fulton St. Latest building project turns street into no-go zone; brighter future.(NEWS)(Wow Style Fashions)
Jul 13, 2009; ... Byline: AMANDA FUNG In recent months, Sedat Jorkorkmaz, manager of Wow Style Fashions, has watched helplessly as his revenues have lurched from lousy to near-lethal. This year, sales are off 60% as a result of the recession and construction outside his lower-Manhattan door that ...
Genzyme finds no place like home.(NEWS)
Jul 13, 2009 ... Byline: Amanda Fung After extensively exploring its options for new office space in three different boroughs, Genzyme decided to stay put in midtown. The Cambridge, Mass.-based biotechnology firm has renewed for another 10 years its 98,000-square-foot lease at 521 W ....
THE STANDARD GRILL.(NEWS)
Jul 13, 2009 ... THE STANDARD GRILL 848 Washington St. 212 645 4100 www.thestandardgrill.com * * * CUISINE American PRICE RANGE Entrees, $15-$25 SERVING Breakfast, lunch, dinner and ...
NYC economy's 1-year anniversary.(NEWS)(New York City)
Jul 13, 2009; ... Byline: Greg David NYC economy's 1-year anniversary One of the most striking facts about the downturn of the late 1980s and early 1990s was how uniformly severe it was throughout the region. The city, Long Island, the lower Hudson Valley and the adjacent counties of ...
HAVE I GOT A HEDGE FUND FOR YOU! How a limo driver from Brighton Beach became a hedge fund manager and fleeced investors of millions.(NEWS)
Jul 13, 2009 ... Byline: AARON ELSTEIN The oceana condominium complex in Brooklyn's Brighton Beach is an idyllic place. Inside the gated beachfront community, where apartments go for as much as $2 million, retirees take in the fresh sea air as they play with their grandchildren in manicured ...
Hot Jobs.(NEWS)(Kaplan Inc.)(Brief article)
Jul 13, 2009; ... Byline: AMANDA FUNG CHIEF INFORMATION OFFICER COMPANY Kaplan Inc. JOB DESCRIPTION Lead a team of about a dozen, oversee tech investments and evaluate emerging technologies that can improve the customer experience MOST IMPORTANT TASKS Create and ...
IN THE MARKETS.(NEWS)
Jul 13, 2009 ... Byline: Aaron Elstein Here they go again With its rivals either bankrupt, hobbled by heavy government oversight, or retreating from any further risk-taking, Goldman Sachs is once again coining money at what looks to be a frenzied pace. The bank is expected this week ...
Betting on e-books; Web-only house OR Books will cut costs by selling directly to consumers.(NEWS)
Jul 13, 2009 ... Byline: MATTHEW FLAMM For john oakes and Colin Robinson, two veterans of New York's independent literary scene, there has never been a better moment to start a small press in the time-honored mannerthat is, with modest resources, minimal staff and a focus on books that are ...
PATERSON Looking for new cause.(NEWS)(David Paterson)
Jul 13, 2009 ... MOMENTS AFTER THE STATE SENATE DEADLOCK was broken last week, Gov. David Paterson (below) said he was happy. Very happy, in fact. "I am very happy, as the senators are, that they have reached an end to their conflict, he said at a news conference. But he did not look happy ....
The Insider.(briefs)
Jul 13, 2009; ... Byline: Erik Engquist and Daniel Massey Advocate candidates grill each other At the end of a debate last week by the four Democrats running for public advocate, each was allowed to ask a question of one rival. It was those questions, more than any answers, that ...
Are you ready for the rebound? It won't be bad forever. Here's what smart owners are doing to position their businesses for the coming recovery.(NEWS)(Company overview)
Jul 13, 2009 ... Byline: ELAINE POFELDT LEXY FUNK ISN'T ABOUT TO LET A RECESSION STOP HER from expanding Brooklyn Industries, an 11-store chain known for hip T-shirts and casual clothes. As many retailers scale back or go under, the chief executive is preparing the 10-year-old fashion business ...
FIND YOUR SILVER LINING; Here are some strategies you can use, even if your sales are hurting now.(briefs)(Fahrenheit 212)(Column)
Jul 13, 2009 ... * Take a hard look at your finances. Get a grip on your cash-flow situation and put a realistic forecasting system in place, so you know how much money you can spend on growth. "It's surprising how many businesses don't have good cash-flow forecasts, says Bob Harman, managing partner, New ...
NEW YORK, NEW YORK.(briefs)(JoJo Energy, Inc.)
Jul 13, 2009 ... Restaurant Week wine deal and then adeus When restaurant week begins this week, foodies will have one more reason to reserve a table at Alfama. The small Portuguese eatery-one of the last in the city-will be shuttered at the end of the month when the citywide promotion ends. ...
WHAT HE'S READING.(NEWS)
Jul 13, 2009 ... Byline: MATTHEW FLAMM THE REIGNING DEAN of New York's PR world, Howard Rubenstein, just finished reading Larry King's autobiography, My Remarkable Journey. The book had two things to recommend itapart from the fact that it was written by a client, of course. "It was funny as ...
Running away from recession; Feeling crunch, people quit pricey gyms and switch to free exercise.(NEWS)
Jul 13, 2009; ... Byline: LISA FICKENSCHER When the recession crunched Penelope Stipanovich and her husband Che's earning power, the first thing the couple dumped was their gym memberships, for $200 per month in savings. The couple, who have a 4-year-old son, had recently bought their ...
KNOW YOUR ALTERNATIVES.(briefs)(Brief article)
Jul 13, 2009 ... ASSET-BASED LENDERS offer business loans and lines of credit secured by inventory, accounts receivable and other balance-sheet assets, from machinery to intellectual property. Asset-based financing is often used to help companies meet such rolling cash-flow needs as making payroll or ...
Tips for finding financing when banks say no; Need funds? An alternative universe awaits, letting you tap hard assets.(NEWS)(Select Express & Logistics )
Jul 13, 2009; ... Byline: ELAINE POFELDT Errol cvern knew that banks weren't likely to put out the welcome mat for his small business when he launched Select Express & Logistics in Manhattan. So for financing he turned to a startup-friendly alternative lender, Summa Capital, which offered him a ...
VC firm doubles its space.(NEWS)
Jul 13, 2009 ... Byline: Amanda Fung Landmark Ventures Inc., a venture capital firm specializing in tech investments, is moving to new digs that overlook Madison Square Park. The Manhattan-based firm has signed a six-year lease for 6,110 square feet at 11 E. 26th St., between Madison ...
The Week Ahead; Aug. 3-16.(NEWS)(Calendar)
Jul 27, 2009 ... CONFERENCES TUESDAY, AUGUST 11 JOIN FUNDINGPOST AND DUANE MORRIS for a conference on early-stage venture investing. The conference is from 2 p.m. to 6:15 p.m. at Duane Morris, 1540 Broadway. Tickets range from $75 to $350. For more information, contact (800) 461-5509 ...
Cheat Sheet.(NEWS)
Jul 27, 2009 ... Swine flu, aka H1N1, isn't dead. It's merely incubating in the petri dish called summer camp. HOW BAD WILL IT GET? They call it pandemic for a reason. In June, when flu season is usually a faint memory for beachgoers, the World Health Organization raised the H1N1 alert to its ...
Retailers hit by CIT fallout; Vendors are already halting shipments over pay worries.(NEWS)
Jul 27, 2009 ... Byline: ADRIANNE PASQUARELLI As commercial lender CIT Group Inc. teeters on the brink of insolvency, women's apparel vendor Nouri Chaya is tottering, too. The vice president at Vault Sportswear uses CIT to insure his shipments to stores. If a store goes out of ...
COMMUNITY ACTIVIST BRINGS HISTORY OF SUCCESS TO NONPROFIT.(NEWS)
Jul 27, 2009 ... Byline: Maia Blume Richard Buery Jr., 37, was appointed president and chief executive of the Children's Aid Society and will replace C. Warren Moses in October. He will join the agency from Groundwork Inc., a nonprofit that works with families living in public housing in ...
Exec's crack habit damages L.I. hospital; Addiction news puts Long Island Jewish Medical Center in dicey position.(NEWS)
Jul 27, 2009 ... Byline: BARBARA BENSON It's not every day that the chief executive of a company is discovered to be a crack addict. But when the company happens to be a hospitalan institution devoted to wellnessthe shock is especially great. That is precisely the position that Long ...
B'way producer stirs the plot; Brings crafty off-Broadway style, social networking to big stage, rankling old guard.(NEWS)
Jul 27, 2009 ... Byline: MIRIAM KREININ SOUCCAR In february, theater producer Ken Davenport sent out one of his numerous Twitter messages, telling the universe that he was busy raising money for Blithe Spirit, the Broadway revival featuring Angela Lansbury. Shortly after, Mr ....
Top 2009 sale looks lowly; A mere $370 million for Sotheby's HQ kind of says it all.(NEWS)
Jul 27, 2009 ... Byline: Theresa Agovino Evidence of the dismal state of the commercial sales market just keeps pouring in. For the latest dollop, check out Real Capital Analytics' top New York City property sales chart on Page 20. In the first six months of 2009, the biggest transaction totaled ...
Doctors sew up Second Ave. deal.(NEWS)
Jul 27, 2009 ... Byline: Theresa Agovino Midtown east medical leased 18,500 square feet at 800 Second Ave., between East 42nd and East 43rd streets, and will turn the space into office and surgical suites for doctors. The asking rent for the 15-year deal, which covers the entire second floor, ...
The governor takes on Larry.(NEWS)
Jul 27, 2009 ... Gov. david paterson waded into the World Trade Center controversy last week, taking direct charge of negotiations with developer Larry Silverstein over how to break the impasse at the site. However, he did not do so as a neutral arbitrator. Instead, he sided directly with his appointees at ...
Executive Moves.(NEWS)
Jul 27, 2009 ... Byline: Maia Blume Fortress Investment Group: Daniel H. Mudd, 50, was appointed to the position of chief executive, replacing Wesley R. Edens, a Fortress co-founder, effective Aug. 11. Mr. Mudd currently serves on the firm's board of directors and will retain that position. Most ...
Foodies catch break on Riverside.(NEWS)
Jul 27, 2009 ... Byline: Adrianne Pasquarelli At long last, residents of 160 Riverside Blvd. will actually have not one but two close-by options for dinner. 160 Restaurant Concepts Inc. recently signed a 20-year lease to open two eateries on the ground floor of the building, between West 67th ...
GUS AND GABRIEL.(NEWS)
Jul 27, 2009 ... GUS AND GABRIEL 222 W. 79th St. (212) 362-7470 * 1/2 CUISINE Gastropub PRICE RANGE Entrees, $11.95 to $23.95 SERVING Dinner, seven days RESERVATIONS Not accepted PAYMENT Cash only ...
One-stop shopping in Hunts Point gets heady meaning; Manhattan Beer expands in the Bronx.(NEWS)(Manhattan Beer Distributors Inc)
Jul 27, 2009; ... Byline: Hilary Potkewitz The produce, meat and fish markets at Hunts Point in the Bronx are getting a refreshing new neighbor. In the largest real estate transaction in the borough this year, Manhattan Beer Distributors paid $20 million in May for a sprawling warehouse on ...
It's Miller time. To buy stocks, that is.(NEWS)(Bill Miller)
Jul 27, 2009; ... Byline: Hilary Potkewitz Investment guru Bill Miller says it's safe to come out of the bushesthe bears have been contained. "The worst has passed in the market and the economy, Mr. Miller writes in his latest quarterly commentary to investors. The longtime manager of the Legg ...
Recruiters' sneaky methods for discovering the real you.(NEWS)(Brief article)(Column)
Jul 27, 2009; ... Byline: Anne Fisher Do you put salt on your food before you taste it? When behind the wheel of a car, do you tend to be impatient or even a bit aggressive? Or are you too cautious, stopping at yellow lights? On the golf course, do you go easy on yourself and shave a stroke off ...
The Insider.(NEWS)
Jul 27, 2009 ... Byline: Erik Engquist and Daniel Massey Bill Thompson goes from lamb to lion Only a month ago, Comptroller William Thompson was assuring New Yorkers that although city unemployment had surged to 9%, Gotham "continues to fare better than the nation. Not what one would ...
COMPTROLLER'S RACE; Dissecting the debaters.(NEWS)
Jul 27, 2009 ... THE FOUR CITY COUNCIL MEMBERS running to replace Comptroller William Thompson clashed at a Crain's debate last week over whether they would fire Schools Chancellor Joel Klein, cut city pensions and tax the wealthy to plug budget gaps. Candidates Melinda Katz, John Liu, David ...
Bills coming due for Joe Moinian; Developer squeezed by rising debt payments and high vacancy rates.(NEWS)
Jul 27, 2009 ... Byline: THERESA AGOVINO Two months ago, developer Joseph Moinian and a partner were forced to give up 475 Fifth Ave.a building they had purchased only two years earlierafter failing to repay a loan. With troubled deals all over town, it's likely that building won't ...
Small retailers find opportunity in softening market; With vacancies rising and big chains sidelined, local stores pick up bargains.(NEWS)
Jul 27, 2009 ... Byline: ADRIANNE PASQUARELLI This spring, grocer Bobby Multani was ready to pounce when national sandwich chain Cosi vacated its 2,000-square-foot downtown space on Pine Street. The $98-a-square-foot asking price was too good to pass up. The grocer quickly signed a 15-year lease ...
New York, New York.(briefs)(William Morris Endeavor)(MPL Music Publishing)(mplcommunications.com)
Jul 27, 2009 ... Byline: Edited by Valerie Block Will publishers go Gaga? Lady gaga, a 23-year-old pop star and New York University dropout, appears to be taking another page from her role model Madonna. William Morris Endeavor, which represents the singer, is shopping ...
Agenda to fix dysfunctional Albany-now.(NEWS)
Jul 27, 2009 ... THE STATE'S LEGISLATORS HAVE DECAMPED FROM ALBANY, after infuriating New Yorkers by spending weeks on political squabbles while ignoring the issues that matter as the state's economy deteriorates. Crain's asked ...
EDITOR'S PICK.(NEWS)
Jul 27, 2009 ... FRIDAY, AUGUST 14 The City Parks Foundation's SummerStage presents an evening of music and ballet with Morphoses/The Wheeldon Company. Both the music and the choreography were commissioned by the City Parks Foundation. The free performance, which will take place at SummerStage at Rumsey ...
It's always Showtime; Quality programs help cable net in its battle with rival HBO.(NEWS)
Jul 27, 2009 ... Byline: MATTHEW FLAMM Showtime ceo Matthew Blank's dream of attracting the kind of quality programming that used to be the exclusive domain of rival HBO has finally come true. Nurse Jackie, starring Edie Falco, had the strongest debut in Showtime history. And the ...
WHAT HE'S READING.(NEWS)(Lin-Manuel Mirinda's leisure time spending)(Brief article)
Jul 27, 2009; ... Byline: MIRIAM KREININ SOUCCAR LIN-MANUEL MIRANDAcreator of the Tony Award-winning hit In the Heightsperformed for the Obamas' first poetry jam in the White House. The invitation was especially meaningful to Mr. Miranda, since he spends most of his free time reading biographies ...
Bank woes wilt Park Ave. rents; Landlords, tenants compete as sublease space mushrooms.(NEWS)
Jul 27, 2009 ... Byline: THERESA AGOVINO WHEN ROBERT TUCKER DECIDED to consolidate his security firm's two Manhattan offices earlier this year, his ambitions were simple: He wanted space close to Grand Central Terminal, and he didn't want to pay a lot for it. In the end, he found ...
Eateries say biz is cooking; Modest surge in restaurant sales as NY'ers emerge from their bunkers.(NEWS)
Jul 27, 2009 ... Byline: LISA FICKENSCHER The summer months are usually the worst for the city's restaurants as New Yorkers head to the beach, business meetings are put on hold and the Big Apple simply slooows. But this year is different. The summer seems to be ushering in a period ...
Resume Review.(NEWS)
Jul 27, 2009 ... NAME ROBERT L. CONSTABLE OBJECTIVE To find a position in strategic sales/business development where building long-term relationships is paramount EXPERIENCE * IAC/InteractiveCorp, 2002-08: vice president, affiliate sales/marketing, Home ...
THE ORGANIZATION MAN; How union big Dennis Rivera craftily shaped Obamacare.(NEWS)
Jul 27, 2009 ... Byline: DANIEL MASSEY Dennis Rivera, the indomitable labor leader, was on Capitol Hill in late June to persuade members of a powerful House committee to include a public insurance option in its massive overhaul of the nation's health care system. Karen Ignagni, perhaps the most ...
Tour de France perk spurs staff to wheel and deal; Wine importer's exec-sponsored bike trip lifts sagging morale, performance.(NEWS)
Jul 27, 2009 ... Byline: LISA FICKENSCHER Last year, Peter Cassell was worried about losing his job. As director of operations at T. Edward Wines, an importer and distributor based in TriBeCa, he was unnerved by the company's declining sales and by the economic threats facing its clientele of ...
The Week On The Web; July 20-26.(briefs)
Jul 27, 2009; ... Byline: Elisabeth Butler Cordova Coney Island, WTC inch ahead Waiting for Coney Island redevelopment to progress can be like standing on line for a Fourth of July spin on the Cyclone: You linger so long you occasionally forget why you're there. The line ...
Work wear maker doubles space.(NEWS)(Old Toledo Brands)(Brief article)
Jul 27, 2009; ... Byline: Amanda Fung Old Toledo Brands inc., a private-label manufacturer and licensing company, is almost doubling its office space in Manhattan's fashion district. The company, which specializes in making work wear, has signed a five-year lease for 11,880 square ...
IN BRIEF.(Ambassador Media Group, LLC.)(Brief article)
Jul 27, 2009 ... THE GREAT WHITE WAY WILL BE STUDDED WITH MOVIE STARS THIS FALL SEASON. THE FIRST members of the high-powered roster will appear in September in A Steady Rain, starring both Hugh Jackman and 007 actor Daniel Craig. Soon after,Hamlet with Jude Law will open, followed by the Broadway debut of ...
Hot Jobs.
Jul 27, 2009 ... Byline: MIRIAM KREININ SOUCCAR CHIEF RATINGS OFFICER COMPANY Standard & Poor's JOB DESCRIPTION Leading the company's bond-rating business MOST IMPORTANT TASK Figuring out how the company should work under increased regulation ...