Crain's New York Business back issues from August 2009:
An uberpatron for the arts; Who ya gonna call? Arts "rock star' shows nonprofits how to survive.(NEWS)
Aug 10, 2009 ... Byline: MIRIAM KREININ SOUCCAR On a Tuesday night last month, the hottest scene in the New York cultural world wasn't at the latest gallery opening or at a Lincoln Center performance. It was in an auditorium in Chelsea, where hundreds of cultural executives sat in ...
For back to school, it's all uniform; Kids' retailers expand offerings of cheaper mix-and-match pieces.(NEWS)
Aug 10, 2009 ... Byline: ADRIANNE PASQUARELLI To get ahead this back-to-school season, kidswear retailers are moving uniforms to the head of the class. The crucial selling season is already under way, and many children's clothing sellers, including The Children's Place Retail Stores ...
Thundering herd eyes exits at made-over Merrill Lynch; New owner creates anxiety; rivals gear up for poaching.(NEWS)
Aug 10, 2009 ... Byline: AARON ELSTEIN Last December's acquisition of Merrill Lynch & Co. has caused massive headaches for Bank of America Corp., but throughout the turmoil at least the bank has been able to count on one key thing: stability within Merrill's "thundering herd of retail brokers, ...
Lessons from the other side.(NEWS)
Aug 10, 2009 ... WHAT BOFA WANTS TO AVOID on the retail side of Merrill Lynch is what has happened on its investment banking side, where scores of senior staffers have decamped in the past eight months. Those defections seem to have cost the firm business. In U.S. junk bond sales, for example, ...
LECTURES.(NEWS)
Aug 10, 2009 ... LECTURES TUESDAY, AUGUST 18 SUMMER SCOOPS LIVE With The Wall Street Journal hosts a lecture with Stew and Heidi Rodewald, creators of rock musical Passing Strange, and Bill T. Jones, Janet Wong and Bjorn Amelan of the Bill T. Jones/Arnie Zane Dance Company on the ups ...
CORPORATE LADDER.(NEWS)
Aug 10, 2009 ... CORPORATE LADDER FASHION EXEC REMODELS CAREER Jamieson Karson, 52, was named special counsel in the corporate, securities and financial institutions practice at law firm McCarter & English. His practice covers corporate matters, corporate governance and issues ...
B'way building extends streak.(New York State Health Foundation)(Broadway, New York)(Brief article)
Aug 10, 2009; ... Byline: Amanda Fung Paris accessories is consolidating its two Manhattan offices into one. The company, which designs and manufactures accessories like hats and scarves, has signed a 15-year lease for 40,000 square feet at 1385 Broadway, at West 38th Street. The New ...
Bank snaps up prime corner.(NEWS)
Aug 10, 2009 ... Byline: Adrianne Pasquarelli Not all banks are in retrenchment mode. Canada's giant TD Bank, which swallowed up Commerce Bank last year, is still growing. It recently signed a 20-year lease for 4,700 square feet at 224 W. 57th St., on the corner of Broadway, in a building known ...
Clothing firm moves up in world.(NEWS)
Aug 10, 2009 ... Byline: Amanda Fung Franco Apparel is moving to new digs a few blocks north in Manhattan's garment district. The children's wear company has signed a 10-year lease for 13,800 square feet of space on the top floor of 1407 Broadway, between West 38th and West 39th ...
Platinum swaps for ritzy bargain.(Brief article)
Aug 10, 2009; ... Byline: Theresa Agovino Platinum equity loves Park Avenue and wasn't anxious to leave the gilded boulevard. But the promise of a wood-burning fireplace, soaring ceilings and a roof deckall at an affordable rentwas simply too much to pass up. So within the next four months the ...
The truth about Golden Sacks.(NEWS)
Aug 10, 2009 ... Goldman sachs is minting money again, on pace to produce a record profit this year. It's also putting aside enough lucre to award bonuses even larger than the unprecedented payouts of 2007. Should Goldman be allowed to richly compensate the people who produce those huge profits? Of course ....
Executive Moves.(NEWS)
Aug 10, 2009 ... Byline: Maia Blume American International Group: Robert Benmosche, 65, was appointed chief executive of the troubled insurer and is expected to begin his term on Aug. 10. He was formerly chief executive of MetLife Inc. New York City Department of Finance: David M ....
Sidestep "old pay' trap to win salary you want at a new job.(NEWS)
Aug 10, 2009 ... Byline: Anne Fisher Not so long ago, you could assume that a new job would mean a bump up in salary. But lately, says career coach Ford R. Myers, that's changed. "In this recession, employers are playing more games with money than ever, he says. "When they ask you ...
WHAT SHE'S READING.(NEWS)(Brief article)
Aug 10, 2009 ... WHAT SHE'S READING CABLE TELEVISION veteran Geraldine Laybourne doesn't watch much TV these days. She's too busy traveling the globe since she sold her cable startup, Oxygen, to NBC in 2007. Instead, she's readinga lot. "When I was in Botswana, I read The No. 1 Ladies' ...
The horseshoe fits.(New York Police Department)(Brief article)
Aug 10, 2009; ... Byline: Hilary Potkewitz To hear Jim Murtagh tell it, the year begins on St. Patrick's Day, and that's not just Irish pride talking. It's the first parade of the season, when things start getting busy for Mr. Murtagh and the two other blacksmiths who work for the New York Police ...
Zen and the art of frontier dining.(Sho Shaun Hergatt Restaurant)(Viewpoint essay)
Aug 10, 2009 ... Zen and the art of frontier dining Sho Shaun Hergatt brings Asian accents to financial district I was warned that the block in front of Sho Shaun Hergatt looked like downtown Baghdad. So we swing into a parking spot on Beaver Street, navigate the scaffolding in front ...
SHO SHAUN HERGATT.(NEWS)
Aug 10, 2009 ... SHO SHAUN HERGATT The Setai, 40 Broad St. (212) 809-3993 www.shoshaunhergatt.com CUISINE Contemporary with Asian accents PRICE RANGE Prix fixe: $57, $69 SERVING Breakfast, lunch, ...
Rudy not ready to be right's knight.(NEWS)
Aug 10, 2009 ... Byline: Greg David The usual way to illustrate the difficulties facing New York Republicans is to point out that the Democrats hold all five statewide offices, that they control both houses of the Legislature and that they have won so many congressional slots in recent years ...
Hits & Misses.(NEWS)
Aug 10, 2009 ... Restaurateur finds the Zone Steve lindner approaches business like the good chef that he is: He understands basic cooking concepts, but he knows when it's time to shake up the ingredients. After Sept. 11 decimated client traffic at a French restaurant he opened with ...
High Line brings Chelsea new friends; Park visitors boost eateries' revenue; retailers' traffic rises.(NEWS)
Aug 10, 2009 ... Byline: Amanda Fung Eight weeks after the High Line opened, traffic is running well ahead of expectationsmuch to the delight of restaurant owners operating in the shadow of the half-mile-long elevated park. Every weekend, about 23,000 people visit the new park, ...
Dashing cold water on Queens firms?(Economic Development Corp)(Brief article)
Aug 10, 2009; ... Byline: Hilary Potkewitz Late last month, the city's Economic Development Corp. allocated $15.5 million toward creating infrastructure in Willets Point that the Queens neighborhood has never had: sewers. But it's not yet clear who will enjoy that tardy upgrade, which will also ...
Hot Jobs.(NEWS)
Aug 10, 2009 ... Byline: AMANDA FUNG VP OF INTEGRATED SALES MARKETING COMPANY NBC Universal JOB DESCRIPTION Oversee the development and implementation of ad sales and marketing strategies for the company's health and green brands MOST IMPORTANT TASKS Create new ...
Spruce up credit caliber; Manage personal debt, build business's rating to prepare for tightfisted lenders.(NEWS)
Aug 10, 2009; ... Byline: ELAINE POFELDT Lyn-genet Recitas, owner of Neighborhood Holistic, never expected to find herself paying 20.99% interest on the $40,000 she borrowed to build out her yoga studio in Central Harlem. She left $15,000 of her credit line untouched, she says, adding that she ...
In Brief.(NEWS)(Brief article)
Aug 10, 2009 ... BID ADIEU TO WAMU. J.P. MORGAN CHASE & CO. IS RENAMING THE 223 WASHINGTON Mutual branches in the tristate area today, giving them the Chase logo, a spokesman says. That move means there will be more than 1,000 Chase branches here, giving the bank a 52% share of the local market, according ...
In the markets.(NEWS)
Aug 10, 2009 ... Byline: Aaron Elstein FLASH: NYSE catches a break The New York Stock Exchange's parent has struggled in recent years as longtime foes like Nasdaq and upstart electronic exchanges like BATS have pecked away at the NYSE's core trading business. Today only 40% of trades ...
Ths insider.(NEWS)
Aug 10, 2009; ... Byline: Erik Engquist and Daniel Massey The race to win Aqueduct project Half a dozen bids to revive the Aqueduct racetrack in Ozone Park, Queens, were formally submitted to Gov. David Paterson's office late last month as part of a closed selection process, raising ...
PAY-TO-PLAY 101? Senator's advice.(NEWS)(Brief article)
Aug 10, 2009 ... IN A FRANK MONOLOGUE about pay-to-play politics and politically connected lobbyists, state Sen. Eric Adams chided the real estate industry last week for supporting Senate Republicans until the bitter end of their 40-year reign. He suggested that is why the industry can't get the time of ...
Dead-tree crowd desperately seeking a profit rewrite.(NEWS)
Aug 10, 2009; ... Byline: MATTHEW FLAMM Like a lot of newspapers, The New York Times has endured a rough year. But there's little evidence of that inside the paper's soaring Eighth Avenue headquarters. The walk to Executive Editor Bill Keller's office proceeds around an atrium that ...
New York, New York.(NEWS)
Aug 10, 2009 ... Seafood? Sure. Drinks? Maybe Oceana's managing director, Paul McLaughlin, is frantically preparing for the three-star eatery's rebirth in the McGraw-Hill Building on Sixth Avenue. After 17 years on East 54th Street, Oceana closed on July 25; Mr. McLaughlin is hoping to soft-open ...
Paterson has no place to go ... but out; With low ratings, he's caught between a rock (Cuomo) and a hard place.(NEWS)
Aug 10, 2009 ... Byline: ERIK ENGQUIST Can Gov. David Paterson save himself? That is the question on the lips of the city's power elite, as Democratic leaders and union officials signal that they will find another candidate for governor if the incumbent does not lift his approval rating soon. ...
A Wynn win at Aqueduct?(NEWS)(Interview)
Aug 10, 2009 ... A Wynn win at Aqueduct? Mogul bids to revamp racetrack, but keeps gaming in perspective BY ERIK ENGQUIST Hotel and casino magnate Steve Wynn is pitching a proposal to transform Aqueduct Racetrack in Queens into a posh "racino. He reportedly has offered the ...
NAME STEPHEN M. STARENSIER.(NEWS)
Aug 10, 2009 ... NAME STEPHEN M. STARENSIER OBJECTIVE To return to conventional real estate markets EXPERIENCE ?Hope Community Inc., Jan. 2005 to present, director of real estate development Reorganizing nonprofit real estate organization ....
FRIEND OR FREUD?(NEWS)
Aug 10, 2009 ... WORK USED TO FEEL LIKE PLAY; now it's a ball and chain. You're worried about money. You're hardly alone. Friends and advisers can aid business owners in stressful economic times, but some symptoms indicate that it's time to seek help from a mental health professional, advises business ...
Shadow units cast pall; Not-yet-marketed condominiums mean apartment glut is worse than it looks.(NEWS)
Aug 10, 2009 ... Byline: AMANDA FUNG New York city's condominium market may be in even worse shape than the commonly used yardsticks show. In Manhattan in the first quarter, sales were halved from year-earlier levels even as more apartments flooded onto the market, leaving it choking ...
Put on a happy face; How to muster that all-important positive attitude in tough times.(NEWS)
Aug 10, 2009; ... Byline: ELAINE POFELDT SYL TANG CAN TELL YOU PLENTY ABOUT THE HIGHS AND LOWS of running a business in New York City. The former Accenture consultant started multimedia style bible HipGuide in 1999, during the dot-com boom, but found herself living on fumes of hope during the ...
CORRECTIONS.(NEWS)(Correction notice)
Aug 10, 2009 ... The 395,000 square feet of space at 277 Park Ave. is available via sublease, not direct from landlord Stahl Real Estate Co. This fact was misstated in the July 27 story on Park Avenue rents. The July 27 article ...
Group fights for signs of Times; Ad coalition doesn't want billboards blocked in Times Sq. pedestrian plaza.(Times Square Advertising Coalition)
Aug 10, 2009; ... Byline: LISA FICKENSCHER The 150 flashing signs in Times Square share more than tight real estate these days. Their owners are now part of an advocacy organization that will promote the outdoor sign industry at a time when it feels threatened by the city's plans to transform the ...
Look who's eyeing NYC: Wal-Mart; Retailer that gave up on Big Apple renews push; "just looking'.(NEWS)
Aug 10, 2009 ... Byline: DANIEL MASSEY More than two years after Wal-Mart's bruised chief executive wrote off opening a New York City store as not "worth the effort, the Arkansas-based giant is back in the hunt, scouting out potential locations. The company's search is citywide, with ...
MTA deal takes all of us for a ride.(Metropolitan Transportation Authority)
Aug 17, 2009; ... Byline: Alair Townsend Mayor bloomberg was outraged. When news leaked out that the arbitration panel handling the transit workers' contract was poised to grant a three-year package costing nearly 12% of wages, he huffed and puffed. "I don't see how the arbitrators ...
Basics are the lure on Sixth Avenue.(Brief article)
Aug 17, 2009; ... Byline: Theresa Agovino In recent months, the landlord at 1180 Sixth Ave. has put new artworks in the building's lobby and offered concierge services. For the two outfits that signed leases for a total of 33,100 square feet, however, what meant the most was the building owner's ...
Best Buy manager stirs up Bronx.(Theodore Roosevelt High School)(Brief article)
Aug 17, 2009; ... Byline: Hilary Potkewitz In just under a year in the Bronx, Miami native Mike Jones has already demonstrated big-time the power of community organizing. Shortly after arriving to take up his post as manager of the brand-new Best Buy on Fordham Road in the University ...
SHRINKAGE.(NEWS)
Aug 17, 2009 ... 13% THAT'S THE ANNUALIZED PACE at which big banks are shrinking their loan portfolios, according to Sanford C. Bernstein & Co. research. The biggest declines last quarter came in commercial and industrial lending and commercial real estate, but residential mortgage and consumer ...
WHERE HE TRAVELED.(NEWS)
Aug 17, 2009 ... Byline: LISA FICKENSCHER JOHN FITZPATRICK is a Harley-Davidson man, but not the kind who sports tattoos. The CEO of the Fitzpatrick Hotel Group North America, which operates two properties in Manhattan, has enjoyed an annual motorcycle trip with his two younger brothers for the ...
WHAT'S BEING DONE ABOUT IT.(NEWS)(Brief article)
Aug 17, 2009 ... GOVERNMENT OFFICIALS, from the feds on down, are pursuing potential solutions to confront the overleveraging of the city's affordable-housing stock. * The city's Housing Preservation and Development department is redoubling efforts to track data on code violations to more ...
Bronx is burning over failed deals; Overleveraged buyers of rent-regulated apartments create one big mess across city.(NEWS)
Aug 17, 2009 ... Byline: DANIEL MASSEY Linda Kemp remembers when the hallway floors at Robert Fulton Terrace were waxed regularly, when tulips, not weeds, bloomed in the garden, and when mold wasn't growing in the bathrooms of apartments in the 18-story complex that once was the envy of the ...
The Week Ahead; Aug. 24-30.(NEWS)(Calendar)
Aug 17, 2009 ... Byline: Maia Blume INFORMATION SESSIONS THURSDAY, AUGUST 27 CAMBA will host a business-loan information session from 10 a.m. to 11 a.m. at 884 Flatbush Ave., second floor, in Brooklyn. The session is free, and preregistration is required. Call (718) ...
Eatery fights calorie police; Houston's refuses to submit to NYC law; challenging in court.(NEWS)
Aug 17, 2009 ... Byline: LISA FICKENSCHER California-based restaurant chain Houston's doesn't like New York City's calorie labeling law, and it has refused to submit to it, setting the stage for a battle with city health officials. With more than 30 restaurants across the country, ...
DOCTOR TO HEAD UP LOCAL BLOOD BANK.(NEWS)
Aug 17, 2009 ... Byline: Maia Blume DR. CHRISTOPHER D. HILLYER, 50, was named president and chief executive of New York Blood Center, effective Sept. 1. He comes from Emory University's Center for Transfusion and Cellular Therapies, where he currently serves as director. Dr. Hillyer is also a ...
CORRECTIONS.(NEWS)(Correction notice)
Aug 17, 2009 ... In the Manhattan and Brooklyn offices of U.S. Bankruptcy Court, there were 1,132 Chapter 7 and Chapter 11 bankruptcies filed in February, versus 856 a year earlier; 1,584 in March, versus 954 in 2008; and 1,986 in April, versus 1,097 a year ago. The figures were misstated in a chart that ...
Survival strategy: Stay where you are.(NEWS)(Brief article)
Aug 17, 2009; ... Byline: Theresa Agovino Despite talk of better times just ahead, most New York companies are still focusing on survival. For many, that means staying right where they are, rather than enduring the trauma of a move. Nearly a third of leases signed during the first seven months of ...
Ditching Dumbo for downtown.(NEWS)
Aug 17, 2009 ... Byline: Amanda Fung Securitas Security Services USA Inc. is moving up the hill to downtown Brooklyn from Dumbo. The Parsippany, N.J.-based security services provider, which fields the security guards at Yankee Stadium and other venues, has signed a seven-year lease ...
Down-under space grabs gallery.(NEWS)(Brief article)
Aug 17, 2009; ... Byline: Adrianne Pasquarelli Oh, wow! Miami-based art gallery and book seller Our House West of Wynwood, aka O.H.W.O.W., is coming to the Big Apple. The business signed a five-year lease for 225 square feet at 227 Waverly Place, between Seventh Avenue and West 11th Street. The ...
A tale of two retailers.(NEWS)
Aug 17, 2009 ... Earlier this month, Mayor Michael Bloomberg joined J.C. Penney Chief Executive Myron Ullman to snip the ceremonial ribbon at the chain's new flagship in Herald Square. Media accounts cheered this sign of vitality in the city's retail sector. No such hurrahs greeted the news in ...
Executive Moves.(NEWS)
Aug 17, 2009 ... Byline: Maia Blume The Blackstone Group: Byron Wien, 76, joined the investment and advisory firm as vice chairman of Blackstone Advisory Services. Most recently, he served as chief investment strategist for Pequot Capital, and prior to that, he worked for Morgan Stanley as chief ...
Top of the compost heap.(NEWS)
Aug 17, 2009 ... Byline: Hilary Potkewitz In Union Square, she's known simply as the Compost Lady. On Mondays, Wednesdays, Fridays and Saturdays, starting at 8 a.m., Aurelia Kaelin wheels giant gray garbage bins to a corner of Union Square, where a parade of conscientious New Yorkers dump sacks ...
HOTEL GRIFFOU.(NEWS)
Aug 17, 2009 ... HOTEL GRIFFOU 21 W. Ninth St. (212) 358-0228 CUISINE American/retro PRICE RANGE $17 to $40 SERVING Dinner RESERVATIONS Suggested NOISE LEVEL Loud to sane ...
ONLINE POLL.(NEWS)
Aug 17, 2009 ... Should low-flying aircraft be banned over the Hudson? Date of poll: Aug. 10 313 votes 52% YES. The recent collision of a small plane and a helicopter was an accident waiting to happen, and the Federal Aviation Administration needs to take ...
Health Care Reform.(NEWS)
Aug 17, 2009 ... with congress in recess, the center of the debate has shifted to town halls across America. All that's known for sure at this point about the outcome is that the stakes are hugeand that months of Congressional wrangling lie ahead. ...
Politicians.(NEWS)
Aug 17, 2009 ... SEN. KIRSTEN GILLIBRAND, D-New York Greatest Hope That the bill includes a "not-for-profit public option to lower health care costs for small businesses and ...
Nurses.(NEWS)
Aug 17, 2009 ... NEW YORK STATE NURSES ASSOCIATION Greatest Hope "That the American public will see past the distortions of opponents of reform, and will support a single-payer, "Medicare for all' system that is the best choice for fairness and cost savings. Greatest Fear ...
Williamsburg's shrinking Finger; In new hands, tower gets downsized, and the neighborhood counts its blessings.(NEWS)
Aug 17, 2009; ... Byline: Amanda Fung Williamsburg, Brooklyn's condo magnet, is getting a downscaled residential tower more to its liking, courtesy of the recession. GFI Development Co., the company behind the controversial Finger Building, recently closed on a $13.2 million ...
Hot jobs.(NEWS)
Aug 17, 2009 ... Byline: MIRIAM KREININ SOUCCAR DIRECTOR COMPANY Brooklyn Workforce1 Career Center JOB DESCRIPTION Running a workforce development program that serves 17,000 new customers a year MOST IMPORTANT TASKS Improving operations and efficiencies related ...
Employers.(NEWS)
Aug 17, 2009 ... LAUREL PICKERING, executive director, New York Business Group on Health (employers' lobbyist) Greatest Hope "We want to see a fundamental shift in the way doctors and hospitals are paidpaying for value, not volume. Greatest Fear ...
Insurers.(NEWS)
Aug 17, 2009 ... NEW YORK HEALTH PLANS ASSOCIATION (a leading insurance lobbyist) Greatest Hope "That the reform plan will use existing commercial health insurers and not rely extensively or solely on a government-run ...
Hospitals.(NEWS)
Aug 17, 2009 ... DANIEL SISTO, president, Healthcare Association of New York State (a leading hospital lobbyist) Greatest Hope "That we see a meaningful expansion of coverage so everyone has access to health care and at the same time a rational and sustainable reimbursement ...