Crain's New York Business back issues from October 2009:
Filling big shoes in a very big city.(NEWS)
Oct 05, 2009; ... Byline: Alair Townsend If Brooklyn were a freestanding city, it would be the fourth largest in the country, with its population of 2.5 million people. For years, the CEO of Brooklyn Union Gas, later renamed Keyspan, exercised special stewardship for the borough. But in 2007, ...
Creative solutions from arts execs; Rewriting budgets last fall has paid off for leading players.(NEWS)
Oct 05, 2009 ... Byline: MIRIAM KREININ SOUCCAR Not long after wall street's stunning collapse last fall, top managers at New York's largest performing arts institutions quickly and decisively cut their budgets and refocused on their core creative missions. Take a bow, folks: Many of ...
Theater on the cheap; By acting like airlines, venues transform ticket sales.(NEWS)
Oct 05, 2009 ... Byline: LISA FICKENSCHER IT USED TO BE THAT LOYAL PATRONS who bought season tickets to the Metropolitan Opera or Jazz at Lincoln Center got the best available prices. But that's no longer the case. The performing arts community is struggling to adapt to the same ...
Bloomberg aims to lasso BizWeek; Move part of big push into consumer market.(NEWS)(Company overview)
Oct 05, 2009 ... Byline: MATTHEW FLAMM Mayor Michael Bloomberg is a name familiar to millions of consumers. Bloomberg LP, the financial news and information company he founded nearly 30 years ago, is not. That may be about to change. Best known for data terminals used by ...
The Week Ahead; Oct. 12-18.(NEWS)(Calendar)(Conference notes)
Oct 05, 2009; ... Byline: Maia Blume CONFERENCES THURSDAY, OCTOBER 15 COLUMBIA BUSINESS SCHOOL'S Private Equity Program will host a conference on changes in the global auto industry from 8:30 a.m. to 12:30 p.m. at Lerner Hall, 2920 Broadway. The fee is $25, and ...
PICK OF THE WEEK.(NEWS)
Oct 05, 2009 ... Wednesday, October 14 Rosa Mexicano hosts a Chocolate Festival, with a tasting dinner at 6:30 p.m. for $65 per person, including tax and gratuity. The month-long festival features chocolate-inspired menus and teaches guests to prepare chocolate dishes, both sweet ...
CREATIVE AD EXEC MAKES BIG MOVE.(NEWS)
Oct 05, 2009 ... Byline: MAIA BLUME Ronald Ng, 39, was promoted to executive vice president and executive creative director at BBDO New York and will start in his new position in December. He is currently chief creative officer of BBDO/Proximity Malaysia. Since joining in 2004, Mr. Ng has ...
Office condominiums a tough sell.(NEWS)
Oct 05, 2009 ... Byline: Amanda Fung It's not just the market for entire office buildings that is sucking wind these days, with dollar volume down by more than 75% in the first half of the year. Oddly enough, the market for bite-sized, easier-to-finance pieces of those buildings, called office ...
Dressmaker married to space.(NEWS)
Oct 05, 2009 ... Byline: Amanda Fung The dessy group, a maker of bridesmaid and fancy party dresses, will remain at its Chelsea office. It has renewed its seven-year lease for 18,400 square feet at 111 W. 19th St. for another seven years. The asking rent for the space was in the ...
Eco-politics in Brooklyn.(NEWS)(financing the cleanup of Gowanus Canal )
Oct 05, 2009 ... Here are two alternatives for the polluted Gowanus Canal in Brooklyn. Option one goes like this: The Bloomberg administration will commit city funds to jump-start a cleanup of the canal and strike deals with companies that polluted the area in the past to raise hundreds of millions of ...
Executive Moves.(NEWS)
Oct 05, 2009 ... Byline: Maia Blume J.P. Morgan: Jes Staley, 52, was named chief executive of the investment bank, succeeding Bill Winters, 48, and Steve Black, 57. Mr. Black was appointed to the post of executive chairman of the investment bank. Mary Callahan Erdoes, 42, will replace Mr. Staley ...
Fashion firm tries on smaller size.(NEWS)
Oct 05, 2009 ... Byline: Amanda Fung In a bold cost-saving move, Almar Sales Co. will downsize its space when it switches to its new home. The fashion accessories firm has signed a 10-year lease for 11,750 square feet at 320 Fifth Ave., at West 32nd Street. Almar currently occupies ...
FOR THE RECORD.(NEWS)
Oct 05, 2009 ... ABOUT THIS SECTION FOR THE RECORD is a weekly listing of information from the public record that can help businesspeople find opportunities in the New York area by providing leads for clients, potential new business and competitors. For questions or more information ...
Making a stand.(NEWS)(award ceremoney of pub)(Brief article)
Oct 05, 2009; ... Byline: Hilary Potkewitz There are award-winning magazines; then there are award-winning magazine vendors. Mohammed Ahmed, 52, who runs Casa Magazines in the West Village, is the latter. In a corner shop at Eighth Avenue and West 12th Street, he fits 3,000 magazine titles into ...
GANSEVOORT 69.(NEWS)
Oct 05, 2009 ... GANSEVOORT 69 69 Gansevoort St. (212) 691-0069 * CUISINE American comfort PRICE RANGE Entrees $14 to $26 SERVING Three meals daily RESERVATIONS Not yet NOISE ...
Hot Jobs.(NEWS)(Brief article)
Oct 05, 2009 ... Byline: AMANDA FUNG VP FOR DEVELOPMENT ORGANIZATION Goodwill Industries of Greater New York and Northern New Jersey JOB DESCRIPTION Implement a comprehensive fundraising program MOST IMPORTANT TASK Initiate a $10 million to $12 million capital ...
Short attention span may be hazardous to your career.(NEWS)(Occupation overview)(Brief article)
Oct 05, 2009; ... Byline: Anne Fisher NOT LONG AGO, Randall Seale, co-owner of Ultra Hair Salon on Essex Street, went to a dinner party. "At one point, eight of us were sitting around this beautifully set table and, instead of talking to each other, we were all texting or tweetingeven the ...
In Brief.(NEWS)(JetBlue Airways Corp)(Brief article)
Oct 05, 2009 ... JETBLUE AIRWAYS HAS NARROWED ITS CROSS-COUNTRY HEADQUARTERS SEARCH TO TWO citiesNew York and Orlando, Fla.but the contest isn't just between North and South. City officials late last month led JetBlue executives on tours of sites in Queens, Brooklyn and Manhattan, setting off the prospect ...
Mayor chided for schools hypocrisy.(NEWS)
Oct 05, 2009 ... Mayor Michael Bloomberg's disparaging of challenger William Thompson's schools overhaul as too expensive is hypocritical, Manhattan Institute senior fellow Nicole Gelinas charges. The mayor himself has thrown money at the problemraising city spending on education to almost $11 billion from ...
NEXT MAYOR Looking toward 2013.(NEWS)
Oct 05, 2009 ... LAST WEEK'S RUNOFF ELECTIONS for comptroller and public advocate shift the Democratic landscape for the 2013 mayoral race. The winners, Councilmen John Liu of Queens and Bill de Blasio of Brooklyn, become part of the conversation, but insiders say both face major obstacles. "While the city ...
Unhappy homecoming; Returning soldiers must fight to get Wall St. jobs back.(NEWS)
Oct 05, 2009 ... Byline: HILARY POTKEWITZ Leaving a good job at J.P. Morgan to go sailing in the Persian Gulf was not part of James Townsend's career plan, but the Navy Reserve had its own ideas. Mr. Townsend, a technology director and senior manager in corporate risk services, was ...
Lenox Hill calls end to solo act; Hospital issues RFP for merger, affiliation: three are interested.(NEWS)
Oct 05, 2009 ... Byline: BARBARA BENSON After years of struggling financially, Lenox Hill Hospitalone of the last independents in the cityis finally throwing in the towel. It has issued a request for proposals in the hope of arranging either a merger or an affiliation with one of its stronger ...
Maiden Lane lands consolidation.(NEWS)(Brief article)
Oct 05, 2009; ... Byline: Amanda Fung Assent, which develops trading systems for securities firms, is consolidating its Manhattan offices. The company has signed a five-year lease for 18,900 square feet at 59 Maiden Lane. The asking rent for the space was $40 per square foot. ...
In The Markets.(NEWS)
Oct 05, 2009 ... Byline: Aaron Elstein The best investment? Maybe ask your cabbie Investing in stocks has been a road to nowhere all decade, with the Standard & Poor's 500 posting a total return of -13% since the start of 2000. Boring old bonds have fared better (Pimco Total Return ...
NBC deal pressures Zucker; Possible sale raises expectations for broadcast unit.(NEWS)
Oct 05, 2009 ... Byline: MATTHEW FLAMM The news that cable operator Comcast Corp. may buy 51% of NBC Universal has stirred fresh debate over the performance of NBC Universal Chief Executive Jeff Zucker. Media insiders wonder if the company's parent, General Electric Inc., would want ...
New York, New York.(NEWS)
Oct 05, 2009 ... Byline: Valerie Block On health care, a great debate Health care reform opponent Betsy McCaughey apparently didn't get enough abuse from Jon Stewart during her Daily Show appearance this summer. Tonight, the Obamacare-bashing Ms. McCaughey appears before ...
Dollars and scents; Perfume shops open along Madison as customers stock up on unique fragrances.(NEWS)
Oct 05, 2009 ... Byline: ADRIANNE PASQUARELLI Luxury goods have taken a beating this year, with many high-end jewelers and apparel companies shutting stores or going bankrupt. Upscale fragrances, however, are smelling sweeter than ever. They are raking in cash and expanding, with several ...
Expert financial advice; Former Wall Street executive looks at economic reform.(NEWS)
Oct 05, 2009 ... Byline: AARON ELSTEIN Henry Kaufman Henry kaufman has been one of Wall Street's pre-eminent thinkers for more than 30 years. The former Salomon Brothers executive runs his own economic consulting firm and recently published The Road to Financial Reformation. ...
Queens rates with USDA.(NEWS)(Brief article)
Oct 05, 2009; ... Byline: Amanda Fung The U.S. Department of Agriculture is shifting its New York office from downtown Manhattan to Jamaica, Queens. The U.S. General Services Administration has signed a 10-year lease for 18,500 square feet at Queens Tower, located at 88-11 165th St., ...
What brokers do when leasing volumes dry up; Downtime means more hours, less pay-and a chance to make lemonade.(NEWS)
Oct 05, 2009 ... Byline: THERESA AGOVINO AND ADRIANNE PASQUARELLI For years, a frantic work schedule prevented real estate broker Robert Billingsley from having his arthritic left hip replaced, especially considering the lengthy recuperation the operation required. When the market was ...
BROKERS LOOK FROM PEAK TO PRESENT.(NEWS)
Oct 05, 2009 ... ACCORDING TO AN UNSCIENTIFIC CRAIN'S POLL conducted in late summer, commercial real estate brokers are putting in longer hours. They're spending more time closing deals and entertaining clientsbut they're making a lot less money. They also say they're feeling more stressed and less happy, ...
SALES MARKET HIT THE HARDEST.(NEWS)
Oct 05, 2009 ... Byline: THERESA AGOVINO BROKERS SEEKING TENANTS to lease space have faced awful markets this year. Those hoping that someone will actually be willing and able to buy a building have faced far worse. During the first half of the year, the number of Manhattan ...
LANDLORDS FIGHT BACK.(NEWS)
Oct 05, 2009 ... IN THE FACE OF A WAVE of successfulfrom the tenants' point of viewlease audits, landlords are fighting back. They are adding contract clauses that discourage audits. "Sometimes, leases are written to deny tenants the right to audit, says Richard Brown, co-chair of the leasing practice ...
Tenants call lease auditors for help; Many find large overcharges lurking in the fine print; landlords pay up.(NEWS)
Oct 05, 2009 ... Byline: ANDREW MARKS For two years, Joseph Scharf had a nagging suspicion that he was being overcharged on rent at one of his firm's Manhattan locations, but his partners told him he couldn't be right. "They thought I was just crying wolf, says Mr. Scharf, the ...
Resume Review.(NEWS)
Oct 05, 2009 ... Is your job search all it could be? We ask the experts. NAME DAWN ELIZABETH STONEBRAKER OBJECTIVE To find a publishing or Internet company where I can help contribute to the bottom line PROFESSIONAL EXPERIENCE * Davler ...
Retail rents rise on strip of Ninth Ave.(NEWS)
Oct 05, 2009 ... Byline: Adrianne Pasquarelli Rents on retail space may be falling in most areas, but not all. In fact, the cost of a storefront along Ninth Avenue in the West 50s continues to rise, according to Square Foot Realty broker Aaron Gavios. Mr. Gavios recently negotiated a ...
CRAZY LIKE A FOX; Guess who's tipping off the SEC on alleged accounting frauds? None other than the guy who cooked the books at Crazy Eddie.(NEWS)
Oct 05, 2009 ... Byline: AARON ELSTEIN Sam E. Antar knows a thing or three about fraud. He was chief financial officer at Crazy Eddie, the infamous appliance retailer with "insaaaaane prices that skimmed profits, evaded taxes, laundered cash and fudged inventories for a Madoff-esque ...
Glimmers of optimism amid recession; Having toughed it out, entrepreneurs are cautiously upbeat.(NEWS)
Oct 05, 2009 ... Byline: KIRA BINDRIM Last month, Michael Prichinello kept his Classic Car Club Manhattan open late for a potential client. The decision paid off: Ten minutes after arriving, the customer put a $15,000 membership on his credit card. "That's becoming typical again, ...
SHORT TAKEQuinn and the future.(NEWS)(Brief article)
Oct 05, 2009; ... Byline: Greg David Business insiders are worried about this week's Democratic primary runoff in which the winning candidates for comptroller and public advocate were ushered into office by the left-leaning Working Families Party. Both John Liu in the comptroller's office and ...
WHAT SHE'S READING.(NEWS)
Oct 05, 2009; ... Byline: VALERIE BLOCK LUCY ARNAZ, who performed at a recent Friar's Club charity event, is deep into self-help books, including Journey Beyond Words by Brent Haskell and A Course in Miracles. The daughter of Lucille Ball and Desi Arnaz, who told an entertaining story ...
The Week on the Web; Sept. 28-Oct. 4.(NEWS)
Oct 05, 2009 ... Byline: Elisabeth Butler Cordova Swine flu is once more in the air As autumn's chill arrived, swine flu rushed back into the headlines. New York's first batch of H1N1 vaccines, which will come in nasal spray form, is slated to hit the city this week. However, most of ...
NYer tapped for D.C. labor post hits wall.
Oct 05, 2009 ... Byline: Daniel Massey A Wyoming senator has vowed to continue his efforts to block the nomination of New York's labor commissioner to a top Obama administration post, despite requests from New York's congressional delegation and local business groups asking that he back the ...
Michelin's NYC restaurant picks and pans.
Oct 05, 2009 ... Byline: Lisa Fickenscher Chef Daniel Boulud finally made it into the elite club that many New Yorkers felt he belonged to all along. The 2010 Michelin restaurant guide, which goes on sale Tuesday, inducted Daniel into its three-star category, where it joins top ...
Conde Nast closes Gourmet, 3 other titles.
Oct 05, 2009 ... Byline: Matthew Flamm High-end magazine giant Conde Nast rocked the media world when it shut down four glossy titles Monday morning. Though cuts were expected at the privately-held division of Advance Publications Inc., the company had kept its cards close to its vest ...
CUNY Law takes cake for most liberal students.
Oct 05, 2009 ... Byline: Miriam Kreinin Souccar CUNY Law School at Queens College has the most liberal students of any law school in the country, and Columbia Business School is the fourth toughest to get into, according to The Princeton Review's 2010 editions of its law and business school ...
What's in a name? Plenty of money for Street's bankers; big brands pay up.(NEWS)
Oct 12, 2009 ... Byline: AARON ELSTEIN There's an old saying among Wall Streeters that only two things matter in life: how much you get paid and how others regard your firm. A survey of banking professionals released last week by the jobs Web site Vault.com demonstrates just how true that is: ...
A BLOOMBERG REPORT CARD.(NEWS)
Oct 12, 2009 ... QUALITY OF LIFE A post-Sept. 11 talent flight never materialized; the city's safer and confidence in its schools is up.JOBSThe past eight years' gains are below the eight-year median since 1975 and have been concentrated in low-wage sectors. FISCAL POLICY ...
In Brief.(NEWS)(Brief article)
Oct 12, 2009 ... THE SALVATION ARMY GREATER NEW YORK DIVISION IS LAYING OFF 120 EMPLOYEES, IN its second round of staff cuts in less than six months. The layoffs will come from the agency's foster boarding home and preventive care program, which is closing locations in December because the program's city ...
LOOK WHO REMADE NEW YORK; Socialite-slash-planning commish Amanda Burden has rezoned a fifth of the city, championed good design and driven big developers nuts.(NEWS)
Oct 12, 2009 ... Byline: THERESA AGOVINO When Amanda Burden was 12, her stepfather, CBS founder William Paley, turned the front lawn of the family's Manhasset, Long Island, home into a testing ground. He littered the yard with massive granite models of the skyscraper he was building to house his ...
The Week Ahead; Oct. 19-25.(NEWS)(Calendar)(Conference notes)
Oct 12, 2009; ... Byline: Maia Blume FORUMS THURSDAY, OCTOBER 22 MIT ENTERPRISE FORUM OF NYC will host an event on capitalizing on the growth in emerging markets from 6 p.m. to 9 p.m. at Holland & Knight, 195 Broadway, 24th floor. The event is free for members; nonmembers ...
ARCHITECT BUILDS ON SUCCESSFUL CAREER.(NEWS)
Oct 12, 2009 ... Byline: MAIA BLUME Carl Galioto, 55, was named senior principal and member of the New York management committee at HOK, a leading architecture and design firm. He was most recently at Skidmore Owings & Merrill, where he was the partner responsible for the technical group in New ...
ON THE MARKET.(NEWS)
Oct 12, 2009 ... $381 PRICE PAID per square foot for HSBC headquarters 6 BUILDINGS ...
Foreign buyers see bargains.(NEWS)
Oct 12, 2009 ... Byline: Theresa Agovino An israeli firm's deal to buy HSBC Bank USA's headquarters at 452 Fifth Ave. for $330 million signals that foreign investors see Manhattan real estate as a bargain despite the obvious market risks, experts say. The deal is especially daring ...
Advent + Tamale = Grace Building.(NEWS)
Oct 12, 2009 ... Byline: Theresa Agovino Advent Software signed a lease for 32,000 square feet at 1114 Sixth Ave., the curvy tower better known as the Grace Building. The company, which makes software products for the financial services industry, plans to move in May. Financial terms of the ...
When a Hus has no home.(NEWS)
Oct 12, 2009 ... Byline: Adrianne Pasquarelli The closure of stores falling victim to the recession is paving the way for other businesses to expand. Such is the case at 11 Christopher St., between Gay Street and Greenwich Avenue. There, Children's hair salon and gift boutique Doodle Doo's ...
Nonprofit grabs deal from Moinian.(NEWS)(Brief article)
Oct 12, 2009; ... Byline: Amanda Fung Community Healthcare Network is moving its office a few doors down Madison Avenue. The nonprofit, which provides primary care and social services to underserved New Yorkers, has signed a 15-year lease for 15,000 square feet at 60 Madison Ave. It ...
Get ready, Brooklyn: flood; Three huge apartment towers to hit downtown market; unsold condo units add to the glut.(NEWS)
Oct 12, 2009 ... Byline: AMANDA FUNG Downtown Brooklyn is awash in fast-food shops, shoe stores, subway stops and cutting-edge culture. Now it's about to find itself inundated with something unimaginable just a few years ago: luxury rental apartments. Next month, The Clarett Group ...
Mayor's economy: Grades are in; Bloomberg gets an A for quality of life, a C for budget.(NEWS)
Oct 12, 2009 ... Byline: DANIEL MASSEY When Mayor Michael Bloomberg announced last October that he wanted to change the law so he could run for a third term, he argued that his experience as "a businessman with expertise on Wall Street and finance would help the city confront an unprecedented ...
Best bet for Aqueduct project.(NEWS)
Oct 12, 2009 ... The state wants to create a gambling operation at the Aqueduct racetrack in Queens for a simple reason: It needs the hundreds of millions such an operation will send its way to plug gaping holes in the budget. Others have grander aspirations for the racino, including creating a new ...
Executive Moves.(NEWS)
Oct 12, 2009 ... Byline: Maia Blume PepsiCo Bottling North America: Eric J. Foss, 51, was named chief executive of the new bottling unit, in anticipation of the early-2010 merger between the Pepsi Bottling Group and PepsiAmericas. He currently serves as chairman and chief executive of the Pepsi ...
FOR THE RECORD.(NEWS)
Oct 12, 2009 ... ABOUT THIS SECTION FOR THE RECORD is a weekly listing of information from the public record that can help businesspeople find opportunities in the New York area by providing leads for clients, potential new business and competitors. To ask questions or get more ...
Vet's up to scratch.(NEWS)(Dr. Simon Starkey)(Brief article)
Oct 12, 2009; ... Byline: Hilary Potkewitz Mention a prickly customer, and most people will assume you're talking about a difficult person. When Dr. Simon Starkey uses the term, it's literal. [paragraph] "I get cut or scratched every day, says the 31-year-old vet for The Center for Avian and ...
A VOCE.(NEWS)
Oct 12, 2009 ... A VOCE 10 Columbus Circle, third floor (212) 823-2523 www.avocerestaurant.com * CUISINE Italianate PRICE RANGE Entrees $22-$38 SERVING Lunch weekdays, dinner seven days, brunch weekends ...
Owner gives Bronx artists brush-off; Budding colony at Banknote Building hit by rising rents; schools as Plan B?(NEWS)
Oct 12, 2009 ... Byline: hilary potkewitz Asouth bronx artists colony centered in and around the historic Banknote Building is wilting. Taconic Partners, the private equity firm that bought the building in 2007 for $32 million, shifted tenants to six-month leases and raised rents 10% ...
Project may put old rink on ice.(NEWS)(Brief article)
Oct 12, 2009; ... Byline: Amanda Fung After 50 years of service, Prospect Park's Kate Wollman Rink may be temporarily closed following this season. Skating will begin on schedule on Thanksgiving weekend, but once it ends in March, the bulldozers will move in. With more than ...