Crain's New York Business back issues from September 2009:
All together now: IT firm consolidates.(NEWS)(Brief article)
Sep 07, 2009 ... Byline: Amanda Fung Axispoint inc. is turning a good price on a Madison Avenue sublease into a chance to consolidate. The information technology provider has subleased 19,200 square feet for three and half years from BT Americas Inc.the local arm of the London-based ...
Astoria shrugs off downturn's worst; Diversity and retail strength help to weather storm.(NEWS)
Sep 07, 2009; ... Byline: AMANDA FUNG With the recession raging and two locations just a mile from each other in Astoria, the owners of Brooklyn Bagel & Coffee Co. made an odd decision back in June. They decided to open a third outpost in the middle-income Queens neighborhood famous for its ...
Betsy's back in health care battle. Yikes! Hoping to do to Obama's plan what she did to Clinton's.(NEWS)
Sep 07, 2009 ... Byline: HILARY POTKEWITZ It's 8:15 in the morning, and Betsy McCaugheyin a trim business suit and heelsis charging through the doors of SUNY Downstate hospital in Brooklyn en route to a packed auditorium. She's there to speak to scores of doctors in her capacity as chairman of ...
IN BRIEF.(NEWS)(Brief article)
Sep 07, 2009 ... FORMER ALLIANCEBERNSTEIN CHIEF EXECUTIVE LEWIS A. SANDERS PLANS TO launch a money management firm in Januarya move that could ruffle feathers at his former employer, which ousted him last December. Sources tell Pensions & Investments, a Crain's publication, that the new investment firm ...
Cabrini aims to bring in enough to pay its debts.(NEWS)
Sep 07, 2009 ... Byline: Theresa Agovino The five-building former Cabrini Medical Center complex near Gramercy Park will hit the market this week, shepherded by Grubb & Ellis Inc. The 450,000-square-foot property hasn't officially been offered for sale. But Vincent Carrega, an ...
The Week Ahead.(NEWS)(Calendar)
Sep 07, 2009 ... Byline: Maia Blume NETWORKING RECEPTIONS MONDAY, SEPTEMBER 14 F2F SPEED NETWORKING hosts a reception from 5:30 p.m. to 8 p.m. at Select Office Suites, 1115 Broadway. The fee is $35. For more details, call (718) 757-6933 or e-mail ...
Co-op City gets hammered; Joblessness hits 12.3% in working-class area long seen as bastion of stability; not S. Bronx.(NEWS)
Sep 07, 2009 ... Byline: DANIEL MASSEY Manny Santiago is sweating out the recessionliterally. Revenues at his Bartow Florist Boutique in Co-op City are off by 50% this year, leaving Mr. Santiago struggling to keep up with his rent. Determined to tough out the recession, he's decided ...
MUSIC EXEC SCORES PROMOTION; CORPORATE LADDER.(NEWS)
Sep 07, 2009 ... Byline: Maia Blume Mike Jbara, 43, was promoted to president and chief executive of WEA Corp., a music distribution company owned by Warner Music Group. He had been executive vice president and chief operating officer. In his new post, Mr. Jbara will continue to oversee ...
Awaiting The Lost Symbol; Can the latest tome from Da Vinci Code's Dan Brown revive a moribund industry?(NEWS)
Sep 07, 2009 ... Byline: MATTHEW FLAMM If the author of The Da Vinci Code had deliberately set out to wait six and a half years to follow up on the best-selling hardcover adult novel of all time, he couldn't have timed it any better. When Dan Brown's long delayed The Lost Symbol goes ...
Bargains + confidence = bounce.(NEWS)
Sep 07, 2009; ... Byline: Amanda Fung Funny how powerful a mix of deep discounts and rising business confidence can be. That combination is moving many tenants to think seriously about getting off the fence and signing new leases. Average asking rents in Manhattan this year are down 15%, ...
Viewpoint.(NEWS)
Sep 07, 2009 ... Vance for Manhattan DA In the 1980s, a friend of Manhattan District Attorney Robert Morgenthau's told him that he had been shaken down at every step of his company's renovation of the Rainbow Room. The contractor told the DA he would never work in New York City again, and Mr ....
Executive Moves.(NEWS)
Sep 07, 2009 ... Byline: Maia Blume Lazard Ltd.: Tom Tuft, 62, will join the financial advisory and asset management firm as chairman of global capital markets advisory and vice chairman of U.S. investment banking in November. He is chairman of the equity capital markets group at Goldman Sachs & ...
COMPANY.(NEWS)
Sep 07, 2009 ... COMPANY 230 Ninth Ave. (212) 243-1105 www.co-pane.com * CUISINE Italian-American PRICE RANGE ...
BAR LUNA.(NEWS)
Sep 07, 2009 ... BAR LUNA 511 Amsterdam Ave. (212) 362-1098 www.barlunanyc.com * 1/2 CUISINE American PRICE ...
This coach is an ace.(NEWS)(Brief article)
Sep 07, 2009 ... Byline: Hilary Potkewitz Speed. Agility. Focus. Determination. All the athletes who have made it to the US Open tennis tournament possess these qualities, including the ball boys and girls. Tina Taps makes sure of it. [paragraph] As the director of ball persons for the Open, Ms ....
The health of NY small businesses.(NEWS)
Sep 07, 2009 ... Byline: Greg David Congress returns to Washington this week with one compelling task: Pass historic legislation to fundamentally reform the health care system to cover the uninsured and, theoretically, lower costs. Lost in the extensive debate is how such a change will also ...
Hot Jobs.(NEWS)(Brief article)
Sep 07, 2009; ... Byline: MIRIAM KREININ SOUCCAR ASST. VP, DEVELOPMENT & CAMPAIGNS ORGANIZATION New York University JOB DESCRIPTION The No. 2 fundraising position at the school MOST IMPORTANT TASKS Managing the cultivation of individual gift prospects of $1 ...
In the Markets.(NEWS)
Sep 07, 2009 ... Byline: Aaron Elstein Avis motors back from graveside When investors have been expecting a company's imminent demise, mere survival can produce spectacular results on Wall Street. That's the case with Avis Budget Group Inc., which is the surprising top performer on ...
Don't forget succession planning amid recession.(NEWS)
Sep 07, 2009 ... Byline: Anne Fisher IF YOU OWN A BUSINESS, you know how tough it is just to stay solvent. Still, Steve Parrish, who consults with entrepreneurs for the Principal Financial Group, says his firm has done more than 200 business valuations so far this year, and a surprisingly high ...
The Insider.(NEWS)
Sep 07, 2009; ... Byline: Erik Engquist and Daniel Massey Guv's fundraiser has horse in race Gov. David Paterson is facing criticism for attending a fundraiser for his campaign that was hosted by an Albany lobbying firm whose principal is involved in one of the Aqueduct bidsjust as the ...
DOES MIKE BACK CUNY? It's academic.(NEWS)(Brief article)
Sep 07, 2009 ... MAYOR MICHAEL BLOOMBERG announced last month that if elected to a third term, he would allocate $50 million to boost the city's community colleges. The campaign-trail promise comes at a time when it's becoming increasingly chic for policymakers to talk of community colleges as ...
The new kings of Wall St. One year after Lehman's demise, new elite rises.(NEWS)
Sep 07, 2009 ... Byline: AARON ELSTEIN On Sept. 16, 1920, at precisely one minute after noon, Wall Street was literally shaken to its foundations when a massive bomb exploded outside J.P. Morgan's headquarters, killing dozens and injuring hundreds more. Pockmarks from the blast are still ...
MADE IN NEW YORK; Lepore preps collection for Fashion Week runway.(NEWS)
Sep 07, 2009 ... Byline: ADRIANNE PASQUARELLI On a steamy day in August, Nanette Lepore is in crunch mode getting ready for Fashion Week. Sketch boards and fabric swatches are propped against walls in her garment district office, and her staff is hastily cutting patterns and pinning materials ....
By the numbers.(NEWS)
Sep 07, 2009 ... NOT A BAD WAY to end the summer, with mortgages cheap, houses selling, jobs losses slowing, and factory orders rising. Champagne sales stink, true, but it's far too early to party. -41% JULY DROP in value of metro construction starts vs. a year earlier ...
INHOSPITABLE CLIMATE.(NEWS)
Sep 07, 2009 ... Cabrini aims to bring in enough to pay its debts. $145M Desired minimum sale price ...
e-Retailer ready for fall; Executive makes Bluefly profitable by responding quickly to fashion trends.(NEWS)
Sep 07, 2009 ... Byline: ADRIANNE PASQUARELLI Melissa Payner Melissa payner has been running trendy Internet retailer Bluefly Inc. for nearly six years. With the crucial back-to-school shopping season wrapping up and holiday sales just around the corner, she's gearing up for a new ...
Financial firm rout is downer for Greenwich; Dependence on shaky sector leaves high-end holes.(NEWS)
Sep 07, 2009 ... Byline: THERESA AGOVINO As everybody knows, in real estate, location is key. No wonder executives at Antares paid a whopping $880 a square foot in March 2007 for a building in an area thick with hedge funds paying rents in the triple digits per square foot. The ...
Buying opportunity; Builders, investors mopping up smaller distressed projects.(NEWS)
Sep 07, 2009 ... Byline: AMANDA FUNG Last month, Boaz Gilad pounced on his latest project. He bought the unfinished shell of a 21-unit Williamsburg condominium from lenders for $2.9 million64% less than his predecessor had spent to buy the land and complete 60% of the project. Mr. Gilad plans to ...
Resume Review.(NEWS)
Sep 07, 2009 ... We ask the experts. NAME BRUCE ARNOLD OBJECTIVE Leverage my global production experience with a dynamic apparel company EXPERIENCE * Ralph Lauren Childrenswear Inc., 2007-2008 Senior director, product development Launched profit ...
Lehman exiles strike out on their own; Bankers turned entrepreneurs use biz school skills.(NEWS)
Sep 07, 2009 ... Byline: KIRA BINDRIM Lehman brothers had been conducting layoffs for six months by the time David Ambinder's name was called in June 2008. Then Lehman's senior vice president of global business support services, the banking veteran saw few job openings in finance. So Mr ....
SHORT TAKEPrimary math.(NEWS)(Brief article)
Sep 07, 2009; ... Byline: Greg David Some New York City numbers to ponder: 8.4 millionpopulation, according to a 2008 census estimate 4.2 millionregistered voters 2.6 millionvote total in the 2008 presidential election 1.5 millionvote total in the 2001 ...
Tenant finds terrace at perch over park.(NEWS)(Brief article)
Sep 07, 2009; ... Byline: Theresa Agovino After an extensive search, Coastal Development, which finances resorts, signed a 10-year lease for some 13,000 square feet at 745 Fifth Ave., between East 57th and East 58th streets. The 18th floor boasts two terraces with Central Park viewsone of them ...
New York, New York.(NEWS)
Sep 07, 2009 ... Nuyorican Cafe exhibits growth The nuyorican poets cafe, a tiny but influential East Village arts space famous for its poetry slam, is stepping further into the spotlight. This spring, the organization, which began in 1973 as a living room salon in the apartment of ...
Corrections and clarifications.(Correction notice)
Sep 07, 2009 ... Manny Santana owns the Bartow Florist Boutique featured in an article, "Co-op City Gets Hammered." His surname was misstated in the ...
Community deals sell NY down river.(NEWS)
Sep 14, 2009; ... Byline: Alair Townsend The bronx isn't burning, but it is suffering from the highest unemployment rate of any major area of our state. The borough's July unemployment rate of 12.5% (not yet seasonally adjusted) soared past that for New York state, 8.6%, and New York City, 9.8% ....
WHAT THE HECK IS IT?(NEWS)
Sep 14, 2009 ... ONLINE POLL READERS PROPOSED CHEEKY NICKNAMES last week for developer Bruce Ratner's latest designs for his planned Barclays Center, the new Brooklyn home for his New Jersey Nets basketball team. * The Barclays Basket * The Arena That Will Look Great After ...
Bed-Stuy biz district to get an upgrade.(NEWS)(Bedford-Stuyvesant)(Brief article)
Sep 14, 2009; ... Byline: Amanda Fung The commercial heart of Brooklyn's Bedford-Stuyvesant is getting a major makeoverplus two affordable-housing developments. Next month, the neighborhood's brand-new business improvement district, called Bed-Stuy Gateway, will officially begin ...
BIANCARDI MEATS.(NEWS)
Sep 14, 2009 ... 1930 Antonio and Anna Biancardi open a meat store in the South Bronx 1953 Their son Anthony joins the business 1960s Biancardi purchases its first truck to pick up meat from the wholesale market 1983 Anthony's son ...
C.O. BIGELOW APOTHECARIES.(NEWS)
Sep 14, 2009 ... 1838 Village Apothecary opens two doors away from Bigelow's current location 1880 Clarence Otis Bigelow becomes its third owner and renames it C.O. Bigelow 1902 Bigelow Building rises on Sixth Avenue between Eighth and Ninth streets 1939 William Ginsberg ...
Bank's woes hurt developer; Problems at Boymelgreen's lending arm flare as setbacks loom elsewhere.(NEWS)
Sep 14, 2009 ... Byline: THERESA AGOVINO When developer Shaya Boymelgreen co-founded LibertyPointe Bank four years ago, he aimed to use his real estate expertise to help the bank become an industry specialist. That part of the plan, at least, worked. Today, 92% of the bank's loans are related to ...
In brief.(NEWS)(Brief article)
Sep 14, 2009 ... A BLOCK'S WORTH OF VACANT REAL ESTATE DOWNTOWN IS BEING TRANSFORMED INTO A public art exhibition space until the market picks up again. Trinity Real Estate, which manages Trinity Wall Street's 6 million square feet of commercial real estate, is donating an entire city block between Canal, ...
Broadway's season opens with whimper; Crowds down 9% as fall's stars take stage.(NEWS)
Sep 14, 2009 ... Byline: MIRIAM KREININ SOUCCAR Can james bond save Broadway this season? The Great White Way is packed with movie stars this fall, and the celebrity-studded roster begins this month with A Steady Rain, starring 007 actor Daniel Craig and X-Men's Hugh Jackman. Soon ...
The Week Ahead; Sept. 21-27.(NEWS)(Calendar)(Conference notes)
Sep 14, 2009; ... Byline: Maia Blume CONFERENCES TUESDAY, SEPTEMBER 22 THE NEW YORK SOCIETY OF SECURITY ANALYSTS will hold its fourth annual construction and materials conference from 8:30 a.m. to 5 p.m. at 1177 Sixth Ave., second floor. Tickets are $195 for members and ...
Fewer subleases a good signal.(NEWS)
Sep 14, 2009 ... Byline: Theresa Agovino The tide of sublease space that flooded the market amid the recession has played a major role in depressing commercial rents. Now there are early signs that tide may at last be ebbing. The sublease vacancy rate slipped in August to 2.8% from 3% in Julythe ...
Best cure for sick-day plan.(NEWS)
Sep 14, 2009 ... What self-respecting business wouldn't give its workers paid sick days? One that can't afford to do so. That's the fundamental reason why a proposal sailing through City Council to require paid sick days should be stopped. The law's reach is breathtaking. Firms with only a few ...
Crain's endorsements in the primary.(NEWS)(Interview)(Brief article)
Sep 14, 2009 ... Comptroller: David Yassky is the only candidate among the four City Council members running for this post who emphasizes spending cuts over higher taxes. He strongly supports a new, less generous tier of public pension benefits as a step toward dealing with billions in added retirement ...
Executive Move.(NEWS)
Sep 14, 2009 ... Byline: Maia Blume CNN: Jamie Kraft, 43, was named executive producer of American Morning. He has been acting executive producer since May. Before that appointment, Mr. Kraft was senior broadcast producer for the show. Jujamcyn Theaters: Jordan Roth, 33, was named ...
Muppet master.(NEWS)(Occupation overview)(Brief article)
Sep 14, 2009; ... Byline: Hilary Potkewitz kevin clash was just a puppeteer performing bit parts on Sesame Street when Elmo fell in his lap. The fuzzy red Muppet was a new addition to the children's show, and the original actor didn't take to the role. [paragraph] "He said: "I'm not really ...
OCEANA.(NEWS)
Sep 14, 2009 ... OCEANA 1221 Sixth Ave. (212) 759-5941 www.oceanarestaurant.com * * * CUISINE Seafood PRICE RANGE Entrees $28-$48 SERVING Lunch, dinner, 7 days ...
Haitians extend their roots in Queens; Community's needs evolve as it matures; advocacy group gets new home to help.(NEWS)(Haitian-americans United for Progress inc)
Sep 14, 2009; ... Byline: Hilary Potkewitz Haitian-americans United for Progress, a group that started out more than 30 years ago offering immigration-related services to the growing Haitian and Caribbean communities in Cambria Heights and neighboring St. Albans, Queens, has come a long way. ...
Hot Jobs.(NEWS)(Brief article)
Sep 14, 2009; ... Byline: AMANDA FUNG CHIEF FINANCIAL OFFICER ORGANIZATION Abyssinian Development Corp. JOB DESCRIPTION Responsible for financial management, accounting and administrative operations at the Harlem nonprofit MOST IMPORTANT TASK Advise members of ...
Hot tips for online incorporation; Ask experts before hitting legal sites.(NEWS)(Company overview)
Sep 14, 2009; ... Byline: ELAINE POFELDT When liz bazini and Karen Hopp incorporated PR firm Bazini Hopp in April, they created their limited liability corporation through LegalZoom, spending $359 to use the site's package of services and another $443 to pay other expenses, such as a state filing ...
How to use economic chaos to spur innovation.(NEWS)
Sep 14, 2009 ... Byline: Anne Fisher GUESS WHAT THE FOLLOWING companies all have in common: Disney, Hyatt, FedEx, Microsoft, Apple, 20th Century Fox, Merck, Eli Lilly, Sun, GE and Amgen. Give up? They, and many more big thriving enterprises, were founded during severe economic downturns. ...
RUDY ON THE RUN? "Loss' no biggie.(NEWS)
Sep 14, 2009 ... RUDY GIULIANI LOST ANOTHER RACE last week, though this one cost him far less than his $50 million presidential campaign. The former mayor's candidate for chairmanship of the state Republican Party, Henry Wojtaszek, conceded the position to GOP activist and fundraiser Edward Cox. ...
The Insider.(NEWS)
Sep 14, 2009; ... Byline: Erik Engquist and Daniel Massey Dems barrel through no-passing zone Reform will have to wait a bit longer in Albany, and not just because the state Senate failed to pass an ethics bill last week. The process by which legislation was hammered outor, rather, ...
Li & Fung expands at 1359 B'way.(NEWS)(Li and Fung Ltd.)(Brief article)
Sep 14, 2009; ... Byline: Theresa Agovino Li & Fung USA leased an additional 24,200 square feet at 1359 Broadway, bringing its total in the building between West 36th and West 37th streets to about 120,000 square feet. In the building since 2006, Li & Fung occupies five floors and ...
In the markets.(NEWS)
Sep 14, 2009 ... Byline: Aaron Elstein Option ARMs could leave exec's hands tied at Wells Fargo Citigroup inc. ceo vikram pandit was fuming last year when Wells Fargo & Co. Chief Executive John Stumpf trumped his bid to acquire Wachovia. Mr. Pandit should thank his stars he never ...
Secret deals in Marriott legal battle; Hotel owner's suit claims management rooms with union.(NEWS)
Sep 14, 2009 ... Byline: LISA FICKENSCHER the courtyard marriott on First Avenue and East 92nd Street seemed destined for success when it first opened in August 2006. At the time, the neighborhood lacked a major hotel but had plenty of potential customers from visitors to the nine nearby ...
MOSCOT.(NEWS)
Sep 14, 2009 ... 1899 Hyman Moscot starts out with a pushcart 1915 Rivington Street store opens 1925 Hyman's son Sol joins the family business 1950 Store moves to 118 Orchard St. 1951 Sol's son Joel joins the business 1986 Joel's son Harvey comes ...
Leading the Philharmonic; New music director courts philanthropists, conducts mom.(NEWS)
Sep 14, 2009 ... Byline: MIRIAM KREININ SOUCCAR Alan Gilbert The new york Philharmonic enters a new era on Wednesday, when the season opens with music director Alan Gilbert at the helm. Head of the Royal Stockholm Philharmonic for the past eight years as well as a guest conductor for ...
Resume Review.(NEWS)
Sep 14, 2009 ... Is your job search all it could be? We ask the experts. NAME STACY WONG OBJECTIVE Land a full-time graphic design position EXPERIENCE * Green Spaces, Brooklyn, 2009-present Design intern Provide design services to 10-plus ...
Secrets of the survivors; When your family business has been around three or four generations, you know a thing or two about making it through tough times.(NEWS)
Sep 14, 2009 ... Byline: CARA S. TRAGER In 1930, Italian immigrant Antonio Biancardi and his American-born wife, Anna, opened a Bronx butcher shop based on a simple premise: In good times or bad, people always need to eat. That maxim, which his son, Anthony, often repeated, convinced Antonio's ...
CORRECTION.(NEWS)(Correction notice)
Sep 14, 2009 ... Manny Santana owns the Bartow Florist Boutique, which was featured in the Sept. 7 article "Co-op City gets ...
STRAND BOOKSTORE.(NEWS)
Sep 14, 2009 ... 1927 Benjamin Bass opens book shop on Fourth Avenue 1946 Fred Bass starts part-time while in high school 1958 Store loses lease after landlord dies; Strand moves to its current location, leasing 3,000 square feet at Broadway and 12th Street 1973-79 Strand ...
WYNN OR LOSE; Vegas superstar faces uphill race at Aqueduct; high rollers in Queens?(NEWS)(Steve Wynn)
Sep 14, 2009; ... Byline: AMANDA FUNG In 1999, Steve Wynn, the man who helped transform Las Vegas into a glamorous gambling mecca, built an eight-acre fountain that performs a watery dance set to music every half-hour in front of his newest casino there. Seven years later, he installed an even ...