Crain's New York Business articles from January 2005

Crain's New York Business archives from January 2005

Retail, tourism drive '05 recovery.(Special Report: Economic Outlook)(Brief Article)
January 3, 2005... This year will be a good one for the new York City economy. It will be the year that finally marks the city's recovery from the dual blows of the Internet stock market crash and the attack of Sept. 11, 2001. The city's economy will be led...

Forget security woes; airport delays to rise in '05; Fewer flights on time as traffic increases, but carriers aren't ready to cut back.(News)
January 3, 2005... Byline: tommy fernandez Air travel is trying enough these days, with passengers expected to take off even their shirts to get past security and holiday snafus disrupting the travel plans for thousands. This year, travelers flying in...

Builders clamp down on idle workers; Take tougher line on staffing as union contract talks approach.(Special Report: Economic Outlook)
January 3, 2005... Byline: tom fredrickson Nearly every unionized construction job in New York City has a master mechanic, who is on site in case the steam shovels break down. Of course, steam shovels haven't been in use much since the middle of the last...

NY back in venture spotlight; Support for tech- based services makes area No. 2.(Special Report: Economic Outlook)
January 3, 2005... Byline: judith messina Steve Brotman was taken aback recently when he started getting cold calls from institutions wanting to invest in his venture fund. Usually it's the other way around: He's the one selling his fund to investors. ...

Wal-Mart: store for NY consumers in need; Huge retailer will offer lower prices, but critics zero in on labor practices.(Special Report: Economic Outlook)(New York)
January 3, 2005... Byline: elizabeth macbride Henry Calderon, president of the East Harlem Chamber of Commerce, would welcome a Wal-Mart to his neighborhood for a simple reason: prices. "In the past, people in this neighborhood paid higher prices for...

At Deadline.(Late News)(Silverstein Properties Inc. appointed Josef Mittlemann as a chief operating officer, Empire State Development Corp. appointed Howard Mills as insurance superintendent, survey of purchasing managers about New York City's economy)(Brief Article)
January 3, 2005... Silverstein Properties names veteran as COO silverstein properties inc. hired a 30-year real estate industry veteran for its newly created chief operating officer position. Josef Mittlemann, whose career has included stints at Cohen...

Tsunami wave to disrupt key NY businesses; Shipping woes; tourism fares worst.(News)
January 3, 2005... Byline: tommy fernandez and christine haughney The effects of the natural disaster in Southeast Asia are expected to reach as far as New York City in shortages of plywood, disruptions in apparel shipments and cancellations of planned...

Empire ratings may hurt hospitals; Insurer plans to rank facilities and steer patients to the best; 2 tiers, more costs.(News)
January 3, 2005... Byline: gale scott Empire Blue Cross Blue Shield intends to start rating New York's hospitals and steering patients to facilities that score highest in the insurer's rankings, based on the quality of care provided. In other parts of...

New Yorkers leap to Southeast Asia's aid; React quickly through nonprofits.(News)(Nonprofit NetAid Foundation)
January 3, 2005... Byline: elisabeth butler, With additional reporting by Gale Scott. Nonprofit NetAid Foundation originally set out to make sure that children growing up in Southeast Asian fishing villages received an education. Now, the Manhattan-based...

MTA mission could accelerate NY economy; Project go-aheads would set in motion much hiring, increase city productivity.(Special Report: Economic Outlook)
January 3, 2005... Byline: tommy fernandez Engineering firm DMJM & Harris has already put together a team of 20 architects and other experts to design the Second Avenue subway line. As work progresses, the midtown-based firm could add dozens more people. ...

Digital Book of Lists; Crain's on disk, online.(Special Report: Economic Outlook)
January 3, 2005... C rain's book of lists is the premier marketing tool for any company doing business in New York. Digital formats of Crain's popular year-end issue are available that include powerful software for viewing, sorting, editing and exporting...

Streamlined Street keeps the lid on jobs; High tech, low margins mean cuts; bonus-driven tax revenues still hefty.(Special Report: Economic Outlook)
January 3, 2005... Byline: aaron elstein Back in 1988, Melanie Griffith starred in Working Girl, a movie about a secretary from Staten Island who, through an unexpected twist, makes it as an investment banker in Manhattan. She'd have a hard time finding...

Bullish residents revive downtown's fortunes; While other sectors lag, population boom outpaces 2001 numbers.(Special Report: Economic Outlook)
January 3, 2005... Byline: daniel gross Next month, the first tenants will move into 2 Gold St., a 650-unit rental planted by Rockrose Development square in the middle of lower Manhattan's financial district-just around the corner from Glenwood Management's...

Small Business: Hip-hop designer seeks workers with rap sheets; Madsoul finds ex-cons hone edge.(Small Business)
January 3, 2005... Byline: kerry murtha Growing up in east harlem as the daughter of a single mother, Evelyn Abreu dropped out of school, joined a gang and was jailed as a young teenager for her part in a gang- related brawl. Now she's in a full-time job...

Wholesale move for Gift Mart; Merchandisers leave longtime home before its conversion; Trump lands office sweets.(real estate industry)(King & Spalding)(Gift Mart)(Gilford Securities Inc.)
January 3, 2005... Byline: christine haughney The new york gift mart-a menagerie of wholesalers hawking wares that range from Annalee dolls to Tuscan-inspired serving platters-is relocating to 7 W. 34th St. from its longtime Madison Square Park home at 225...

Turnarounds, oil issues help fire up NY stocks.(News)(Brief Article)
January 3, 2005... New York area stocks turned in a strong performance in 2004 boosted by turnarounds, acquisition candidates, apparel companies and oil-related issues. Overall, the Crain's/Bloomberg Index of 200 stocks rose 15.3% for the year ended Dec. 28. The...

The Weeks Ahead.(Calendar/Datebook)(Calendar)
January 3, 2005... Byline: adrianne pasquarelli this week's events January 5. Builders, Owners and Managers Association of New York holds program on the future challenges of real estate. 11:30 a.m. to 1:30 p.m., New York Marriott Marquis, 1535 Broadway,...

Correction.(Corrections)(Correction Notice)
January 3, 2005... The Japanese food products company opening an office in New York is Ajinomoto. The company's name was misspelled in a Dec. 20 "At Deadline'' item.

Chinese firms' arrival brings rare opportunity; Dozens of enterprises setting up in NY; other cities actively courting business.(Special Report: Economic Outlook)(New York)
January 3, 2005... Byline: samantha marshall Walking along Beijing's traffic-congested West Chang'an Avenue one evening last April, Laure Aubuchon was stunned by the sight of Rolls-Royce and Maserati dealerships lit by blazing neon signs. "When I was...

Local businesses leap to China.(Special Report: Economic Outlook)(New York business enterprises investment in China)
January 3, 2005... As investment capital is starting to flow back from China to the United States, foreign direct investment is hitting record levels in China, and New York businesses both large and small are poised to take advantage of that country's newly flush...

CoStar seeks leasing data.(News)(CoStar Group Inc.)(Brief Article)
January 3, 2005... Costar group inc. is compiling information for its list of the largest office leasing deals in Manhattan in 2004, to be published in Crain's New York Business on Feb. 7. Brokers and others with information on transactions that could qualify for...

New York, New York.(Briefs)(Earth Pledge is holding "Verdopolis: The Future Green City'' summit)(Morgan Stanley No. 1 global seller of stocks)(holiday season's hottest toy, poker )
January 3, 2005... Byline: edited by Valerie Block Going green before The Gates New Yorkers will have a chance to go green despite four more years of the Bush presidency. Timed to coincide with the unveiling of The Gates project for Central Park by...

Looking for papers and jobs over a Hamptons holiday.(News)
January 3, 2005... Byline: James Brady Here's how it was in the Hamptons over Christmas and as a new year began. At least for some of us, the best season out here. By late December a year earlier, we'd already had 16 inches of snow. This year, only a few...

Oxygen therapy offers fresh lift; Hyperbaric chambers save limbs, pump up revenues; local firm provides the means.(News)
January 3, 2005... Byline: gale scott Lying inside a pressurized cylindrical vessel at North General Hospital, Delores Ross smiles and by phone tells a visitor she feels like she's flying. A diabetic with a deep, two-inch ulcer on her right heel, Ms....

RECOVERY ACT II: New York's Economic Outlook.(Special Report: Economic Outlook)(Brief Article)
January 3, 2005... New York enters the second full year of its recovery from the terrorist attacks and recession with new momentum and big question marks. In this section, Crain's examines what will be different in the city's economy in 2005.

Government Alert: Facing deficit, mayor asks for a later budget deadline; December figures aren't in yet; judging big-box stores.(Briefs)(Patricia Lynch Associates)
January 10, 2005... Mayor michael bloom-berg has requested an 11-day extension on the Jan. 16 deadline to submit a budget to the City Council. Finance Committee Chairman David Weprin, D-Queens, says he believes the mayor is struggling to bridge a projected...

Revised landlord renews tenant.(Real Estate)(Monday Properties, Max Capital Management Corp., J. Walter Thompson Co.)(Brief Article)
January 10, 2005... Byline: christine haughney On the heels of the departure of its co-founder, Adam Hochfelder, and its re-naming as Monday Properties, the landlord formerly known as Max Capital Management Corp. convinced one of its largest tenants to renew...

Ring-tone firm turns up volume; Zingy connects with teens as market grows; middleman role could become obsolete.(News)
January 10, 2005... Byline: anita jain Zingy is becoming a household name, at least in homes where music-loving teens live. No, Zingy is not a hot new rapper. That's Chingy. Zingy Inc. is a Manhattan company that sells consumers ring tones-the songs...

California union courts locally engaged RNs; CNA attempts to poach NYSNA, 1199 members.(News)(registered nurses, California Nurse Association, New York State Nurses Association)(Brief Article)
January 10, 2005... Byline: gale scott The California Nurse Association is flexing its muscles in New York, trying to recruit members from the New York State Nurses Association and 1199 SEIU. Nurses here have received letters and fliers touting the...

At Deadline.(meshed briefs)
January 10, 2005... Kids apparel firms aid tsunami victims children's apparel companies in New York have donated $750,000 worth of children's clothing to the relief efforts for countries affected by the tsunamis. About 20 New York firms, including Charlie...

Rare nonprofit-to-nonprofit sale preserves mission.(Real Estate)(Common Ground Community, Tasti D-Lite, Chameleon Nail Spa, meshed briefs)
January 10, 2005... Boys Club hands keys to Common Ground; Durst dealing in-house In a rare deal for the hyper-competitive sales market, one social services group was able to profit from its real estate holdings and stick with its mission of helping the...

New York, New York.(Briefs)(Impact Ventures, Gallagher, May Sky Inc.)
January 10, 2005... Byline: edited by Lisa Fickenscher The beat goes on Clear Channel Radio is finally prepared for the worst. The nation's biggest radio operator has just completed work on a backup studio for its five New York stations. Should a...

Landlords rue end to WTC area incentive plan; Post-9/11 deals for small firms expire.(News)(World Trade Center)
January 10, 2005... Byline: christine haughney Landlords and redevelopment officials fear that the downtown rental market will suffer following the Dec. 31 expiration of a crucial real estate incentive program for small businesses. Despite the relative...

Mills likely to sail into post.(News)(Howard Mills, state insurance superintendent )(Brief Article)
January 10, 2005... The nomination of former Assemblyman Howard Mills as state insurance superintendent is expected to be approved easily, despite his lack of insurance expertise, says Sen. James Seward, the Albany-area Republican who chairs the state Senate...

Pleasant dreams; Office surgeries fuel demand for anesthesiologists.(News)
January 10, 2005... Byline: samantha marshall As a strong dose of propofol works its way through the bloodstream of a middle-aged man about to undergo a colonoscopy, anesthesiologist Robert Goldstein whispers in his ear. "Now close your eyes and dream you...

Lame duck's dangerous decision.(Viewpoint)(George Pataki, Howard Mills appointment)
January 10, 2005... Albany insiders agreed last week that Gov. George Pataki's uninspired State of the State speech was a clear sign that he won't run for re-election in 2006. His decision to appoint defeated senatorial candidate Howard Mills as state insurance...

Then & Now: Financial State of the City, part 2.(News)(average wage for New Yorkers)(Brief Article)
January 10, 2005... Over the past 20 years, the average wage for New Yorkers has climbed every year except in 2002, when earings fell to $59,461 from $61,041. The type of work done by New Yorkers changed dramatically, as the city lost manufacturing jobs and gained...

Post-holiday retail casualties.(News)(Alice Underground, Eldorado Jeans )
January 10, 2005... Byline: elisabeth butler More than a score of New York retailers worked their final Christmas rush last month, as their stores shuttered permanently when the holidays ended. Post-Christmas closings are a longstanding tradition, since...

CoStar seeks leasing data.(Real Estate)(CoStar Group Inc.)(Brief Article)
January 10, 2005... Costar group inc. is compiling information for its list of the largest office leasing deals in Manhattan in 2004, to be published in Crain's New York Business on Feb. 7. Brokers and others with information on transactions that could qualify for...

CIT needs Peek operation; Lender's stock and profits soar, but the true test of its CEO has yet to come.(News )(CIT Group Inc., Jeffrey Peek)
January 10, 2005... Byline: aaron elstein In the spring of 2003, Jeffrey Peek, a top investment banker at Merrill Lynch and a man once thought likely to head the nation's largest brokerage house, shocked his peers. He abandoned the posh life on Wall Street to...

Kosher law puts food biz in pickle; Silver's regulatory effort adds work, costs, but may not help consumers.(News)
January 10, 2005... Byline: tommy fernandez A new law intended to bring order to the kosher food business in New York is instead giving indigestion to producers and may wind up not helping consumers at all. The legislation, which went into effect on...

Digital Book of Lists; Crain's on disk, online.(News)(Crain Communications Inc.)(Brief Article)
January 10, 2005... Crain's book of lists is the premier marketing tool for any company doing business in New York. Digital formats of Crain's popular year-end issue are available that include powerful software for viewing, sorting, editing and exporting...

Crain's promotes Marc Minardo.(News)(Crain Communications Inc.)(Brief Article)
January 10, 2005... Marc Minardo has been promoted to Internet director of the Crain's New York Business Web site-Newyorkbusiness.com-as part of the continued expansion of the paper's online operations. Mr. Minardo, 29, joined Crain's in October 2003 from...

BofA seeks a field coach to seldom stay on sidelines; Consumer market exec to roam city branches, motivate.(Workplace)(BankAmerica Corp., Health and Hospitals Corp.'s Human resource management, trade association's recruitments)
January 10, 2005... The leading u.s. retail bank is seeking a go-getter who doesn't like being chained to a desk. Charlotte, N.C.-based Bank of America wants to have such a person oversee about 30 branches in its fast-growing, 65-branch New York City market....

Bronx merchants sell BID with pilot cleanup; Innovative effort ends long delay.(Special Report: Small Business)(business improvement districts)
January 10, 2005... Byline: cara s. trager These days, when Solomon Benatar strolls along Fordham Road in the Bronx, he likes what he sees-neat white plastic liners in sidewalk trash cans and streets swept free of litter. "It's much cleaner and more...

Growing city counts on head count; Population increase brings federal funds, but newcomers slip through unnoticed.(In the Boroughs)
January 10, 2005... Byline: tommy fernandez Over the next three years, some 5,000 residential units will rise along the western waterfront in Queens, where there were once empty lots. In Fort Greene, Brooklyn, a toy factory was converted into condominiums...

Executive Moves.(Profiles)
January 10, 2005... Byline: adrianne pasquarelli accounting & consulting Deloitte & Touche USA: Brian L. Derksen, 53, was appointed deputy chief executive. He had been national managing partner of the strategic client services practice. Marks Paneth...

The Weeks Ahead.(Calendar/Datebook)(Business associations' meetings)(Calendar)
January 10, 2005... Byline: adrianne pasquarelli this week's events January 11. Foundation for Accounting Education holds real estate conference. 8:00 a.m. to 5:10 p.m., Hotel Pennsylvania, 401 Seventh Ave. Fee: $275 members, $375 nonmembers. (800)...

Student Entrepreneur Awards.(Special Report: Small Business)
January 10, 2005... Undergraduate students who run their own businesses while enrolled in colleges or technical schools are invited to apply for the annual East Coast Student Collegiate Entrepreneur Awards. Winners at the state level will receive a $1,000 prize...

Restive Republicans take aim at their mayor; Defections could hurt Bloomberg.(News)(Michael Bloomberg)
January 10, 2005... Byline: anne michaud Even as Democratic challengers paint Mayor Michael Bloomberg as a Republican loyalist to hurt his chances with city voters, the mayor is facing a growing restiveness within his own Republican Party. Republican...

Stock Watch: Rising interest rates flatten REIT investors; After two years of solid gains, landlords falter; Reckson sturdy.(Stocks)(Real estate investment trusts, Reckson Associates Realty Corp.)
January 10, 2005... Byline: aaron elstein It hasn't been a very happy new year for real estate investors, and it looks like it will get worse from here. Shares of real estate investment trusts, or REITs, have gotten off to a brutal start after leading the...

The rules Crain's lives by.(Viewpoint)(Crain Communications Inc.)
January 10, 2005... Byline: Greg David The arrival of the new year seems an appropriate time to state what Crain's New York Business is, as well as our journalistic philosophy. Each week, we try to provide a look at the most important issues affecting...

Workers tune in, tune out as iPods play in the office; Digital players' popularity worries some managers; is productivity at stake?(Workplace)
January 10, 2005... Byline: elisabeth butler The hour-long commute to Manhattan from Long Island seemed shorter for Rick Torres last week, thanks to the blue iPod mini his wife gave him for Christmas. Mr. Torres used his new digital music player to jam out to...

Simple rules of iPod etiquette.(Workplace)(Brief Article)
January 10, 2005... Byline: elisabeth butler A few simple manners can help new iPod users assimilate their digital music players into the workplace, etiquette experts say. They offer these five tips for polite use of iPods at work: 1. Do not sing or drum...

How to improve company performance.(Special Report: Small Business)
January 10, 2005... This is the first in a series of columns designed to help business owners improve the performance of their companies. The columns will appear each month in Crain's small business reports. Next month's article will look at how companies can hold...

Packing Japanese punch into meatpacking district; The young and the noisy swarm to Ono to feast on scintillating, stylish nouveau fare.(Ono)(Restaurant Review)
January 10, 2005... Byline: bob lape Upon learning that mega-restaurateur Jeffrey Chodorow planned yet another location, his wife exclaimed, "Oh, no!'' Seizing the moment, Mr. Chodorow, the author of two dozen dining destinations with his China Grill...

Bar none, the soap guys live on the creative edge.(Viewpoint)(Procter & Gamble Co.)
January 10, 2005... Byline: James Brady They're certainly on the cutting edge out there at the Cincinnati headquarters of Procter & Gamble, I can tell you. And efficient, too! The lead story in Ad Age last Monday reported that P&G now has a computerized...

Telling Tales.(Special Report: Small Business)(meshed briefs, INTERspectacular LLC., Frames 27th Inc.)
January 10, 2005... Byline: Tina Traster Partnership formed by design Ben and jerry. laurel and Hardy. Uman and Blanco. It's early days, but Michael Uman and Luis Blanco hope they have the right stuff for an enduring partnership as graphic...

Five easy techniques for defeating e-invaders; Firewalls, filters, software updates among tools that can head off crisis.(Special Report: Small Business)
January 10, 2005... Byline: tina traster When attacked by a debilitating e-mail virus last summer, Park Avenue law firm Shustak Jalil & Heller wasted no time. The firm quickly brought in an expert to kill the virus and then signed up with a state-of-the-art...

New Executive: Next-generation investing; Leadership stays in family at Unterberg Towbin; chief steps in to boost volume.(Profiles)(C.E. Unterberg Towbin)(Biography)
January 10, 2005... Byline: aaron elstein Back in 1971, a small investment bank took public a promising but unknown company that made newfangled devices called semiconductors. Today, Intel Corp. is recognized the world over as the leading maker of microchips....

Surviving Success; Former Silicon Alley superstars revamp their acts to prosper in a new age, where profits are preferred and experience pays.(Special Report: Small Business)
January 10, 2005... Byline: judith messina Before seth goldstein sank a dime into his new venture, he spent close to a year researching his market, sizing up potential rivals and lining up a partner with a big name in the field. Only after he had done all...

Reforming federal tax reform.(Viewpoint)(Column)
January 17, 2005... Byline: Alair Townsend Beware. It's federal tax reform time again. The president has appointed a group to recommend a simpler income tax code. It's been reported that some inside the Bush administration want to eliminate the deductibility...

Market gains, prospect of dividend to continue insurer's market run; 5: Wellchoice.(Stock Watch)(Brief Article)
January 17, 2005... Ever since it went public in 2002, WellChoice Inc. has been growing steadily and winning rave reviews from Wall Street as an efficient, tightly managed ship. That's only the beginning for this health insurer, formerly known as Empire Blue Cross...

Moving south and loving it; No exits despite long commutes, few amenities.(Special Report: Commercial Real Estate)(Stern & Montana)(Column)
January 17, 2005... Byline: margaret jaworski Bob Stern, a founding partner of Stern & Montana, always considered himself a midtown attorney. "That's how I saw myself and that's where I wanted to be,'' he says. Yet, after he spent months looking at dozens...

Glut of apartments on horizon.(Special Report: Commercial Real Estate)(Brief Article)
January 17, 2005... The Deutsche Bank building may not be 90 West's only problem. Noah Freedman, president of Bond New York, warns that while vacancy rates in the area are low right now-just under 2%-they will inevitably rise due to the number of apartments under...

90 West: Luxury rentals face razed expectations; Toxic Deutsche Bank building is next-door neighbor.(Special Report: Commercial Real Estate)
January 17, 2005... Byline: kera bolonik New Yorkers are a rare breed, willing to tolerate almost anything-noise, cramped spaces and lack of light-to live in Manhattan. The owners of the exquisitely restored, Cass Gilbert-designed building at 90 West St....

Tenants can rein in sprinkler plan.(Special Report: Commercial Real Estate)(Brief Article)
January 17, 2005... A new city law requires high-rises that are at least 100 feet tall to install sprinkler systems by 2019, but not every lease specifies who will shoulder the burden. "Tenants with leases that expire after 2019 should determine whether...

NY building code battle pits simple versus safe; Mayor's plan cuts costs, but trades prefer stringency; council to decide.(Special Report: Commercial Real Estate)(New York)
January 17, 2005... Byline: tina traster Battle lines are being drawn over how to update New York City's 1968 building code. In one camp, Mayor Michael Bloomberg and developers support an effort to adopt a modified version of the International Building...

New York, New York.(Briefs)
January 17, 2005... Byline: edited by Lisa Fickenscher A hiatus in hospitality The Plaza Hotel, which has a new owner, is quietly gearing up to close in May, when substantial renovations will begin, say industry sources. Inquiries about booking...

Digital movie theater trades cutting room for cutting edge; Park Slope site will showcase latest in cinema technology; conversions pricey.(In the Boroughs)
January 17, 2005... Byline: anita jain Denizens of brooklyn will be thumbing their noses at their elitist neighbors across the East River at the end of this year, when Park Slope becomes the first community in the city to boast a fully digital cinema. ...

Old CBS News had bluster, as well as book of standards.(Viewpoint)
January 17, 2005... Byline: James Brady I don't really know what happened or why over at CBS or just how thorough their internal investigative report was. But I know that what they did was shoddy journalism and heads had to roll. Chairman Les Moonves...

Miller aides seek higher posts.(Briefs)(Brief Article)
January 17, 2005... Aides to Gifford Miller, the City Council speaker, are seeking to make the leap to the council. Jessica Lappin held a fund-raiser last week for her campaign to win Mr. Miller's seat when his term ends this year. The event was attended by Mr....

Crain stories available on databases.(News)(Crain Communications Inc.)(Brief Article)
January 17, 2005... Crain's is available on several electronic databases for readers wishing to locate published stories. Full text can be found on Nexis and Dialog. Dow Jones also carries full text on Dow Jones Interactive, Newsbank CD-ROM products and Profound....

Landgrabs under assault; Supreme Court ruling could change the rules for eminent domain; Columbia, Nets, West Side plans endangered.(Special Report: Commercial Real Estate)
January 17, 2005... Byline: andrew marks When anne whitman saw columbia University's model for its planned campus extension into West Harlem at a community meeting last spring, she was more than a little shocked. The school's first project, and the...

Six firms that won't sell out to Columbia; Convenience, history key factors in wanting to stay in West Harlem.(Special Report: Commercial Real Estate)
January 17, 2005... Byline: andrew marks History and location are the driving motivations behind the West Harlem Business Group's refusal to sell real estate to Columbia University for its uptown expansion. One business can trace its roots in the neighborhood...

Emigrant travels Internet with highest interest rate; EmigrantDirect offers 3%, but not the savings bank; L.I. credit unions flex.(Financial)(Emigrant Savings Bank, Long Island, Brooklyn Federal Savings Bank's Initial public offerings)
January 17, 2005... Byline: tom fredrickson Emigrant savings bank has taken a big step for an institution that for more than 150 years has drawn its deposits only from the New York area. It has started an Internet bank, EmigrantDirect. The online bank's...

Film biz gives Astoria new script; Theaters, eateries transform the area.(Special Report: Commercial Real Estate)
January 17, 2005... Byline: mary sisson Behind the future home of the Frank Sinatra School of the Arts in western Queens sit the types of businesses that for years have been typical of this neighborhood, where the residences of Astoria meld into the...

42nd St.'s midsection expands; New towers, pricey renovations upgrade area east of Sixth Avenue.(Special Report: Commercial Real Estate)(Durst Organization's new building)
January 17, 2005... Byline: jeremy quittner In the late 1990s, the Durst Organization jump-started the revitalization of the Times Square area when it built a speculative office tower at 4 Times Square and Broadway. After breaking ground, the developer needed...

Executive Moves.(Profiles)(briefs, Adelman Katz & Mond, Branded Media Corp.)
January 17, 2005... Byline: adrianne pasquarelli accounting & consulting Adelman Katz & Mond: Rene Comas, 55, joined as principal. He had been a partner at Strauss Comas & Modansky. Konigsberg Wolf & Co.: Steven M. Merdinger, 50, joined as senior...

The Weeks Ahead.(Calendar/Datebook)
January 17, 2005... Byline: adrianne pasquarelli week's events January 18. Ryze holds business networking meeting. 6:30 p.m. to 9:30 p.m., Riverdale's Greentree, 5693 Riverdale Ave., Bronx. Fee: $12 members in advance, $15 nonmembers in advance; $20 at...

CoStar seeks data on top leasing deals; crain's feb. 7 issue.(Special Report: Commercial Real Estate)
January 17, 2005... Costar group inc. is compiling information for its list of the largest office leasing deals in Manhattan in 2004, which will be published in Crain's New York Business on Feb. 7. Brokers and others with information on transactions that could...

Offices going bada bing; North Jersey sales market pops with varied players.(Special Report: Commercial Real Estate)
January 17, 2005... Byline: victoria rivkin It is not New York City, but no one is complaining. In northern New Jersey, not unlike its large neighbor across the river, office building sales are hot, hot, hot, making 2004 one of the best years on record....

Garden State on the flip side.(Special Report: Commercial Real Estate)(Brief Article)
January 17, 2005... Some investors in the Garden State are flipping their properties after only a couple of years. For example, in July, 1 Campus Drive in Parsippany sold to Investcorp for $98 million, $17 million over its price tag in 2002. Also, Park 80 West in...

Quiet publisher creates urban blast; Harris Publications' hip XXL nearing The Source; no focus groups necessary.(News)(Harris Publications Inc.)
January 17, 2005... Byline: matthew flamm Time Inc. reportedly paid $170 million earlier this month to buy Essence Communications and gain a stronger foothold in the burning-hot urban market. That must seem like a lot of money and a little late to tiny,...