Spire Contractors Awaiting Unpaid Millions with No Takers on Financing, Sports Complex Runs Short on Cash by JOEL HAMMOND Owed to Air Control Products Inc

20120305-NEWS--1-NAT-CCI-CL_-- 3/2/2012 3:40 PM Page 1

$2.00/MARCH 5 - 11, 2012

Spire contractors awaiting unpaid millions With no takers on financing, sports complex runs short on cash By JOEL HAMMOND owed to Air Control Products Inc. of involved with the 160-acre sports [email protected] Broadview Heights to an $8.57 complex, total $11 million. Con- million lien filed by Hughes-Roller tractors generally file mechanic’s Just as Spire Institute gains traction Building Co. of Ashtabula. liens to protect their interests in a as a top-flight destination for big- Hughes-Roller boasts promi- project. name athletic events, the sprawling nently on its website that it’s The disruption in payments to athletic complex just off Interstate “proud to be design/build general contractors is a recent occurrence, 90 in Harpersfield Township has contractors for Project GaReat,” the with each lien filed since December. run into significant cash flow issues. acronym for the Geneva area Recre- The most recent lien, for $1.03 Six mechanic’s liens against Spire ational, Educational and Athletic million, was filed last Monday, Feb. were on file in the Ashtabula County Trust, the nonprofit that has adopted 27, by HAVE Inc., an Ashtabula FILE PHOTO/MARC GOLUB Recorder’s Office as of last Tuesday, the Spire identity. mechanical contractor. The 5,500-seat football stadium and outdoor track at Spire, where contractors Feb. 28. The liens range from $71,161 The liens, filed by contractors See SPIRE Page 10 collectively are owed millions. Ohio City group Osborne’s legal will replicate woes deepening Oil and gas bankruptcies, real estate ‘ambassadors’ suits weigh on well-known investor

By STAN BULLARD Property owners recognize value of [email protected]

‘clean and safe’ program downtown A decline in natural gas prices and a sagging real estate market have entangled companies formed by By JAY MILLER high-profile stock investor, real estate developer and oil- [email protected] and-gas man Richard M. Osborne in court proceedings. Ohio City Inc., the nonprofit commu- Three of Mr. Osborne’s companies nity development group that supports in the oil-and-gas business — Oz its namesake neighborhood, is part- Group, Great Lakes Exploration and nering with the Downtown Cleveland publicly traded John D. Oil and Gas Alliance to clone the latter’s successful Co. — filed for Chapter 11 reorgani- “Clean & Safe” program as the West zation Jan. 11 in U.S. Bankruptcy Side neighborhood prepares itself for Court in Erie, Pa. Osborne a landmark year and a blossoming of In the most detailed court filing, the retail business district along West John D. Oil and Gas said it has debts 25th Street and Lorain Avenue. of $11 million and assets of $8.2 million. The three Neighborhood property owners in bankruptcies, which borrowers have asked the court to Ohio City last year agreed to create a administer jointly, are related to two loans totaling $30 special improvement district, or SID, See OSBORNE Page 21 and assess themselves a fee to pay for a higher level of security and maintenance than the city of Cleveland pro- WOMEN OF NOTE vides. Ohio City Inc. will oversee the SID and contract with Downtown Crain’s seeks nominations Cleveland Alliance to provide the kind of street cleanup, graffiti removal and Crain’s Cleveland Business is seeking nominations for visible security presence that has the women it will profile in its annual Women of Note improved the image of downtown. section, which is scheduled for the July 23 issue. “With the level of services they Nominations can be submitted through CrainsCleveland provide downtown, (the decision) was .com by clicking on Women of Note under the Features a no-brainer,” said Jeffrey Verespej, tab of the toolbar. Nominations also can be sent via director of operations and advocacy at email to editor Mark Dodosh at [email protected], or the Ohio City group. via regular mail at 700 W. St. Clair Ave., suite 310, PHOTO PROVIDED BY DOWNTOWN CLEVELAND ALLIANCE Services will begin in April after Cleveland 44113. Armond Hill, a special projects ambassador in downtown Cleveland, uses a The deadline for submissions is Monday, March 19. See AMBASSADORS Page 11 power washer on East Fourth Street.

74470 83781 by Crain Communications Inc. ■ Pages 15-18 Vol. 33, No. 10 0 20120305-NEWS--2-NAT-CCI-CL_-- 3/2/2012 4:47 PM Page 1 20120305-NEWS--3-NAT-CCI-CL_-- 3/2/2012 3:18 PM Page 1

MARCH 5 - 11, 2012 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 3 INSIGHT Landowners dig in, sue over shale leases Chesapeake Energy under fire from group alleging deceptive tactics in negotiations

By DAN SHINGLER have received in up-front bonus [email protected] payments when they signed their leases, and that the true value of Chesapeake Energy Corp. has their holdings were hidden from nabbed a tidy sum from selling just them. In addition, the suit alleges the a portion of the oil and gas leases it landowners were not fully informed owns in Ohio’s shale fields. But the of the disruptions that would take leases also are causing legal pain for place on their property, and so did Chesapeake, which is the object of not seek protection from them in a lawsuit by angry landowners their leases. who maintain the energy company According to the suit, filed last enriched itself by failing to compen- Monday, Feb. 27, in Columbiana sate them properly for the rights they County Common Pleas Court, those signed away to the natural resources landowners signed leases with an under their property. agent for Chesapeake, Denver-based Thirty-three landowners in Colum- Anschutz Energy Corp., between biana County who have leases with 2008 and 2010, before the value of Chesapeake are suing the company. Utica shale resources widely was In a single lawsuit, they claim they known. got less than 1% of what they should See LEASES Page 8 CRAIN’S FILE PHOTOS The Huntington Building (left) and Eaton Center are two of a dwindling list of options for a new Cuyahoga County headquarters site, a move County Executive Ed FitzGerald wants completed in two years. Hospitals upgrade inpatient BUYandSELL rehab as patient pools age County’s search for new headquarters, plan to shed other properties UH, Summa become latest to expand capacity

will influence Cleveland’s office market going forward By TIMOTHY MAGAW ment of Health & Human Services. [email protected] By 2020, that number is expected to By STAN BULLARD and JAY MILLER as many as a dozen buildings in grow to 55 million. [email protected], [email protected] what still is a soft market for office Northeast Ohio’s health care “You’re still seeing growth in space in Cleveland. Prime among systems are investing millions of rehabilitation services nationally, he 800-pound gorilla in them are the county administration dollars to beef up their inpatient and it’s also true locally,” said Paul Tait, Cuyahoga County’s real building at Lakeside Avenue and rehabilitation units as each organi- University Hospitals’ chief strategic estate market over the Ontario Street, the old Juvenile zation tries to get its share of a planning officer. “There’s that next few years is likely to Court complex on East 22nd Street, growing revenue stream. whole bubble in the population Tbe Cuyahoga County’s government. the controversial Ameritrust Many of the hospitals say their moving into Medicare status, and The county stands to impact Building at East Ninth Street and current inpatient rehab facilities, they tend to have more strokes and the market both as a tenant and as Euclid Avenue, and Courthouse which largely serve orthopedic, stroke neurological conditions.” a seller of space. In the case of the Square at West Third Street and or brain injury patients, are at or near University Hospitals operates former, it still is looking to house Lakeside, which it bought in 2004. capacity. And as people age, the about 20 inpatient rehabilitation many of its offices in a headquar- County officials are reviewing demand for those services should beds at Case Medical Center. But, ters of as much as 300,000 square five bids for a consultant to man- continue to balloon and put further given the growing need for such feet. As the latter, it plans to sell age the consolidation of the county’s pressure on their bustling units. services, UH opted to invest — with various buildings it now occupies as real estate portfolio. Bidding closed In the United States, the population the support of a for-profit company it proceeds with a consolidation of last Thursday, March 1. The over 65 years old has increased by — in a 40-bed, $17 million inpatient its space needs. winning bidder will represent the about 15% from roughly 35 million rehabilitation hospital expected to The county will put up for sale See COUNTY Page 7 in 2000 to about 40 million, according open in Beachwood early next year. to data from the Administration on “We may lose business occasionally Aging, a division of the U.S. Depart- See REHAB Page 19

THE WEEK IN QUOTES FEATURES Classified ...... 20 “We have been flatly “The general attitude “This practice of not “I liked the company Editorial ...... 4 turned down by all (of property owners) being straight about so much I bought it. Going Places ...... 14 major financial insti- is there is going to be the depth of our The Thomases are List: Investment banks..19 tutions. They’ve said, a return on investment highway funding terrific, so they Tax Liens...... 12 ‘It’s speculative, a — not necessarily problem is coming to became my partners. CORRECTION startup, real estate. cash on cash, but the an end.We have to They had the contracts A Feb. 27, Page One story on covering the cost of upkeep at Our bank’s policy is investment is going to honestly face up to with the buildings, Cleveland Browns Stadium that we can’t do this be more intrinsic.” the problem if we’re but I also wanted misstated the structure of a $5 million loan for stadium repairs. The kind of a deal.’” — Darrel Young, whose Darrel ever going to fix it.” them.” A. Young Enterprises owns a Cleveland Browns will make the — Stuart Cordell, a partner in shopping center across Lorain — From a Personal View by — Bernie Moreno, owner of loan to the city of Cleveland, which Warren and Young PLL of Avenue from the West Side Jerry Wray, director of the Ohio Collection Auto Group. Page 14 will repay the loan from future pro- Ashtabula and the lawyer for Ron Market. Page One Department of Transportation. ceeds of a sin tax on tobacco and Clutter, the driving force behind Page 5 alcohol sales in Cuyahoga County. Spire Institute. Page One 20120305-NEWS--4-NAT-CCI-CL_-- 3/2/2012 12:06 PM Page 1

4 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MARCH 5 - 11, 2012

PUBLISHER/EDITORIAL DIRECTOR: Brian D.Tucker ([email protected]) EDITOR: Mark Dodosh ([email protected]) MANAGING EDITOR: Scott Suttell ([email protected]) OPINION No joke ed Celeste, Mike Duffey, Frank LaRose and Tom Sawyer are giving their colleagues in the Legislature the chance to prevent a repeat of the joke that Republican officials Tmade last year of the congressional redistricting process in Ohio. The four lawmakers have crafted an excellent framework for a proposed constitutional amendment that promises to bring greater fairness to the job every 10 years of redrawing districts for the U.S. House and the Ohio House and Senate. FROM THE PUBLISHER In a world of polarized politics at all levels of government, it’s heartening to see the bipartisan hands behind this proposal. State Rep. Celeste and State Sen. Sawyer are Democrats, and State Rep. Litigation hits an oil field of dreams Duffey and State Sen. LaRose are Republicans, but all four have put the public ahead of their party ell, it didn’t take long for plaintiffs claim the leases would pay button issues, regardless of stories like affiliations with a plan that strives to take political the litigation to start in them less than 1% of the fair market value school shootings. advantage out of the redistricting process. Ohio’s oil fields. of the lease bonuses now being paid in To which, he thanked me, and extolled Under the current redistricting system, Republicans Let’s not even get into the county. the work of our editorial staff. In turn, I howW weird it is to write the phrase This will be an interesting one to thanked him and said that journalists who control the governor’s office and both chambers “Ohio’s oil fields.” But we all know how watch because of their claims they were rarely hear from readers who say they’re of the Legislature essentially were able to shove much money is being spent as energy misled. Might it be that they’re just doing a good job. down the throats of minority Democrats the companies buy up drilling rights along unhappy that later buyers are getting **** congressional and legislative maps they redrew the state’s eastern spine, hoping more for their mineral rights? CONGRATS TO BRANDMUSCLE and following the receipt of data from the 2010 Census. to tap into the gas and oil reserves BRIAN **** The Riverside Co. for doing last week’s The result was gerrymandered congressional trapped in the Marcellus and TUCKER ONE VERY THOUGHTFUL deal that should help both Cleveland- districts that gave Republicans the advantage in Utica shales. READER, Paul Klodor, writes to area concerns. Riverside, perhaps our most races for U.S. House seats. Land offices in every county us this week, lamenting that region’s most prolific private equity The plan introduced by the four lawmakers seat in that part of Ohio have our issue last Monday, on the investor, buys one of our growing and incorporates various checks and balances that make been mobbed by folks researching very day of the tragic shootings innovative marketing firms, enabling it land records so the negotiations at Chardon High School, had a to grow even faster. such lopsided redistricting far less likely to achieve. can begin. Apparently, 33 front-page feature story on a Riverside is located in the Terminal For starters, the Ohio redistricting commission landowners in Columbiana Burton man who has built a very Tower downtown. BrandMuscle is looking would consist of seven members: the governor, County now are regretting that successful gun auction busi- for new digs to ensure its future growth. state auditor, secretary of state, Senate president they did their deals early in this ness out of his tiny storefront. Wouldn’t it be great to have it land and House speaker, as well as the two legislative game. In my response to his email, I wrote in downtown Cleveland, perhaps one leaders from the opposite party of the president and According to The Business Journal, that I could certainly understand his of the hippest “new” places to hang a speaker. Any action by the commission would which covers the Youngstown/Warren feelings, given what sadness had engulfed shingle? require a “yes” vote of five members, at least two of area, the group filed suit last week the town of Chardon. “And the truth is Having a couple hundred, mostly whom must be members of the political party in the against Chesapeake Exploration LLC, there are costs and dangers associated young, creative marketing types joining asking a common pleas court there to with a multitude of businesses, but we those already living and working in minority on the commission. throw out the leases they signed three or still write about them,” I wrote, adding the city would be a great story. Here’s As an incentive for its members to reach a so years ago. In court documents, the that gun ownership is one of those hot- hoping. ... ■ consensus on congressional and legislative maps, the commission would be given a set amount of time to do its job. If it couldn’t agree on a THE BIG ISSUE congressional plan, or legislative plan, or both, the approval process would be taken out of the What do you think could be done to prevent school shootings such as the one in Chardon? commission’s hands. Voters in the next general election would get to choose from among three plans — a Democratic plan, a Republican plan and a publicly submitted plan. But the penalty to both parties for the commission failing to do its job wouldn’t end there. In every primary election during the 10-year period preceding the next redistricting, the names of candidates would appear on ballots without reference to party affiliation, and only the two candidates receiving the most votes in the primary would appear on the ballot in the general election, ANGELA GOODEN DAVE JANKOWSKI CHRISTOPHER BURTON DR. MELVIN SHAFRON even if those candidates are from the same party. Cuyahoga Falls Avon Lake Avon Lake Lyndhurst As a big plus for voters, the proposed amendment Education on bullying. There I think there needs to be I think communication, open If this was an at-risk child ... also contains language geared toward the creation are so many different types of greater education among the communication between the the schools should have been of competitive districts, so that the winning party bullying out there nowadays, student population about community, between the students, more involved with the whether it comes to technology, identifying the signs — between parents and the edu- behavioral issues that were in a race isn’t determined before a ballot is ever cast. Facebook (or) texting. And just identifying these sorts of things cators. And I think everything presented. … They live in a Ohio lawmakers can redeem themselves for the kind of educating our children and knowing what the proper that came out of Chardon was rural area and guns are, I’m recent redistricting farce by putting their four and giving them the proper steps are in terms of contacting a big win. ... Everyone knew sure, in everybody’s home out colleagues’ proposal on the legislative fast track. outlets to deal with those situa- authorities who can do some- what to do, where to go. First there. This always bothers me. tions. thing about it. responders were right on key. … I’m for better gun control. 20120305-NEWS--5-NAT-CCI-CL_-- 3/2/2012 4:45 PM Page 1

MARCH 5 - 11, 2012 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 5

PERSONAL VIEW Fixing highway funding critical to state economy 700 W. St. Clair Ave., Suite 310, Cleveland, OH 44113-1230 By JERRY WRAY Mr. Wray is the director of the Ohio reality. state — in a precarious position. Phone: (216) 522-1383 Department of Transportation. Well, here we stand today, and The federal and state motor fuel Fax: (216) 694-4264 hio’s highways are essen- we are facing a massive shortfall. taxes — Ohio’s primary highway www.crainscleveland.com tial to keeping and creating not projected to keep up with our This practice of not being straight funding source — are not raising as Publisher/editorial director: new jobs. Our state’s needs. In fact, the state’s highway about the depth of our highway much money as they once did and Brian D. Tucker ([email protected]) economy — especially our budget faces a $1.6 billion shortfall, funding problem is coming to an are unable keep up with the rising Editor: Oagriculture and manufacturing busi- which will force high-priority end. We have to honestly face up to costs of construction materials. Mark Dodosh ([email protected]) nesses, and the logistics operations projects to face serious completion the problem if we’re ever going to Just as Ohio did when we came Managing editor: Scott Suttell ([email protected]) that support them — depend on delays. fix it and protect the job-creating together last year to close our Sections editor: the ability to quickly and efficiently While the news of the $1.6 billion tool that is our highway system. state’s $8 billion state budget Amy Ann Stoessel ([email protected]) ship raw materials and finished highway budget shortfall came as a The cause of the problem is deficit, Ohio must come together to Assistant editors: goods throughout Ohio, the country shock to some, it has been expected simple: The recent economic decline, close our highway deficit. The basic Joel Hammond ([email protected]) Sports and the world, and our state’s trans- for several years by those in the combined with more fuel-efficient reason is simple: We cannot pay Kathy Carr ([email protected]) portation system makes it possible. transportation community. Unfortu- vehicles that use less gas, inflation highway construction workers with Marketing and food This critical economic engine nately, little was done about it, and a federal stalemate over a long- dollars that don’t exist. The bigger Senior reporter: risks running out of gas. Funding assuming the funds would be found term, national transportation funding reason is, of course, unless we keep Stan Bullard ([email protected]) for our highways is drying up and is before the projected problem became plan has left Ohio — and every other See VIEW Page 6 Real estate and construction Reporters: Jay Miller ([email protected]) Government Chuck Soder ([email protected]) Technology Dan Shingler ([email protected]) Manufacturing Tim Magaw ([email protected]) Health care & education Michelle Park ([email protected]) Finance Research editor: Deborah W. Hillyer ([email protected]) Cartoonist/illustrator: Rich Williams Marketing director: Lori Grim ([email protected]) Marketing/Events manager: Christian Hendricks ([email protected]) Marketing/Events coordinator: Jessica Snyder ([email protected]) Advertising sales manager: Nicole Mastrangelo ([email protected]) Senior account executive: Adam Mandell ([email protected]) Account executives: Dawn Donegan ([email protected]) Andy Hollander ([email protected]) Office coordinator: Toni Coleman ([email protected]) Digital strategy and development manager: Stephen Herron ([email protected]) Web/Print production director: Craig L. Mackey ([email protected]) Production assistant/video editor: Steven Bennett ([email protected]) Graphic designer: Lauren M. Rafferty ([email protected]) Billing: Susan Jaranowski, 313-446-6024 ([email protected]) Credit: Todd Masura, 313-446-6097 ([email protected]) Audience development manager: Erin Miller ([email protected]) Crain Communications Inc. Keith E. Crain: Chairman Rance Crain: President Merrilee Crain: Secretary Mary Kay Crain: Treasurer William A. Morrow: Executive vice president/operations Brian D. Tucker: Vice president Robert C. Adams: Group vice president technology, circulation, manufacturing Paul Dalpiaz: Chief Information Officer Dave Kamis: Vice president/production & manufacturing

G.D. Crain Jr. Founder (1885-1973) Mrs. G.D. Crain Jr. Chairman (1911-1996)

Subscriptions: In Ohio: 1 year - $64, 2 year - $110. Outside Ohio: 1 year - $110, 2 year - $195. Single copy, $2.00. Allow 4 weeks for change of address. For subscription information and delivery concerns send correspondence to Audience Development Department, Crain’s Cleveland Business, 1155 Gratiot Avenue, Detroit, Michigan, 48207-2912, or email to custom- [email protected], or call 877-812-1588 (in the U.S. and Canada) or (313) 446-0450 (all other locations), or fax 313-446-6777. Reprints: Call 1-800-290-5460 Ext. 125 Audit Bureau of Circulation 20120305-NEWS--6-NAT-CCI-CL_-- 3/2/2012 12:07 PM Page 1

6 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MARCH 5 - 11, 2012 Consumer still hungry for daily deals By KUNUR PATEL year, nearly triple the 2010 number. and international advertisers using Advertising Age The business is headed toward the service to target locally. Among lifestyle companies, said Peter Kras- them is KFC, which ran a deal with Are consumers over daily deals? ilovsky, a vice president at BIA/ Groupon Hong Kong for 50% off The answer appears to be no. Kelsey. The trend is toward vertical- chicken and egg tarts leading up to Consumers still are showing an deal categories rather than scatter- Christmas. Last year, Groupon ran deals appetite for them. U.S. spending on shot offerings of everything from with packaged-goods marketers deals, including daily deals, instant bikini waxes to skydiving lessons. General Mills and Unilever, too. deals and flash sales, will hit nearly For example, both Groupon and Trying to cash in on Groupon’s $2 billion this year and should be more LivingSocial have dedicated travel success with local advertisers, than $4.1 billion by 2015, according categories. Travel site Expedia many media companies set up their to media advisory firm BIA/Kelsey. recently added a tab for Groupon own daily-deal services and taught A Rice University study from the Getaways after the companies their sales teams to market deals. second half of 2011 found U.S. con- launched those deals last summer. Newspapers, cable companies and sumers still are excited about daily LivingSocial has expanded its radio stations sell deals along with deals, defined as an email or mobile “Gourmet” category for high-end their own ad inventory. notification for a discounted local restaurant deals, and Groupon has That’s exactly where new entrants service or product. tested grocery deals in partnership with may find an opening, said Mr. Groupon, which popularized deals, a New England supermarket chain. Krasilovsky at BIA/Kelsey. lost its darling status when its initial Even though daily deals started “Deals are about customer acqui- public offering revealed no earnings. with local merchants, the category sition, but the question is whether Still, the company had more than no longer is for small businesses they also extend to loyalty and engage- 33 million active users at the end of last alone. There’s also a mix of national ment,” he said. ■ LETTERS Gun profits only continue violent cycle ■ Perhaps it was just a case of bad guns in our community, not just the commentary, “Cleveland is poised timing with the breaking news last glory of the profits to be made? for a major push,” with great interest. Monday of the shootings at Chardon Paul Klodor As Mr. Tucker indicated, this is a High School, but when I received my Shaker Heights positive and constructive moment copy of Crain’s in the mail that day for the city and our region. I appre- and on the front cover was a gun dealer ciated his acknowledgment of our smiling and holding a .44 Magnum, I Up with Cleveland current political leadership that is felt obligated to voice my disgust. ■ As a reader of Crain’s, I wanted to focused on the community instead As long as big profits are to be reach out regarding Brian Tucker’s of their own political fortunes. made dealing weapons, we’ll continue Feb. 27 commentary, “Cleveland is My wife and I have three great to have a never-ending cycle of poised for a major push.” I have daughters who currently live and violence and shootings. I’m ready for been observing the positive changes work in New York and Chicago. the usual comments from the gun in Cleveland and sharing such with Whether or not they return to lovers — “guns don’t kill, people do,” my friends and colleagues, many of Cleveland remains to be seen, but I etc. — but the truth is, fewer guns whom act surprised. But when you hope that is not the case for other mean fewer opportunities for these add it all up, I think that we are on people’s children. tragedies to occur. the right track, and I, too, give a lot Perhaps in the near future, Cleve- How about an article examining of credit Cuyahoga County Execu- land becomes the destination of the real cost of the proliferation of tive Ed FitzGerald and Cleveland choice for our educated young people Mayor Frank Jackson. because this is where it is happening. Mark H. Nolan Now, that would be something. Lakewood Stuart I. Garson Seaman Garson LLC Up with Cleveland II Chairman Congratulations ■ I read Brian Tucker’s Feb. 27 Cuyahoga County Democratic Party Marc Byrnes View: Stakeholders explore our Chairman and CEO, for being named United Way of Greater Cleveland new strategies for funding 2011 Volunteer of the Year continued from PAGE 5 with the status quo and reflect a our roads in good shape and build new way of thinking. We’re looking new projects that boost job creation at ideas to utilize money from the — as well as safety and congestion private sector. We’re studying the relief — we won’t foster the jobs- potential of the Ohio Turnpike, and friendly climate Ohio so desperately looking at all of the options from needs to get back on track. moving the operations under ODOT, We are proud of The shortfall Ohio is facing now is to bonding against the turnpike’s very frustrating, and I’m sure we revenue to a potential lease. share the same frustration that No matter what happens, there your commitment to every local mayor, county official, will be contractual guidelines on legislator, business leader and driver tolls and maintenance that will keep feels. the road as strong as we know it the Community and These problems aren’t insur- today — or better. I welcome the mountable, not by a long shot. We coming debate and want to engage can move forward and find the funds in long-overdue conversations with your dedication to to keep Ohio moving if we have the policy-makers at the federal, state courage to think in new ways. and local levels. living our mission. A natural place to start is with the Gone is pretending we don’t Ohio Department of Transportation’s have a problem. We must take this own costs. We’re taking every opportunity to bring leaders to the conceivable step to reduce them. table and work together to solve this We’ve reduced our overhead and problem. are using new ways to more effi- Without a good transportation ciently and effectively build major system we lose jobs and Ohio fades. projects faster than ever before. By applying the same creative spirit Most important, however, is that for which Ohio is known, we can we’re exploring entirely new strategies solve this problem and keep Ohio for building highways that break moving in the right direction. ■ 20120305-NEWS--7-NAT-CCI-CL_-- 3/2/2012 3:51 PM Page 1

MARCH 5 - 11, 2012 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 7 County: Existing portfolio includes intriguing properties

continued from PAGE 3 The biggest-ticket item is still president and director of industrial dominiums, some retail spaces and 200,000 square feet, the options county during its search for new the Ameritrust Building, which the brokerage at Ostendorf-Morris Co., hotels.” rise. headquarters space and will help county values at less than $17 million. said he does not believe it’s possible The county also will move some After global manufacturer Eaton dispose of county-owned properties Ms. Teeuwen said Cuyahoga to make a sweeping judgment about employees from space it leases. Corp. vacates Eaton Center, 1111 that no longer will be needed after County Executive Ed FitzGerald has the effect on the market of the That, too, will have an impact on a Superior Ave., later this year for a the consolidation. talked recently with officials of county properties. downtown office market that already new headquarters in Beachwood, Bonnie Teeuwen, the county’s development firm K&D Group about “More so than ever before, each has a 23.4% vacancy rate in Class B more than 270,000 square feet director of public works, told Crain’s the 29-story tower. In 2008, a $35 building is its own market,” de- office space, which includes all the will be available in that structure. last Thursday that she expects the million bid submitted by K&D with pending on where it is located, Mr. county’s leased properties. Another less-visible prospect would bid review probably will be com- the county won it the right to rede- Martanovic said. He said buildings For example, the county leases be the former Ohio Bell headquar- pleted by March 13, and that she velop the former bank headquarters near Euclid Avenue and in the city’s space in Reserve Square on East 12th ters building at 45 Erieview Plaza, hopes to seek bids for new leased into a hotel and residential com- MidTown and University Circle Street for its development and which has more than 210,000 space for the county’s headquarters plex. That deal fell through as the neighborhoods would have more senior and adult services depart- square feet of contiguous space. by the end of April. real estate market soured. demand than similar structures in ments. The space, in a building that And do not underestimate the The bidders, who could be iden- Perhaps the most attractive other neighborhoods or on the mainly is apartments and a hotel, is ability of building owners to produce tified only by the names on the sealed property in the county’s portfolio, fringes of downtown. unlikely ever to be used for office options to the county for a sweet bids, are Allegro Realty Advisors, however, might be the administra- Terry Coyne, executive vice space again, said Bob Nosal, man- deal, Mr. Nosal said. For example, CB Richard Ellis, DLZ Ohio, McK- tion building. The four-story building president of Grubb & Ellis Co., was aging director of Grubb & Ellis Co.’s Mr. Nosal noted that Forest City elvey Partners and Vocon Inc. that dates to 1957 is adjacent to more optimistic. Cleveland office. Enterprises Inc., owner of the Halle How quickly the county prop- the under-construction Cleveland “I don’t see it as a glut,” he said. Building, 1228 Euclid, might be erties might sell and how much the Medical Mart & Convention Center “I don’t think it will be as negative As for the next HQ … able to cobble together empty space county might net from any sales is and is considered an attractive site as you might think it would be.” With respect to the county’s by relocating tenants. CoStar shows hard to gauge. Brokers, however, for a hotel that could be linked to Mr. Coyne notes that a handful prospects for a new headquarters, more than 200,000 square feet of note that buyers can be found for the convention center. of small buildings are available the field appears narrow. space is available in the building, properties that are what the industry The county also believes Court- near downtown and it is “hard to A search of available contiguous but only 40,000 is contiguous. calls “priced right,” which means house Square could be attractive to find little good buildings to buy. office space through the online real The field of potential headquar- priced low enough to compete in a a developer who could convert it “I could see (business tenants) estate data provider CoStar shows ters properties may be small, but market where rents are declining or into condos or apartments, Ms. staying in Cleveland because they just two potential headquarters the county still might be able to that enable a property owner to Teeuwen said. can buy some of these buildings,” he sites have more than 300,000 extract a good lease for itself just invest in improvements or conver- Other buildings on the for-sale said. square feet of existing office space. the same, according to Mr. Browning sion to another use. list are the Whitlatch Building at Some of the county’s downtown The former May Co. department of CB Richard Ellis. The cast of characters 1910 Carnegie Ave. and the auto office buildings also might end up store, most recently marketed as “All you need to have a good title building at 1261 Superior Ave. as residential properties. the Public Square Tech Center, has horse race is two or three horses,” The county values the dozen Ms. Teeuwen said the county also “We cannot have all these the most space: 665,000 square Mr. Browning said. properties it hopes to sell at more is putting up for sale the Loew’s buildings continue to be office feet. The Huntington Building, 900 “It is a far different landscape than $30 million, though that figure Building, a part of the Playhouse- buildings,” said David Browning, Euclid Ave., has the second-largest in the office market than the last may be high given current market Square complex the county purchased managing director of the Cleveland volume, with about 600,000 square time the county went to the market,” conditions. in the 1970s. office of CB Richard Ellis, talking feet in its main building and an he said. “Yet I’m certain the county Still, the county is offering a few broadly about the older, smaller attached annex. and developers will create a intriguing properties from its port- Small buildings hold potential office buildings in downtown. “We Should the county reduce the competition. The market is still folio. Joseph Martanovic, senior vice need some rental apartments, con- scope of its space needs to around soft.” ■ 20120305-NEWS--8-NAT-CCI-CL_-- 3/2/2012 3:56 PM Page 1

8 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MARCH 5 - 11, 2012 Leases: Royalty payments usually far outstrip upfront deals continued from PAGE 3 the financial risk of drilling remains The fat return could be taken to “They regret it until they get their first royalty checks. Land agents “concealed and/or solely with the operator as the reserves mean the big energy company got a (A client) got a check in July and that first monthly actively misrepresented and/or are still unproven. The landowner, great deal on the leases it signed with failed to disclose the much greater while assuming no financial risk, farmers and other rural landowners check was for $178,000. You very quickly forget it.” surface, subsurface, and opera- retrieves monetary gain.” — and it did, say those who work – Brad Hillyer, a minerals lease expert and managing partner at Connolly, tional disruption as well as dramat- Chesapeake hasn’t been shy with such landowners — but they Hillyer, Lindsay & Ong ically greater profit potential and about bragging about the deal it got also say that’s par for the course value of oil and gas drilling rights on its Ohio leases, though — at least these days in Ohio’s red hot shale that Columbiana County landowners not to the investment community. market. Arnold said. “Now, depending on the Uhrichsville law firm Connolly, owned,” the suit states. Those leases, which are essen- An ‘exceptional’ return the resources under the ground, Hillyer, Lindsay & Ong, has been The landowners are suing several tially the rights to underground you’re seeing leases go for around working on gas and oil leases for employees of Anschutz, along with In speaking to analysts and minerals, oil and gas, generally $6,000 to $6,500 an acre.” more than 30 years on behalf of area Oklahoma-based Chesapeake. investors about its 2011 results in involve upfront bonus payments to That’s in the eastern half of the landowners. He’s never seen any- In a separate lawsuit, filed Jan. a Feb. 22 conference call, Chesa- landowners, but they can be sold state, Mr. Arnold said, where the thing like what’s going on today — 25 in U.S. District Court in Akron, peake CEO Aubrey McClendon said by leaseholders just like securities, Utica shale is the thickest and holds and the royalty payments that are Chesapeake is suing 95 other Ohio his company had paid about $2.2 said Dale Arnold, director of energy the most gas and oil. But prices are beginning to trickle in portend and landowners for attempting to get billion for leases in Ohio’s Utica services for the Ohio Farm Bureau climbing to the west, too. even bigger boom than almost any out of their leases and sell them to Shale. It then sold a 20% interest Federation and the man many For example, Mr. Arnold said, in rural landowner imagined, he said. another bidder. in those same leases to outside rural landowners turn to for infor- the Mansfield area, leases have shot Mr. Hillyer said he has one client Chesapeake declined to comment investors in order to raise capital for mation on how to evaluate and up in value, just not as much. There, who signed his lease four years ago, on the lawsuit against the company, drilling and production, and got manage the resources beneath their he said, leases that sold for $50 an for about $35 an acre for hundreds and an Anschutz spokesman did more than five times what it paid properties. acre or less five years ago today are of acres of property near New not return a telephone call to for them initially, Mr. McClendon In the last five years, Mr. Arnold fetching $2,000 to $2,500 an acre. Philadelphia. Is he upset because he discuss the case. said. It sold a 20% interest in its Ohio said, the price of those leases has Landowners must be careful not could have sold those same leases However, Chesapeake did say it leases, mostly to foreign investors, skyrocketed, in a trend that began to sell their leases too cheaply, and for thousands more per acre today? risks its own money in finding and for $2.3 billion, he reported. in the eastern fringes of the state, many have wised up and have He might have been, but he’s proving underground reserves. “We recovered 105% of our costs where the Marcellus Shale overlaps begun demanding higher prices for not any more, said Mr. Hillyer — “The bonus payment should not to date and yet still have 80% of our the Utica, and rapidly is advancing the drilling rights to their property, because the wells on his property be viewed as equal to the value of acreage left,” Mr. McClendon said. westward across Ohio. especially if they have large hold- are producing. the commodity that exists within “That’s exceptional under any Seller beware ings, Mr. Arnold said. “They regret it until they get their the acreage,” Chesapeake director circumstances, but especially when It’s a bit of a dog-eat-dog market. first royalty checks,” Mr. Hillyer of corporate development Keith you consider that Chesapeake’s “Farmers were being offered, and For instance, the state of Ohio does said. “He got a check in July and Fuller in a Feb. 27 email to Crain’s average holding period on its Utica were signing into leases, at around not get involved with lease negotia- that first monthly check was for Cleveland Business. “Remember, leases was only about one year.” $50 per acre” five years ago, Mr. tions, said Ohio Department of $178,000. You very quickly forget it.” Natural Resources spokeswoman Mr. Hillyer said that landowner Heidi Hetzel-Evans. Nor would it has not received a monthly check take sides, unless possibly there was for less than $90,000 since produc- fraud or some sort of wrongdoing tion on his property began last involved in a transaction, she said. summer. “Those are private contracts Ohio landowners are faring better between two private entities,” Ms. than their Pennsylvania counter- Hetzel-Evans said. parts did, so far, because they have But landowners, especially farmers, more valuable gas and liquids understand that the value of the beneath their property, Mr. Hillyer leases fluctuate wildly — after all, said. Not only are Ohio’s shale they’ve been dealing with commodity deposits thicker, but they contain trading most of their careers, notes oil and other liquids, which have Mr. Arnold. gone up in value while the price of More important, though, the natural gas has plummeted. amount of money involved in selling “Those (Pennsylvania gas) wells a lease is small potatoes to most have been averaging, for the farmers, compared to what they’ll landowner, about $5,000 per acre in receive in ongoing royalty payments, royalties,” Mr. Hillyer said. “In Ohio, said attorney Brad Hillyer, a minerals 14 of these wells have now been lease expert. finished and nine of them are in production. In Ohio, that number is Love those royalty checks closer to $15,000 per acre.” A gas, oil and minerals lease In other words, he said, a farmer usually provides two forms of with 100 acres — not even a partic- payment to the landowner — the ularly large farm in many parts of upfront bonus for signing the lease, Ohio affected by drilling — could then a royalty payment based on earn $1.5 million just from royalty percentage of the revenues that are payments, Mr. Arnold said. And produced from drilling or other many are getting more, because activity. The bonus payments have they demanded a higher percentage gotten the headlines so far, but it’s of revenues, he said. the royalty payments that will make But hang on, say he and other landowners rich, Mr. Hillyer said. observers — the boom is just begin- Mr. Hillyer, managing partner of ning. ■ BUSINESS Commercial Banking is our business.

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FILE PHOTO/MARC GOLUB LAND AVAILABLE IN BEACHWOOD Ron Clutter, the founder of the Geneva area Recreational, Educational Athletic Trust, the nonprofit of which Spire Insti- tute is a part

entral P Spire: C k Contractors protect interests w y continued from PAGE 1 “There’s not a lot of cash floating around in contractors’ Those contractors with liens pockets. Everyone needs their money. This is putting a Enterprise Pkwy 4.871 Acres against Spire and who spoke with 271 AVAILABLE Crain’s said up until the past five lot of people in duress.” or six months they’ve never had – Mike Greene, president, Air Control Products Inc. trouble with collecting payment from Spire for their work. But they’re brought visitors to Ashtabula County uate academies, students in which concerned enough now to file liens. — Mr. Cordell estimated Spire’s for now will be housed at nearby Among that group is Mike February traffic at 20,000 visitors, Andrews Osborne Academy. The $FUHVRI3ULPH&RPPHUFLDO/DQGRQ&HQWUDO3DUNZD\ Greene, president of Air Control either athletes or spectators — and dorm projects are on hold until new ([FHOOHQW,9LVLELOLW\DQG)URQWDJH Products, a subcontractor for HAVE. has had a positive impact on the financing can be lined up, Mr. ([FHOOHQW+RWHO5HVWDXUDQW2I¿FH'HYHORSPHQW6LWH “There are times in the construc- community. Cordell said. *HQHUDO&RPPHUFLDO=RQLQJ tion industry when monies freeze When asked if he’s confident his The institute has landed its share ,&KDJULQ%OYG7UDI¿F&RXQW2YHU&DUV'DLO\ up, but things get worked out in a company will recoup the money it’s of big-name events. )RUPRUHLQIRUPDWLRQFRQWDFW relatively easy fashion. This one is owed, Greg Detrick of Detrick Spire last May announced that *5(*25<%:(67 not,” said Mr. Greene, whose lawyer, Industrial Piping of Ashtabula said, 400-meter world record holder David Croft of Cleveland-based “I have to be.” Mr. Detrick’s company Michael Johnson would open his JUHJRU\ZHVW#RPFOHFRP ZZZRVWHQGRUIPRUULVFRP Nicola, Gudbranson & Cooper, in is owed $850,982, according to its lien. second performance training January filed Air Control’s $71,161 But a source familiar with the center at the complex. Meanwhile, lien against Spire. contracting business in Ashtabula the Big Ten will bring its indoor Mr. Greene said his company County said that while Spire has track and field championships actually is owed about $200,000. used many local contractors on the there in 2013, while the Horizon “And I’m small potatoes,” he said. project — Mr. Clutter boasts of his League indoor track and field “Times right now aren’t really good Ashtabula roots and his commit- championship meet was held there for anybody. There’s not a lot of cash ment to the community — those in February 2011. floating around in contractors’ companies end up hurt more by The Mid-American Conference pockets. Everyone needs their money. non-payments than a big contrac- staged its 2011 volleyball tourna- This is putting a lot of people in duress.” tor would be. ment there and will do the same this Smaller contractors “are not fall, and last month Spire played host Banks balk at lending capitalized well enough to do a pro- to a national college track meet with Stuart Cordell, a partner in ject of that size,” said the source, some of the country’s top performers. who requested anonymity. “If money Warren and Young PLL of Ashtabula ‘We hate doing this’ and the lawyer for Ron Clutter, an starts to slow down, it can reach up Ashtabula native and businessman and bite you really fast. Their Mr. Clutter in August 2010 placed and the driving force behind Spire, suppliers may take action, and once cost estimates for Spire at $60 million, said the money available for you get cut off on one job, others but that estimate eventually grew to construction of the complex’s latest aren’t far behind.” $100 million. Mr. Cordell said installment — a 300,000-square-foot Another contractor with a lien private financing was always a part aquatics center — fell short of against Spire, but who did not want of the plan for Spire “eventually,” What IF your law firm covering its costs. to be identified, said the company and that he isn’t worried that the provided Insight for the For the last seven months, Mr. viewed its lien as a kind of last effort inaccessibility to financing will con- Cordell said he has been in pursuit to protect itself. tinue. challenges at hand and of private financing to pay off the “Our concern, and the major “Our plan is to get financing, pay Foresight for the issues construction debt and to continue discussion from our end, is that once off everyone and move forward,” on the horizon? development of the complex, but you fire the bullet, is there ever really Mr. Cordell said. He said the private lenders have been hesitant. Up to a chance to get paid?” the contrac- investors with whom Spire is this point, the project has been tor said. “If it gets to the court system, talking “are asking for more infor- financed privately, with Mr. Clutter your chances go down dramatically. mation. It’s a unique project, not a providing an undisclosed major There’s an exposure there.” cookie-cutter. “We hate doing this,” Mr. Cordell investment. Aspiring to great things “We have been flatly turned down said of Spire’s failure to pay various by all major financial institutions,” Construction at the Spire com- contractors. “We know there are Mr. Cordell said. “They’ve said, ‘It’s plex, then known as GaREAT, an awful lot of local contractors speculative, a startup, real estate. began in 2008. It opened in 2010 squeaking by.” Our bank’s policy is that we can’t with a 215,000-square-foot building Mr. Clutter bought Geneva-based Carl J. Grassi Shawn M. Riley do this kind of a deal.’” split up into soccer fields and vol- Nordic Air, which made air condi- Mr. Cordell said Mr. Clutter’s leyball/basketball courts; a 250,000- tioning units for extreme environ- President Cleveland Managing Member group is talking with potential insti- square-foot indoor track/football ments, in 1998; it in turn was McDonald Hopkins LLC tutional investors, but that there are building; and a 5,500-seat football bought in February 2010 by HDT 600 Superior Avenue, East, Suite 2100 no proposals on the table yet. stadium and outdoor track. The Engineered Technologies of Solon. Cleveland, OH 44114 • 216.348.5400 latest project, the aquatics center, is Mr. Clutter last July left HDT to Contractors’ dilemma open but is not complete. focus on Spire full time. ■ www.mcdonaldhopkins.com Each contractor Crain’s spoke to Spire officials also hope to build Chicago • Cleveland • Columbus • Detroit • Miami • West Palm Beach for this story was hesitant to criticize dormitories for the institute’s Research editor Deborah Hillyer the project, because they said it has planned high school and post-grad- contributed to this story. 20120305-NEWS--11-NAT-CCI-CL_-- 3/1/2012 3:15 PM Page 1

MARCH 5 - 11, 2012 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 11

said the group presented City Council with a petition signed by owners of Ambassadors: Extra hands help with retail growth 75% of the frontage. Council passed legislation that would allow the continued from PAGE 1 last year was called Ohio City said even though the district includes neighborhood has one and Cleve- special assessment to be added to Easter and the Cleveland Indians’ Near West Development Corp., had the nine-story United Bank Building land Heights has three. Other areas, property tax bills. home opener. offered some neighborhood services with more than 100,000 square feet including Lakewood and Cleve- The boundaries of the Ohio City It’s the downtown group’s first to the broad Ohio City neighborhood. of office space, there is almost no land’s Kamm’s Corners neighbor- SID are Jay Avenue on the north, expansion of what it considers a But the growing retail environment office vacancy in the district. He hood, have been looking into Chatham Avenue on the south, West successful customer service program adjacent to the West Side Market said the district has many small SIDs. Mr. Marinucci said he’s talked 24th Street to the east and West 28th for downtown workers, residents and needed special attention, and the accounting, law and design firms to several neighborhoods about Street to the west. It does not tourists. Joe Marinucci, president of group’s foundation and public occupying upper-floor space. spreading DCA’s Clean & Safe include St. Ignatius High School and the Downtown Cleveland Alliance, block grant money couldn’t be used program to other areas, but so far, Lutheran Medical Center, though said the extension is a win-win for to focus on a small part of the Broad neighborhood support none have gotten petitions signed. those nonprofit organizations have his group and Ohio City, as it spreads neighborhood — especially when Special improvement districts are Plans for the Ohio City special been supportive of the effort and his overhead costs over a broader not all the commercial property attractive to neighborhoods in urban improvement district got rolling have made financial contributions to territory and gives the Ohio City retail owners were paying members of areas that have seen some redevel- last year. the program. district a level of service it might not the Ohio City group. opment investment, where new The Ohio City group was required Many of the neighborhood’s be able to afford otherwise. The old program, Mr. Wobser restaurants and shops are gravitating, to file a petition with Cleveland City largest property owners helped get “We can use some of our existing said, “had too many free riders.” and where property owners see the Council indicating that property the SID effort under way, including equipment,” Mr. Marinucci said. “And Mr. Verespej said the Ohio City value of keeping trash cans emptied owners who control 60% of the Great Lakes Brewing Co., Dave’s we can get staff from our (down- retail district has 86 storefronts and, and a visible security presence. frontage within the boundaries Supermarket and MRN Ltd., the town) operations center to Ohio City with 25 new businesses since 2009, In addition to downtown and Ohio chosen for the SID supported the developer that owns the United Bank effectively.” only four are vacant. Mr. Wobser City, Cleveland’s Detroit Shoreway creation of the district. Mr. Verespej Building at West 25th and Lorain. ■ The alliance contracts with a Louisville, Ky., company, Block by Block, that hires and manages a staff of more than 50 yellow-shirted Ambassadors to patrol the streets, water plants on public lampposts, and power spray grime and chewing gum off sidewalks. “This is the single most important advance in the neighborhood,” said A LOAN WITH Cleveland City Councilman Joe Cimperman, whose ward includes downtown. “It changes the percep- tion of the district.” Darrel Young, whose Darrel A. Young Enterprises owns a shopping center across Lorain from the West Side Market, said he believes property owners saw the value of the SID, even though the assessment would be cash out of their pocket. “The general attitude (of property owners) is there is going to be a return on investment — not necessarily cash on cash, but the investment is A CITIZENS BANK LOAN LETS YOU FOCUS ON THE FUTURE ... because the businesses going to be more intrinsic,” said Mr. Young, who is president of the non- that will succeed tomorrow are the ones that make the right choices today. They are profit Market District Improvement Corp., which is the formal operator led by individuals who see opportunity for growth and expansion, and take action with of the special improvement district. complete conﬁdence. A loan from Citizens Bank will keep you moving forward and “The cleanliness and those kinds of things and the general improve- never wondering, “What could have been?” ments it brings psychologically to people who use the market district will be the return that we’ll see ulti- mately,” he said. Get the loan you deserve now. To make an appointment with a Citizens Banker, Primping for a big event call 800-946-2264 or visit CITIZENSBANKING.COM/BUSINESS. Ohio City has been transforming its residential areas for decades. But it’s only recently that the retail strips radiating out from the West Side Market have been transformed. “It’s an overnight success that’s been growing for 40 years,” said Eric Wobser, executive director of the Ohio City group. This is a big year for Ohio City, because 2012 marks the 100th anniversary of the opening of the West Side Market. The celebration of that milestone will be kicked off June 2, an event that also will mark the reopening of Market Square Park, a vest-pocket park across Lorain from the market. Plans also include a street festival on Oct. 7 and a formal gala Nov. 3. In addition, Cleveland and the West Side Market will host Sept. 21-23 the 8th International Public Markets Conference, a gathering of urban planners, architects, market operators and local food advocates. The last conference was held in San Francisco in 2009. Mr. Wobser said his “clean and safe” budget of about $125,000 is too small for a direct contract with Block by Block. But bidding for the contract attracted seven proposals, and the one from Downtown Cleveland Alliance was the best. The Ohio City group, which until 20120305-NEWS--12-NAT-CCI-CL_-- 3/1/2012 10:56 AM Page 1

12 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MARCH 5 - 11, 2012

Date filed: Jan. 18, 2012 ID: 86-1138748 Type: Employer’s withholding TAX LIENS Type: Employer’s withholding, Date filed: Jan. 31, 2012 Amount: $21,956 unemployment Type: Employer’s withholding, The Internal Revenue Service filed tax Amount: $88,297 Amount: $53,712 unemployment Westlake Pizza Inc. liens against the following businesses Amount: $33,340 24533 Center Ridge Road, Westlake in the Cuyahoga County Recorder’s SJT Enterprises Inc. Protem Homecare LLC ID: 20-8706195 Office. The IRS files a tax lien to 28045 Ranney Parkway, Suite L, 3530 Warrensville Center Road, Rybak & Associates Inc. Date filed: Jan. 10, 2012 protect the interests of the federal Westlake Suite 200, Shaker Heights 21821 Libby Road, Suite 102, Bedford Type: Failure to file complete return government. The lien is a public ID: 34-1638133 ID: 20-3836346 ID: 03-0514289 Amount: $19,968 notice to creditors that the government Date filed: Jan. 18, 2012 Date filed: Jan. 20, 2012 Date filed: Jan. 18, 2012 Dentz Painting Inc. has a claim against a company’s Type: Employer’s withholding Type: Employer’s withholding, Type: Employer’s withholding 5181 W. 61st St., Brook Park property. Liens reported here are Amount: $87,596 unemployment, corporate income Amount: $31,719 ID: 34-1927120 $5,000 and higher. Dates listed are Amount: $40,101 Bencin Material Hauling Inc. Masters Sivinski & Marcis LLC Date filed: Jan. 18, 2012 the dates the documents were filed in 2636 Brecksville Road, Richfield Lakewood Pizza Inc. 4807 Rockside Road, Suite 260, Type: Employer’s withholding the Recorder’s Office. ID: 61-1426951 16210 Detroit Ave., Lakewood Independence Amount: $18,418 Date filed: Jan. 31, 2012 ID: 20-1130641 ID: 34-1723555 LIENS FILED Type: Employer’s withholding Date filed: Jan. 20, 2012 Date filed: Jan. 10, 2012 Adelphia Painting Inc. Amount: $71,692 2709 North Ave., Cleveland J R Hudak Inc. Type: Employer’s withholding, failure Type: Civil penalty assessment to file complete return Amount: $30,616 ID: 22-3970555 6465 Pebblecreek Drive, Independence NETeam AVI LLC % Zenith Amount: $35,494 Date filed: Jan. 18, 2012 ID: 34-1675388 Systems LLC Sherall Hardy LLC Type: Employer’s withholding Date filed: Jan. 24, 2012 5060 Corbin Drive, Bedford Heights Green Road Auto Body Shop Inc. 9804 Easton Ave., Cleveland Amount: $18,399 Type: Employer’s withholding ID: 52-2405579 650 S. Green Road, South Euclid ID: 04-3788598 Amount: $186,850 Date filed: Jan. 24, 2012 ID: 34-1137363 Date filed: Jan. 10, 2012 Patton Painting Inc. Type: Civil penalty assessment Date filed: Jan. 31, 2012 Type: Employer’s withholding 871 Canterbury Road, Suite J, Accounting Services 2 Amount: $69,832 Type: Employer’s withholding, Amount: $28,896 Westlake 1285 W. Ninth St., Cleveland unemployment ID: 42-1580088 ID: 26-3550329 Custom Health Care Amount: $35,001 Metal-Mation Inc. Date filed: Jan. 20, 2012 Date filed: Jan. 31, 2012 Professionals Inc. 2391 W. 38th St., Cleveland Type: Employer’s withholding Type: Employer’s withholding, 5001 Mayfield Road, Lyndhurst Northeast Contracting LLC ID: 34-1534696 Amount: $18,217 unemployment ID: 34-1875479 25446 Bryden Road, Beachwood Date filed: Jan. 20, 2012 Amount: $92,889 Date filed: Jan. 20, 2012 ID: 20-4369728 Type: Employer’s withholding Patton Painting Inc. Type: Employer’s withholding, failure Date filed: Jan. 20, 2012 Amount: $26,567 871 Canterbury Road, Suite J, TDE Group Inc. to file complete return Type: Employer’s withholding, Westlake 28850 Aurora Road, Solon Amount: $60,537 unemployment Passport Project Inc. ID: 42-1580088 ID: 34-1968692 Amount: $33,460 12803 Buckeye Road, Cleveland Date filed: Jan. 10, 2012 Date filed: Jan. 4, 2012 Accounting Services 2 ID: 34-1941840 Type: Employer’s withholding Type: Employer’s withholding, 1285 W. Ninth St., Cleveland Gill Paramjit LLC Date filed: Jan. 4, 2012 Amount: $17,282 corporate income ID: 26-3550329 54 Vista Ridge Circle, Hinckley Type: Employer’s withholding, failure to file complete return Ensign Products Co. Amount: $24,442 P.O. Box 27167, Cleveland ID: 34-1105142 AAA Municipal Services LLC Date filed: Jan. 4, 2012 7277 Bessemer Ave., Cleveland Type: Employer’s withholding, ID: 86-1070006 unemployment Date filed: Jan. 10, 2012 Amount: $15,212 Type: Unemployment Amount: $23,905 J R Hudak Inc. 6465 Pebblecreek Drive, Where Protem Homecare LLC Independence can I get a 3530 Warrensville Center Road, ID: 34-1675388 What are best Suite 200, Shaker Heights Date filed: Jan. 24, 2012 sample job ID: 20-3836346 Type: Unemployment practices for Date filed: Jan. 20, 2012 Amount: $13,510 description? employee on- boarding? if you are paying more than $10 per foot, you are overpaying. What do I need to include in my employee Where can handbook? I get local compensationco data? Where Does this should we post our new qualify under job opening? FMLA?

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14 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MARCH 5 - 11, 2012 Auto dealer adds downtown pickups GOING PLACES JOB CHANGES CHECKING THE LIST haps at their Erieview Tower parking Collection expands garage site, according to Sharri Thomas, DISTRIBUTION but the joint venture resulted. A list of downtown drop-off JENNE INC.: Rick Coan to senior with 11 sites in city “It has been part of our vision since locations for Collection Auto Group: vice president, finance. 200 Public Square we started to partner with a dealer- By STAN BULLARD 55 Public Square ship,” Mrs. Thomas said. “We have a FINANCIAL SERVICE [email protected] Fifth Third Center niche that Mr. Moreno did not have PNC Center access to, as well as a large customer BCG & CO.: Doug Mathey, Rick Fishman Caputo Gerak Collection Auto Group, which One Cleveland Center base and well-known brand that will Kavenagh, Ray Dunkle, Don Snyder operates car dealerships in suburbs Tower at Erieview (Galleria) allow us to expand.” and Ray Lampner to shareholders; from North Olmsted to the west and Memorial Garage (127 Public The couple launched Detail Masters Tracy Reed and Jason Tuma to Beachwood to the east, has filled a Square) as a part-time venture in 2005, but it directors. hole in its market coverage through Diamond Bldg. (1100 Superior Ave.) became a full-time endeavor in 2006 BRUNER-COX LLP: Melissa A. a joint venture that effectively adds Penton Bldg. after they landed the car wash oper- Sidebotham to marketing assistant. ation at 200 Public Square. The two 11 downtown drop-off locations for Eaton Center COHEN & CO.: Adam Hill and saw the opportunity as more of a its customers. Case Western Reserve University Angelina Milo to partners; Scott venue for services than simply a car Bernie Moreno, owner of Collection Lichtenstein, Josh Messina and wash, Mrs. Thomas said. Falletta Kornbluth Stumphauzer Auto Group, said he acquired Detail Raymond Polantz to principals; garages serving buildings such as Mr. Moreno said the venture al- Masters from founders and owners Joseph Damore and Michael Key Tower and 200 Public Square in lows him to provide easier service for president, Graphite Electrodes; Julian Sharri and Anthony Thomas and McGivney to senior managers; Adam downtown Cleveland, as well as a his customers who work downtown. Norley to vice president, corporate formed a joint venture auto detailing Timblin to manager; Adam Schultz, site at University Circle. “We understand that the thing research and development. business with the duo called “Collec- Josh Swander and Brandon Coates “This is where we get the slogan that people who buy luxury cars tion Auto Care.” to senior staff accountants; Jim Strobe ‘Located where you are,’” Mr. from us care most about is time,” Mr. “I liked the company so much I to chief financial officer; Gretchen MARKETING Moreno said. “You can drop off your Moreno said. “With a reservation, bought it,” Mr. Moreno quipped. “The Jancsura to controller; Samantha KNOTICE: Eric Kinaitis to senior car at one of the Collection Auto this makes detailing or repairs a few Thomases are terrific, so they became Guzik, Amber Rose, Robert Towne, account executive. Care locations and have it washed seconds out of your day.” my partners. They had the contracts Michael DeVries, Brian Korsberg, and detailed while you work. If you The arrangement also provides a with the buildings, but I also wanted Lauren Lippert, Dana Raponi, NONPROFIT need service at one of our dealer- route to make contact with people them.” Arthur Rice, Jonathan Williamson ships, you can drop it off in the who bought their cars elsewhere, Mr. CLEVELAND ORCHESTRA: Jon Lim- Mr. Moreno said the Thomases and Jason Sabine to staff accountants; morning and get a loaner car in your Moreno said, in order to start relation- bacher to chief development officer. own 30% of the succeeding venture Felicia Luangraj and Nicoletta parking space if you need one.” ships for possible future purchases. and he owns the rest, though specific Gallo to office services assistants; MOBILE MEALS: Lorie Travaglino The Thomases approached Mr. Collection Auto Group sells car brands terms of the acquisition of the 17- Angel Wells to health care consultant; to president, CEO. Moreno about plans to hold an auto that include Acura, Buick, Infiniti, employee company were not disclosed. Kathleen Lawry to marketing specialist. The business has locations in parking show highlighting their services, per- Mercedes-Benz, Porsche and Spyker. ■ REAL ESTATE COHEN FUND AUDIT SERVICES: Robert Velotta to partner; Brett RUSSELL REALTORS: James Hanslik, Eichenberger to senior manager; Peter Kamples, Michael Lewis and Bob Cross, Adam Magana and Sally Sochacki to sales associates. Stacey Rodgers to managers; Alex Hocking and Mike Maimone to SERVICE senior staff accountants; Jeffrey EXPERIENT: Elizabeth Linn to Hensien, Nathan Zellers, Tabitha strategic sales executive. Zukoski to staff accountants. INCEPT: Sam Falletta to president, CORRIGAN KRAUSE: Margaret K. CEO. Kuchling to supervisor; Aaron C. PRICE FOR PROFIT: Jay Yellen to Apathy to senior associate. director; Cedric Crucke to associate. GALLOVIC, GRANITO & CO.: Sam SKODA MINOTTI STAFFING: Jasmin Calic to manager; Beverly Petersen Denholm to senior recruiter, Profes- to supervisor; Lisa Hrvatin to senior sional Staffing Group. accountant. TRANSPORT SERVICES: Adam SKODA MINOTTI: Gina Teresi and Therrien to president. Tiffany Burke to paraprofessionals, Small Business Services Group. TECHNOLOGY FOOD SERVICE BRITESKIES: Matt Pokopac to delivery director. TRIMARK USA: Mark Fishman to corporate vice president. MCPC INC.: Richard Williams to network engineer; Tom Atkinson to GOVERNMENT director, business operations, branch focus; George Hoover to solution NASA GLENN RESEARCH CENTER: consultant; Mikala Peterson to talent Gene L. Stygles to chief and Renee acquisition specialist; Nick Parker to D. Palyo to deputy chief, Facilities solution architect. Division, Facilities and Test Directorate. ONOSYS: Scott Svoboda and Kelly HEALTH CARE Fergus to menu engineers. PARTSSOURCE: Jeff Dalton to chief INSIGHT LEARNING AND WELLNESS operating officer. CENTER INC.: Kareen Caputo to clinical counselor and marital therapist. BOARDS LEGAL ORT AMERICA CLEVELAND REGION: OGLETREE, DEAKINS, NASH, SMOAK David A. Kornbluth (RIK Enterprises & STEWART PC: John Gerak to LLC) to president. co-managing shareholder, Cleveland. RETIREMENTS OTT & ASSOCIATES CO. LPA: Amanda L. Aquino to associate. LEADERSHIP LORAIN COUNTY: Gail Stumphauzer, CEO, after 12 years. MANUFACTURING GRAFTECH INTERNATIONAL Send information for Going Places to HOLDINGS INC.: Lionel Batty to [email protected].

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ebecca O. Bagley, NorTech president and CEO, said the variety of industries represented in this year’s more than 40 NorTech RInnovation Awards nominations — which range in concentration from advanced energy and flexible electronics to bioscience — proves the depth and diversity of techno- logical innovation taking place in the region. The annual NorTech Innovation Awards program highlights breakthroughs that have or demonstrate the ability to positively impact industries, markets and the local economy through job creation, at- traction of capital investment and overall business growth. In addition to the 14 finalists selected, Stephen Spoonamore, CEO of Wooster-based ABSMaterials Inc., is the 2012 Regional Impact Award recipient and keynote speaker. Mr. Spoonamore has Spoonamore founded and co-founded a number of technology companies in diverse sectors, such as mining, digital image sorting, compression systems, cyber-crime detection, renewable energy, pipeline controls and complex signal transmissions. Under Mr. Spoonamore’s, leadership the company was named the 2011 Recipi- ent of the Ohio Chamber of Commerce Excellence in Entrepreneurship Award. The company’s signature product, Osorb glass technology, was named a Top 10 Breakthrough innovation by Popular Mechanics. Winners of this year’s NorTech Innova- tion Awards will be announced at an award reception from 5:30 to 8:30 p.m. March 22 at LaCentre Conference and Banquet Facility in Westlake. Tickets can be purchased online at www.CrainsCleveland.com/niatix or by calling Jessica Snyder at 216-771-5388. Ticket sales close at noon March 20.

FOR MORE ON THE ABOUT THE JUDGES

FINALISTS ... A list of judges for this year’s NorTech Innovation Awards: ... turn to Pages 16-18 for ■ Dennis Cocco, co-director, GLIDE (The Great Lakes detailed explanations of this year’s Innovation and Development Enterprise) 14 finalists and their innovations: ■ ■ BrainMaster Technologies Inc. Sarah Coffin, most recently CEO of Aspen Growth Strategies, a family investment firm, and former executive vice ■ eQED LLC president and president of Hexion Specialty Chemicals (now ■ GrafTech International Momentive Specialty Chemicals) Holdings Inc. ■ Malcolm Cooke, associate professor, Department of ■ Kent Displays Mechanical and Aerospace Engineering, Case Western Reserve ■ LineStream Technologies University ■ MesoCoat Inc. ■ Brian Davis, vice president, Medical Device Development Center, Austen BioInnovation Institute in Akron ■ NASA Glenn Research Center, Shape Memory Alloy Team ■ John Gannon, president and CEO, Blue Spark Technologies ■ NASA Glenn Research Center/ ■ Mike Hripko, director, STEM Research and Technology- Ohio Aerospace Institute/Sest Inc. based Economic Development, Youngstown State University ■ NuVention Solutions ■ Jim Jaffe, president and CEO, National Association of ■ Polyflow Seed and Venture Funds ■ Powdermet Inc. ■ Ajay Mahajan, associate dean for research/professor, ■ Spectre Sensors Inc. mechanical engineering, University of Akron ■ Tesla NanoCoatings Ltd. ■ Grant McGimpsey, vice president for research and ■ Thermalin Diabetes sponsored programs, Kent State University 20120305-NEWS--16-NAT-CCI-CL_-- 3/1/2012 3:27 PM Page 1

16 CRAIN’S CLEVELAND BUSINESS MARCH 5 - 11, 2012

BRAINMASTER electrical activity, whereas other KENT DISPLAYS Improv Electronics, the consumer durable and lightweight construc- imaging techniques offer only product subsidiary of Kent Dis- tion; and rechargeable batteries TECHNOLOGIES INC. structural or metabolic images. In Kent plays. It is the newest model of with one week between charges Bedford turn, the system “has significant Boogie Board Rip LCD e-writers from Improv Electronics under typical use. new value for neurology, psychiatry, Writing Tablet that utilizes Kent Displays’ Reflex Improv Electronics also has BrainAvatar brain imaging and mental health assessment and No Power LCDs. designed free, optional download- biofeedback system treatment, consumer research, he Boogie Board Rip LCD “The Boogie Board Rip tablet’s able software to be used in sports, art, peak performance and Writing Tablet could be ability to record and save notes conjunction with the Boogie Board considered aster. Less costly. Higher optimal functioning.” and images Rip tablet. the elec- resolution. Currently, the system most makes it the ideal “The Boogie Board Rip tablet’s Ttronic alternative Those are the advantages often is used by psychologists to paperless re- paper-saving and productivity to paper. Bedford-based BrainMaster examine, assess and treat patients, placement for pa- benefits will have the most pro- The Rip tablet FTechnologies Inc. says its Brain- said BrainMaster president Tom per notebooks, le- nounced impact in education and (Rip stands for record, Avatar brain Collura. gal pads, and sketch books,” workplace environments, where image and preserve) combines a imaging Brain- according to the nomination. note-taking activities are most paper-like writing experience with system offers Master The device includes the follow- prominent,” the nomination said. the ability to record written and over more employs 12 ing features: internal memory for “It will replace wire-bound note- drawn images and save them as traditional and sells the 200 typical images; high-resolu- books, loose-leaf paper, work- PDF files. The files can then be functional magnetic system for about $10,000, in com- tion, vector PDF format (nearly books, essay books, composition transferred to a computer for resonance imaging. parison to the functional MRI system, infinite scalability and editable in books and sketch pads. Like other editing, organizing, archiving or BrainMaster’s electroencephalo- which generally costs millions of Adobe Illustrator/Photoshop and Boogie Board tablets, it is also an sharing. graphic system has a resolution of dollars, according to the nomina- most other popular illustration excellent replacement for memo The Boogie Board Rip LCD 5 millimeters, as opposed to a typical tion. It’s sold 40 BrainAvatar systems and image editing programs); 9.5- pads, sticky notes and smelly dry Writing Tablet was introduced to functional MRI’s resolution of 2 since being introduced to the inch writing surface (measured erase boards in both schools and the mass market in November by mm. It has a response time of 30 market in September. diagonally); micro USB port; thin, offices.” milliseconds, as opposed to a “We see this invention opening response of up to 10 seconds of new markets and uses, and changing MRI systems. the face of mental health care due LINESTREAM the manner in which to the nomination. The technology behind Brain- to its extraordinary speed and the behavior of auto- Not only did perfor- Avatar allows BrainMaster to accuracy, economy and potential TECHNOLOGIES INC. mated processes is mance improve by 30%, measure in real time actual brain importance,” the nomination said. Cleveland managed, a standard that’s been but energy consumption dropped Advanced controls software in place more than 50 years. by more than 50%; the system no The new software employs an longer resided in a state of perpetual eQED LLC into Alternating Current (AC). ineStream Technologies advanced algorithm based on a self-correction. Parker Hannifin Those inverters use electronic believes its software will decade’s worth of research done immediately licensed InTac — Mayfield Village sensing circuits and software to improve control over the by Zhiqiang Gao, director of the which is aimed at managing automated processes Center for Advanced Control industrial processes — for plant- 250-watt HIKARI 01 Next Generation maximize power produced by Lunderlying everything from house- Technologies at Cleveland State wide use, the nomination said. Solar Microinverter individual modules and, as a result, the entire photovoltaic (PV) hold appliances to state-of-the-art University, which spun the Texas Instruments, meanwhile, cientists at eQED LLC system. manufacturing facilities. technology out into the startup has worked closely with LineStream are using innovations However, the nomina- According to its nomination, the now known as LineStream. to investigate SpinTac, which is in electrical system tion notes, “shading of current industry standard requires LineStream’s flagship products, aimed at the motor control market. design to advance a single panel causes extensive initial calibration, and it InTac (Industrial Tuning and Con- That technology withstood Sthe development of the entire PV system reacts slowly to errors. That’s where trol) and SpinTac (Spin Tuning scrutiny from the firm and outper- advanced energy. to operate inefficiently.” LineStream’s innovation comes in and Control) have demonstrated formed Texas Instruments’ stan- The company is a By contrast, microin- — its software has a reduced setup commercial and technical merit. dard in every key metric. In July, sibling of Quality Electro- verters are smaller, time and fewer system errors. Parker Hannifin Corp., for one, Texas Instruments signed a licensing dynamics, a fast-growing component-level LineStream Technologies’ inno- partnered with LineStream for a agreement for the technology, medical imaging firm. Its devices that attach to vation consists of a software suite test implementation of InTac in a revealing a degree of commercial technology was built on the individual solar aimed at fundamentally altering hose extrusion facility, according validation enjoyed by few startups. foundation of Quality modules. “They Electrodynamics’ receive module- strengths in manufac- level voltage and MESOCOAT INC. The company says better corrosion and wear resistance. turing, electrical engi- current and apply the process can MesoCoat is the only company neering, product development and the converted AC power through a Euclid produce stronger, globally to commercialize this quality systems management. parallel connection to the grid, CermaClad pinhole-free coatings technology because it has an The centerpiece of eQED is the eliminating a single point of system more uniformly and faster exclusive license to it from the Oak 250-watt HIKARI 01, a solar microin- failure,” the nomination stated. esoCoat’s CermaClad than other methods. Ridge National Lab and has filed verter that, according to the nomi- As a result, “with each microin- system provides a new, Currently, metal cladding with three U.S. patents of its own. nation, “converts direct current verter operating at a low power faster way of coating, or corrosion and wear-resistant The process can have an impact into alternating current at a level, the system demonstrates a cladding, steel to hike materials is considered to be the in a huge industry, for MesoCoat modular level.” low failure rate.” Mrust resistance compared to the best cost-effective option for cor- estimates the worldwide paint and The product “offers a cost-effec- Among eQED’s partners in industry’s standard systems that rosion and wear protection, but coating business is a $100 billion tive renewable energy system design development of the HIKARI 01 use welds or lasers for pipes, plates the process can lead to huge lead industry annually and metal coatings that maximized energy harvest, microinverter are Kyocera Solar, a and other steel structures. times, costs that are four or five times alone is a $28 billion industry. enhances reliability, decreases large PV panel manufacturer, and Instead, CermaClad uses a high- that of carbon steel and undesir- CermaClad also can help protect installation time and lowers main- Case Western Reserve University. density infrared heating lamp to able properties that have limited the environment by reducing the tenance costs.” The nomination stated that Forest clad such materials with a variety its application in the industry. call for steel products to replace In more traditional technology, City Enterprises Inc. “has expressed of powders, such as nickel-based According to the nomination, corroded steel and is particularly solar inverters convert Direct interest in purchasing HIKARI 01 alloys, metallic glass, polymers CermaClad is 15 to 100 times suited to serving the oil and gas Current (DC) from solar modules units.” and other materials. faster, 20% cheaper and it offers industry’s offshore drilling efforts.

GRAFTECH INTERNATIONAL The SS1500 has HTC. 2½ times the The project 2011 NORTECH HONOREES HOLDINGS INC. thermal conduc- first was initiated tivity at one- in 2007 through Parma quarter of the the Ohio SS1500 thickness of its Department of earlier generation Development’s rafTech International heat spreaders. Third Frontier Research Commer- Holdings Inc. reports that Additionally, the graphite sheets cialization Project. GrafTech was with the SS1500, it has are delivered to customers in a the lead on the project; local developed and commer- continuous sheet-to-roll manufac- collaborators included Case Gcialized the world’s thinnest turing process, which is ideal for Western Reserve University, the graphite heat spreaders to provide high-volume, low-cost rotary Ohio Aerospace Institute and the cooling and shielding in ultraslim die-cutting operations capable of University of Akron. consumer electronic devices, such making the millions of die-cut “The devices being produced as smart phones. parts needed for the high-volume by consumer electronic manufac- By providing effective cooling smart phone market. turers are becoming ever thinner in the smallest possible form, Full-scale manufacturing opera- and lighter to save on raw materials consumer electronic device manu- tions have been established in and prolong battery life,” the facturers can offer sleek, light- Lakewood, with 63 full-time jobs nomination said. “GrafTech’s weight designs that still provide created or retained to meet SS1500 material enables this the performance demanded by demand, which includes for use in weight and size reduction by consumers for 3G and 4G data smart phones produced by Apple, managing the heat in a much FILE PHOTO/JASON MILLER streaming. Motorola, Nokia, Samsung and smaller package.” A group of award winners and finalists gather after last year’s ceremony. 20120305-NEWS--17-NAT-CCI-CL_-- 3/2/2012 12:05 PM Page 1

MARCH 5 - 11, 2012 CRAIN’S CLEVELAND BUSINESS 17

NASA GLENN RESEARCH NASA GLENN RESEARCH least in some applica- won’t get too technical more perfect seed, but finding a tions. here, but suffice it to say way to grow it faster. CENTER, SHAPE MEMORY CENTER/OHIO AEROSPACE It works better, saves that most of the stuff is It could do for semiconductors ALLOY TEAM INSTITUTE/SEST INC. power and its high grown by a process that what LED lights are doing for thermal conductivity begins with a “large-area lighting — and, coincidentally, Cleveland Large tapered crystal to achieve helps it work in high- highly defective hexagonal LED lights also rely on silicon Advanced high-temperature shape nearly perfect silicon carbide powered devices. Some, polytype seed crystal.” carbide. memory alloys including the folks above, The folks at NASA, The result of the group’s work ne day, you may fly on a inally, something better believe it could revolutionize along with the Ohio Aero- is a process that makes a material plane, drive a car or stand than the silicon chip might the power transmission space Institute and Sest, with far fewer flaws than what in a shower that uses be coming along. industry, while also providing have come up with a can be produced by other shape-shifting metals OK, that might not mean big gains to automotive, better way to produce this methods. The process is good Fmuch to most folks, but scientists Odeveloped by NASA Glenn Research aerospace, communication important raw material. enough that the group won a Center. have known for some time that, and other industries. They did it by inventing patent for it. The center is working with a while silicon makes a workable But, until now at least, a whole new process for And if they’re right about its broad group of researchers and semiconductor, they could get getting a near perfect growing this crystal potential, it might also be good companies to commercialize a even better results if they used wafer of silicon carbide, or material, basically by enough to bring a few industries st lineup of high-quality silicon carbide, at SiC, was a tough thing. We starting out with a smaller, into the 21 century a little quicker. metals that change shape at temperatures POLYFLOW between 200 and 600 degrees Akron Fahrenheit and Waste-to-energy conversion then revert to their technology utilizing unrecyclable original shape when they cool plastic and rubber waste down. The fuels produced through the These “shape memory alloys” NUVENTION fertilizer coatings and asphalt paving, ater bottles, yogurt Polyflow process have the same could be used in a wide variety of roofing and sealant products. containers, bubble properties as conventional fuels. industries. For instance, they could SOLUTIONS INC. The technology has been reviewed wrap, paint buckets They can be blended with tradition- be used to create a part for jet Valley View by a variety of end users and funding and clothes hangers — al gasoline and diesel to create trans- agencies, most recently the Ohio forW Polyflow in Akron, this isn’t portation fuels that would lower engines that could reduce noise Accelerating the commercialization of during takeoff and change shape as Third Frontier program. In total, garbage but rather a few of the dependence on foreign oil sources. a novel bio resource resin (BR2) the plane reaches cruising altitude, NuVention Solutions has received ingredients the company can use Polyflow also suggests its tech- allowing it to save fuel. In cars, the his innovation puts animal more than $3.6 million in funds and to produce new fossil fuels. nology could alleviate the pressure metals could be used as part of a waste to work. in-kind services to develop the To create fuel, the Polyflow facing the nation’s landfills. For system that would turn waste heat Valley View-based project. process relies on the availability of example, 93% of all plastic and from engines into electricity. In the NuVention Solutions is The first test strip of pavement mixed-polymer waste, of which rubber ends up in landfills. home, they could be used to shut Tworking to commercialize a new containing a BR2-based binder was there’s no shortage. The United Also, the company suggests that off faucets when water reaches technology that converts manure laid in May 2010 in Eureka, Mo., States produces about 41 million using 100% of the nation’s available dangerously high temperatures. solids into bio oil, which then is and was found to outperform the tons of mixed polymer waste each polymer waste through the Polyflow These are just a few examples of converted into a variety of bio control. Now, NuVention Solutions year, according to the nomination. process could reduce U.S. depen- how manufacturers could use NASA resource resin (BR2) products, is working with the Ohio Department “The Polyflow technology dence on foreign oil up to 13%. Glenn’s shape memory alloys, which including asphalt binders, roofing of Transportation to lay test strips ensures price and supply stability “At a time when there is an could serve as actuators in a variety materials and fertilizer coatings. of pavement made from BR2-based to petroleum and petrochemical increasing concern over the nega- of products that today use electric In addition, the company cleans binder this summer. manufacturers as its production is tive environmental effects of land- motors and other devices to trigger resulting liquid effluent using an NuVention Solutions also will not dependent on traditional sources filling or incinerating plastic waste, certain actions. Shape memory algae bioreactor, making its manure commence by the second quarter of crude oil or natural gas to produce Polyflow removes the recycling alloys would be lighter, smaller and management approach unique in of this year large-scale trials for end products,” the nomination industry’s tallest hurdle while easier to maintain because they that it’s developing technologies to both bio oil and its algae produc- said. “Simply stated, Polyflow uti- offering a consistent, stable and have fewer moving parts. handle every component, solid and tion on a hog farm in Jeromesville, lizes a low-cost raw material and profitable source of energy for the The only similar alloys on the liquid, the nomination said. Ohio. produces a high-value end product.” economy,” the nomination said. market change shape at about 120 The technology is “game- degrees Fahrenheit, making them changing” for a list of reasons, unsuitable for many applications, including its creation of a new according to the nomination form. revenue stream for farmers, the NASA Glenn’s shape memory solution it provides for manure alloy team not only developed the management and watershed pro- materials, but it also designed the tection, and how it lowers costs for GLOBALLY recognized process for melting and casting the pavement binding and fertilizer alloys. coating. The center, however, is not “Not only does NVS technology NATIONALLY ranked working alone. Since 2005, the help solve the critical problems shape memory alloy team has created by (animal) waste, but it worked with two other NASA also uses this waste to produce LOCALLY vital centers, 12 universities and several sound value-added products that vendors, small businesses and can compete favorably in the Kent State University is major corporations. Some of the marketplace,” the nomination bigger partners include General said. the region’s leading public university Electric, Boeing, General Motors Bio resource resin imparts prop- and the Cleveland Clinic, which erties that either mimic or enhance s 2ANKEDASONEOFTHETOPUNIVERSITIESIN could help NASA Glenn develop those of existing materials at a the world, by Times Higher Education, London ways to use shape memory alloys in lower overall cost. Patent applica- s .AMEDTOTHETOPTIEROFTHE"EST#OLLEGESIN medical products. tions have been filed for BR2-based the nation by U.S. News & World Report s 'ENERATEDBILLIONINADDEDINCOMETO THE.ORTHEAST/HIOECONOMY Action Management Services s -ORETHAN GRADUATESWORLDWIDE Earning the trust of Northeast Ohio professionals s #ELEBRATINGMORETHANYEARSOF for over 30 years. excellence in action Professional -- Honest To The Point • Executive Search • Professional Placement • Consulting ACTION Management Services

6055 Rockside Woods Blvd. Cleveland, OH 44131 Kent State University, Kent State and KSU are registered trademarks and may not be used without permission. Kent State University, an 216-642-8777 equal opportunity, afﬁrmative action employer, is committed to attaining www.actionmgmt.com excellence through the recruitment and retention of a diverse workforce. 12-0074 TAKE ACTION TODAY! www.kent.edu 20120305-NEWS--18-NAT-CCI-CL_-- 3/2/2012 12:22 PM Page 1

18 CRAIN’S CLEVELAND BUSINESS MARCH 5 - 11, 2012

POWDERMET INC. for light- Case Western armored vehicles, sporting equip- weighting a Reserve Uni- ment and computer housings. Euclid wide variety of versity, the Replacing the steel chassis and MComP micro/nanocomposite metals applications National flywheel — a part that helps trans- where weight reduction is critical Science Foundation and the Army fer power from a car’s engine to its ith its latest innova- and volumetric properties cannot on early production methods and transmission — with MComP tion, Euclid-based be sacrificed.” demonstrations, including for use metals would reduce the weight of Powdermet Inc. has its In other words, the company’s in automotive connecting rod, wheel a midsize vehicle 22%, according eye fixed on, among aluminum and magnesium alloys and braking applications. Those uses, to Powdermet. THERMALIN otherW things, the EPA and National maintain the strength of steel but Powdermet says, will help auto The company says overall tran- DIABETES Transportation Safety Board’s offer up to a 70% weight savings. manufacturers meet new corporate sition to MComP metals can help Cleveland joint effort to drastically increase Swap those alloys into automotive average fuel economy standards of reduce global fuel consumption Portfolio of insulin fuel efficiency in cars by 2025. and aerospace applications, and 54.5 miles per gallon by 2025. by 1.25 trillion gallons per year, analogues In technical terms, the company you get significant reductions in The automotive market is Pow- while potentially reducing carbon says its MComP metals “offer energy costs. dermet’s main target, but it lists emissions by 24.5 billion pounds hermalin Diabetes is out to high-strength-to-weight materials The company is working with other potential markets as military in a vehicle. change the way that the world’s diabetics manage their conditions. TThe Cleveland company aims to SPECTRE SENSORS INC. silicon carbide MEMS (micro- technology from NASA Glenn. The their strength at very high temper- electromechanical systems) company says silicon carbide’s atures. commercialize four new types of Elyria technology to develop the sensor, inherent hardness — close to that As Spectre executives see it, insulin. The first product expected Commercial silicon carbide MEMS which will be compatible with of a diamond — and strength those qualities mean their sensor to hit the market could solve several pressure sensor housing and fitting used in “give it unparalleled long-term technology “can dramatically problems with existing insulin Spectre’s current product lines performance and ability to improve and expand the pressure formulas. pectre Sensors Inc. is of industrial and aerospace pres- perform in high-temperature measurement market and become For one, it is designed to be commercializing a pressure sure transducers. Its partners in settings.” the preferred choice in virtually absorbed by the body almost sensor that aims to offer no the MEMS sensor are the NASA High thermal conductivity and any petrochemical, chemical, immediately. Existing insulin less than better long-term Glenn Research Center and the low thermal expansion “give this food, pharmaceutical, military, formulas typically take about 15 Sperformance, higher temperature minutes to start working. Thermalin’s Richard Desich SMART Commer- material exceptional thermal space or nuclear applications.” tolerance and better chemical cialization Center for Microsystems shock-resistance qualities,” the Spectre says it plans to intro- product also would help keep resistance in harsh environments at Lorain County Community nomination said. Indeed, the duce the technology to its existing patients’ blood sugar levels from than existing sensors. College. company notes in its nomination customers “and selectively expand dropping too low after meals, No pressure there. Spectre has applied to license that in tests at NASA Glenn, the into new markets with strategic which can drive patients to eat The Elyria company is using the silicon carbide (SiC) sensor SiC pressure sensors maintained partners.” more and gain weight. And unlike other insulin formulas, Thermalin’s first product doesn’t TESLA NANOCOATINGS LTD. same way anodes are used to pro- need to be refrigerated, which tect bridges and other structures. would allow the company to Massillon The U.S. Government Accounting distribute it by mail or sell it in Teslan Carbon Nanocoating Office estimates that corrosion Third World countries. costs the U.S. $400 billion a year, It also could be a better form of ust never sleeps, but Tesla and the U.S. market for corrosion- insulin for patients with insulin NanoCoatings hopes to at control coatings is about $50 billion pumps: Not only could the fast- least give it a rest. Using nanotechnology, Tesla the coating particles and the base a year. So there’s money to be made acting formula help patients with The company, working has figured out how to engineer a metal. — and the industry has not seen any glucose monitoring systems regu- Rwith the U.S. Army Engineer coating filled with microscopic Since the coating includes zinc and groundbreaking new technologies late their blood sugar levels in real Research and Development carbon nanotubes. The tubes act other cathodic materials, the metal in more than 50 years, says Tesla. time, but it also is six times more Center, has come up with a new like little ropes to bind and is protected even if the coating is The Army already has been testing concentrated than traditional coating that goes on metal like strengthen the coating itself, but pierced. If that happens, the zinc the coating for six years — and is insulin. paint, but protects the metal like they also serve as little strands of and other sacrificial materials in recommending that it be used to Thus, it would allow manufacturers paint and galvanizing combined wire able to conduct electricity the coating give up their electrons replace the coatings now in use by to build smaller pumps, which — if not better. within the coating and between to protect the base metal — the the military on steel structures. would be particularly important if implantable pumps take off. The new formulas were developed by Dr. Michael Weiss, who is both LAST YEAR’S chair of the biochemistry department SPEAKER at Case Western Reserve University 2>A?>A0C42>;;4641A8=6B Medical School and Thermalin’s chief scientific officer. C74=0C8>=½B14BC;460;0=3 The company is targeting a large market: About 366 million C427=>;>6H4G?4ACBC> people in the world have diabetes, and that number is projected to =>AC740BC>78> grow rapidly over the next few decades. Several large pharmaceutical companies are shopping for better 0?A8;!#¸!%! ! insulins, partly because in a few EDUCATIONAL OFFERINGS NATIONALLY KNOWN PRESENTERS years some existing formulas no longer will have patent protection. GenTrak Egil “Bud” Krogh Thermalin has had early stage 36)ì8,%2ìì ì7)77-327ì3ï)6)(@ì Good People, Bad Choices and Life Lessons from conversations with pharmaceutical Complete all of your CLE credits for the White House companies with which the startup the year at one time, in one place. Dan Hill hopes one day it could form part- TechTrak Lie to Me! – Emotional Management of Your Marketing FILE PHOTO/JASON MILLER nerships. Hiroyuki Fujita, of Quality Electrody- Thermalin aims to begin testing 36)ì8,%2ìì7)77-327ì3ï)6)(ì83ì Will Invite Trust, Not Contempt help you conduct your practice more namics, speaks at last year’s NorTech its first product in clinical trials in Julie Savarino )î'-)280=Aì6%4-(0=ì%2(ì'378O)ï)'8-:)0=@ì Innovation Awards. early 2013. 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MARCH 5 - 11, 2012 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 19 NORTHEAST OHIO INVESTMENT BANKS

LISTED ALPHABETICALLY(1)

Company # of local Address Year investment Top local executive Phone/Website founded bankers Headquarters Specialties Chief investment banker(s) Title

BellMark Partners LLC 635 W. Lakeside Ave., Suite 606, Cleveland 44113 2009 6 Cleveland Merger advisory services, restructuring, valuations and Dave Gesmondi Dave Gesmondi (216) 575-1000/www.bellmarkpartners.com fairness opinions, strategic alternative reviews managing director managing director Brown Gibbons Lang & Co. LLC Michael E Gibbons Michael E. Gibbons 1111 Superior Ave., Suite 900, Cleveland 44114 1989 21 Cleveland Merger advisory services, restructuring, capital raising senior managing director, senior managing director, (216) 241-2800/www.bglco.com principal principal Bruml Capital Corp. Merger advisory services, sell-side and buy-side Robert W. Bruml, president; 1801 E. Ninth St., Suite 1620, Cleveland 44114 1986 3 Cleveland transaction advisory services, raising private capital, Andrew S. Gelfand, sr. vp; Eric Robert W. Bruml (216) 771-6660/www.brumlcapital.com valuation and fairness opinions W. Starr, vp president Michael F. Paparella, Glenn C. Candlewood Partners LLC Domestic and international advisory services regarding Pollack, William W. 10 1/2 E. Washington St., Chagrin Falls 44022 2001 10 Cleveland mergers, acquisitions, divestitures, restructurings and Vogelgesang, managing Michael F. Paparella (440) 247-2800/www.candlewoodpartners.com capital raises directors; Christopher S. managing director Wagner, director Carleton McKenna & Co. Buy-side and sell-side M&A advisory services, equity Paul H. Carleton, managing Paul H. Carleton, managing 1801 E. Ninth St., Suite 1425, Cleveland 44114 2001 4 Cleveland and debt capital raising, valuation and fairness partner; Christopher J. partner; Christopher J. McKenna, (216) 523-1962/www.carletonmckenna.com opinions McKenna, managing director managing director CastleOak Securities LP Sales and trading, capital markets and financial 1707 Terminal Tower, 50 Public Square, Cleveland 44113 2006 3 New York, NY advisory services; primary and secondary market NA Cathy Bell (212) 610-2413/www.castleoaklp.com transactions; mergers, acquisitions Chautauqua Consulting 8365 King Memorial Road, Kirtland Hills 44060 2010 4 Kirtland Hills Manufacturing, distribution, service, sale-leasebacks, Rick Sippola Rick Sippola (440) 520-5864/www.chtaqua.com real estate, truck equipment president president Cohen Capital Advisors(2) M&A advisory services - manufacturing, electrical James Lisy 1350 Euclid Ave., Suite 800, Cleveland 44115 2004 4 Cleveland equipment, telecommunications, metals, business NA Mike Boeckman (216) 774-1100/www.cohenca.com services, health care managing directors EdgePoint Capital Advisors Thomas Zucker, president; Dan 3700 Park East Drive, Beachwood 44122 2000 8 Beachwood Manufacturing, distribution, technology, chemicals, Weinmann, John Herubin, Russ Thomas Zucker (216) 831-2430/www.edgepoint.com transportation, industrial products, health care Warren, sr. vice presidents president Evarts Capital LLC Merger and acquisition advisory services, sell-side and G. William Evarts G. William Evarts 20600 Chagrin Boulevard, Suite 495, Cleveland 44122 1975 3 Shaker Heights buy-side transaction advisory services, capital Todd Peter Todd Peter (216) 991-1201/www.evartscapital.com placement and financial restructurings managing partners managing partners Harris Williams & Co. Sell-side and acquisition advisory, restructuring Geoffrey Frankel, managing William P. Watkins, managing 1900 E. Ninth St., 20th floor, Cleveland 44114 1991 5 Richmond, Va. advisory, board advisory, private placements and director, head of restructuring director, head of business (216) 689-2400/www.harriswilliams.com capital markets advisory services advisory services development Holmes Hollister & Co. John B. Hollister III 1111 Superior Ave. E., Suite 1400, Cleveland 44114 2000 3 Cleveland General industrial, transportation, specialty materials, Douglas Q. Holmes John B. Hollister III (216) 937-2320/NA Internet, for-profit education partners partner KeyBanc Capital Markets 127 Public Square, Cleveland 44114 Consumer, energy, financial sponsors, industrial, real Randy Paine, exec. vp, head of (216) 689-3000/www.key.com/html/keybanc-capital- NA 70 Cleveland estate NA corporate and investment markets.html banking; Doug Preiser, COO Laux & Co. Middle-market investment banking firm, merger and 672 W. Liberty St., Medina 44256 1994 2 Medina acquisition advisory, recapitalizations, financial William J. Laux William J. Laux (330) 721-0100/www.lauxco.com restructurings, turnarounds president president League Park Advisors Sean Dorsey Sean Dorsey 25101 Chagrin Blvd., Suite 210 , Cleveland 44122 2010 11 Cleveland Mergers and acquisitions, refinancing, capital raising, founder, founder, (216) 455-9985/www.leaguepark.com strategic advisory managing director managing director MelCap Partners LLC Middle-market investment banking firm focusing on Albert D. Melchiorre, president; 1684 Medina Road, Suite 102, Medina 44256 2000 5 Medina M&A advisory, private placement of debt and equity Sean T. Demlow, senior vice Albert D. Melchiorre (330) 239-1990/www.melcap.co capital, and general advisory services president president Merkel & Associates Inc. 29325 Chagrin Blvd., Suite 101, Pepper Pike 44122 1986 3 Pepper Pike Manufacturing, distribution, business services NA Nicholas B. Merkel (216) 831-1440/www.merkelandassociates.com president

ParaCap Group LLC Will Areklett, Jeff Boyle, Charlie Will Areklett, Jeff Boyle, Charlie Insurance, financial institutions, waste management, Crowley, Mike Voinovich, Jason Crowley, Mike Voinovich, Jason 6150 Parkland Blvd., Suite 250, Mayfield Heights 44124 2006 8 Cleveland industrial, mezzanine investing Wolfe, Wolfe, (440) 869-2100/www.paracapgroup.com managing directors managing directors Red Hawk Associates Ltd. Mergers and acquisitions, corporate finance, David Brown David Brown 30539 Pinetree Road, Suite 228, Pepper Pike 44124 1998 3 Pepper Pike managing director (216) 464-8714/www.redhawkassociates.com restructuring and turnarounds managing director Vetus Partners Distribution and logistics, engineered products, Jay K. Greyson Jay K. Greyson 1300 E. Ninth St., Suite 600, Cleveland 44114 2006 6 Cleveland automation, controls and electrical products, specialty managing director, managing director, (216) 333-1840/www.vetuspartners.com materials, corporate carve-outs and divestitures principal principal Western Reserve Partners LLC Mergers & acquisitions, capital raising, real estate, 200 Public Square, Suite 3750, Cleveland 44114 2004 23 Cleveland restructuring and bankruptcy, financial opinions and NA Ralph M. Della Ratta (216) 589-0900/www.wesrespartners.com valuation services managing partner Source: Information is supplied by the companies unless footnoted. Crain's Cleveland Business does not independently verify the information and there is no guarantee these RESEARCHED BY Deborah W. Hillyer listings are complete or accurate. We welcome all responses to our lists and will include omitted information or clarifications in coming issues. Individual lists and The Book of Lists are available to purchase at www.crainscleveland.com. (1) Numbers as of Jan. 1, 2012. (2) Formerly Raintree Capital Partners.

44 rooms in nearly 35,000 square feet. Rehabilitation Institute, which moved Rehab: Services bolster hospitals’ bottom lines “This is a service that Metro- to renovated space in Cuyahoga Health intends to invest in and grow Falls in late 2009, as one of its hall- continued from PAGE 3 opened on the Akron City Hospital The MetroHealth System currently because we feel we are the best at it mark programs. Without sharing when the unit downtown is com- campus this year. has a 35-room unit devoted to inpa- in the community,” said Sherry specifics, Kim Strubel, vice president pletely full, and these patients may “We economize when we work tient rehab in about 31,500 square Aronson, the system’s vice presi- at the institute, said Edwin Shaw’s go to other rehab providers.” Mr. together,” said Cheryl Henthorn, feet at its main campus off West 25th dent of inpatient operations. contribution to the health system’s financial health was “substantial.” Tait said. “We felt it was time to add CEO of the new 60-bed Summa Street in Cleveland. While the space Avoiding a trapdoor rehab capacity for potential growth Rehab Hospital. “We gain that is embedded in MetroHealth’s main The Clinic’s Dr. Frost noted that a in rehab services.” immediate level of expertise, and hospital, Dr. James Begley, the sys- Rehab space, in general, always robust rehabilitation program could University Hospitals is partnering there are efficiencies in moving the tem’s director for inpatient rehabil- has been a revenue generator, said offset costly readmissions. For one, with Nashville-based Centerre Health- project forward.” itation, said MetroHealth has been Dr. Frederick Frost, executive director the federal government has threat- care Corp., which will own a majority Also, freestanding facilities carry able to maintain the “character of a of rehabilitation and sports therapy ened to siphon Medicare dollars stake in the new venture. more cachet than a traditional rehab freestanding hospital” because of at the Cleveland Clinic. While it isn’t from institutions with high read- unit embedded in a hospital. its exhaustive roster of services. a huge moneymaker at the Clinic, mission rates for patients with cer- Summa favors freestanding “When you move to a freestanding Still, MetroHealth soon will move Dr. Frost said rehabilitation is “not tain chronic conditions. Summa Health System in Akron facility, you provide a service that is its entire inpatient rehab department a drain on a hospital system but “We are attacking that trapdoor took a similar approach when it recognized in the community,” to its Old Brooklyn campus, the site positively contributes to the finances and we can’t ensure good quality partnered with Pennsylvania-based Centerre CEO Pat Foster said. “You of the old Deaconess Hospital on regardless of setting.” outcomes unless we have some in- Vibra Healthcare on a $25 million attract patients from various settings, Pearl Road. The move will expand By contrast, Akron General Health fluence over the post acute-space,” acute rehabilitation hospital that not just within walls of the hospital.” the system’s inpatient rehab unit to System has touted its Edwin Shaw he said. ■ 20120305-NEWS--20-NAT-CCI-CL_-- 3/2/2012 12:04 PM Page 1

20 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MARCH 5 - 11, 2012

Contact: Toni Coleman Copy Deadline: Wednesdays @ 2:00 p.m. Phone: (216) 522-1383 All Ads Pre-Paid: Check or Credit Card Fax: (216) 694-4264 E-mail: [email protected] REAL ESTATE AUCTIONS

REAL ESTATE AUCTION / MARCH 29 REAL ESTATE AUCTION / MARCH 29 4 MOBILE HOME PARKS IN NE OHIO OUT-OF-STATE OWNER Trumbull County Court of Common Pleas Orders the ORDERS IMMEDIATE SALE Immediate Sale Pursuant to Case No. 2010CV03145 DEACONESS STRATEGIC RETAIL OUT-PARCELS PROFESSIONAL CENTER ALL MOBILE HOME PARKS TO BE OFFERED OFFICE BUILDING REGARDLESS OF PRICE BY COURT ORDER! Elyria, OH 1 Parcel next to Midway Mall • 11.4 Acres OFFERED WITH A PUBLISHED RESERVE PRICE OF $52,500/ACRE WITH BIDDING TO COMMENCE AT $27,500/ACRE OFFERED ABSOLUTE, REGARDLESS OF PRICE 4269 Pearl Rd., Cleveland, OH Vintage Village Country Squire State Line 44109 - Four-story medical/ofﬁce Butler Mobile City building consisting of 41,153 SF on Middlefield, OH 3 Parcels next to Walmart, off Rt. 87 Mobile Home Park Mobile Home Park Mobile Home Park approx 0.6 Acres. Built in 1983 of 1.6 Acres, 1.3 Acres, and 1.8 Acres steel-frame and concrete construction 6622 Belmont Ave. 29549 SR 62 (Salem-Alliance 6 Knox School Rd. 6633 McCartney Rd. with brick exterior. Currently 27% OFFERED WITH PUBLISHED RESERVE PRICES STARTING AT $50,000/ACRE Girard, OH - Tumbull Co. Rd) Salem, OH Columbiana Co. Knox, OH - Columbiana Co. Lowellville, OH - Mahoning occupied with $174,227 in annual 227 Pads on 46 acres. Currently - 95 Pads on 16 acres. Currently 66 Pads on 12.5 acres. Currently Co.- 88 Pads on 11.5 acres. rent. Incredible upside potential! WITH BIDDING TO COMMENCE AT $27,500/ACRE 52% occupied with Gross 50% occupied with Gross 58% occupied with Gross Currently 32% occupied with On-Site Inspections: Annual Income of $383,423. Annual Income of $136,887. Annual Income of $114,447. Gross Annual Income of Thursdays, March 8, 15, & 22 Current NOI: $103,574 Current NOI: $55,802 Current NOI: $26,342 $80,510. Current NOI: $18,316 from 1:00P.M. to 3:00P.M.

SUGG OPENING BID: SUGG OPENING BID: SUGG OPENING BID: SUGG OPENING BID: SUGG OPENING BID: Cleveland, OH Broadway & E. 65th St. $100,000 $50,000 $20,000 $20,000 $75,000 2 Parcels next to Walgreens • 0.49 Acres and 0.31 Acres STRATEGIC LAND DEVELOPMENT SITES OFFERED WITH PUBLISHED RESERVE PRICES STARTING AT $50,000/ACRE WITH BIDDING TO COMMENCE AT $27,500/ACRE Twinsburg, OH Broadview Heights, OH 54.25 Acres on Rt 91 (Darrow Rd), with visibility from I-480. Just south of 6250 Broadview Rd. 4.73 Acres on the SE side of Broadview Rd. near SR-82. New Cleveland Clinic Hospital and GE plant. Surrounded by quality ofﬁce & Less than 1-mile west of I-77/SR-82 interchange (location of new major retail industrial buildings with potential for showroom or service uses on the Rt. 91 development). Immediately North of Broadview Hts City Complex & Recreation Ashland, OH • frontage. Currently zoned R-2 with opportunity to Re-Zone to I-2. Center at intersection of Broadview Rd and SR-82. Zoned C-4. 1 Parcel next to Home Depot 1.5 Acres OFFERED ABSOLUTE, REGARDLESS OF PRICE! OFFERED WITH A PUBLISHED RESERVE OF $325,000 OFFERED WITH A PUBLISHED RESERVE PRICE OF $60,444/ACRE WITH BIDDING TO COMMENCE AT $225,000 SUGGESTED OPENING BID: $10,000 WITH BIDDING TO COMMENCE AT $30,000/ACRE Off-Site Due Diligence Seminar: Tuesday, March 20th, 2:00P.M. to 4:00P.M. Chartwell Group Headquarters, 1301 E. 9th St., #2210, Cleveland, OH 44114 For Additional Information, Brochure and Terms of Sale, For Additional Information, Brochure and Terms of Sale, Call Mac Biggar at 216-360-0009 Call Mark Abood, OH RE Salesperson, 216-360-0009 CHARTWELL GROUP, LLC / Gordon Greene, OH R.E. 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Turnkey operations The Village of Newburgh Heights is accepting sealed bids for the sale of news across Northeast Ohio, producing a weekly, four-color include the purchase and installation of computer systems, training newspaper as well as a robust website, broad collection of Permanent Parcel Number 511-14-001. Bids should be submitted in writ- and support designed to automate patient accounting functions. ing, sealed and mailed via certified mail or hand delivered to Newburgh targeted e-newsletters and prestigious business networking Provide consultation in the areas of automation, productivity and events. Must be a team player and strategic thinker, as well as Heights Village Hall, 4000 Washington Park Boulevard, Newburgh billing operations. Business is strong with high profit margins and a hands-on developer and content producer who will lead in the Heights, OH 44105. No bid will be accepted after 4pm on Friday, March large client base. 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MARCH 5 - 11, 2012 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 21

of its central location, Excellence BRIGHT SPOTS Industries said. Osborne: Natural gas price “The new facility allows us to Bright Spots is a periodic feature in loans to women-owned businesses, provide substantial freight savings to Crain’s highlighting positive business and it did it three months ahead of our national customers and drasti- drop damages properties developments in Northeast Ohio. To target. cally reduce lead time for deliveries submit information, email Scott Suttell The intent was to make the $3 to the Northeast and Midwest,” said continued from PAGE 1 that, without Mr. Calabrese’s at [email protected] billion in loans by April 2012; Key Dell Dahl, the company’s president, million from RBS Citizens N.A., approval, Mr. Osborne transferred said it reached that level by the end in a statement. “It’s a huge advantage better known locally as Charter One to himself one of five vacant parcels ■ Corporate law firm Brennan, of December 2011. The loans went for us to ship from four different Bank. The bank maintains the loans the two men owned jointly in Madison Manna & Diamond plans to open to businesses of all sizes, though facilities strategically spread across are in default, though Mr. Osborne’s Township. an office in Shanghai in April — the many of them are small firms. the country. It also optimizes our lawyers dispute the claim. Mr. Osborne last Nov. 22 sued Akron-based firm’s fourth location “Through our Key4Women pro- inbound containers being shipped With many individuals and Mr. Calabrese in Cuyahoga County and first beyond U.S. borders. gram, we deliver on our commit- from around the globe.” companies rushing to develop shale Court of Common Pleas for allegedly John Tang, a Shanghai ment to women-owned businesses,” resources in Ohio through horizontal violating his fiduciary duty and native who has worked in said Maria Coyne, a Key executive ■ Fast casual Asian restaurant drilling, Mr. Osborne’s gas experi- breaking a contract over a large the firm’s Akron location vice president and founder of chain Mama Fu’s of Austin, Texas, ence offers a cautionary tale. piece of land at 27981 Euclid Ave. since 2007, will lead the Key4Women, a program that provides said it has signed a three-store devel- In a Bankruptcy Court filing for the in Euclid. new office as managing women in business access to capital, opment agreement in Northeast cases, Donald Whiteman, the con- In court filings, attorneys for Mr. partner. customized financial products, and Ohio. troller for Oz and Great Lakes Explo- Osborne claim Mr. Calabrese dam- Veronica Jiajia Xu, an educational and networking oppor- “It’s an exciting time for Mama ration, said the debtors’ financial aged the value of the parcel by in- associate at the firm, will work tunities. Fu’s as we continue to build on the difficulties “are the direct result of cluding an $840,000 loan on the with Mr. Tang on litigation and “They’re helping to drive eco- success of the brand and increase the drop in the price of natural gas. property in a separate, $15 million corporate matters that arise in China nomic growth; they’re investing in momentum towards our national “In 2007 and 2008, the price of loan he had obtained on multiple in addition to taking over his role in their companies and their employees,” expansion goals which include natural gas was approximately $11 properties. the business, corporate and litiga- she said. entering into strong, new markets to $12” per thousand cubic feet, Mr. Mr. Calabrese said last Wednesday tion practice groups in Akron. Key last fall committed to lending like Cleveland,” said Randy Murphy, Whiteman wrote. “In 2009, the price that Mr. Osborne had agreed to the “We’re all aware of China’s role $5 billion overall to small businesses president and CEO of Mama Fu’s. dropped dramatically to approxi- move because Mr. Calabrese was in the global marketplace, and we in the next three years. The deal is with Shaw Concepts mately $8 per MCF. The price of able to renew the smaller loan, felt we could not service our clients LLC, led by husband-and-wife busi- natural gas has since further declined which was expiring soon, and trim correctly without a presence in that ■ Excellence Industries of Tampa, ness and franchise partners, Mark and the average price (is) currently its interest rate by packaging it with market,” said Anthony Manna, the Fla., which provides commercial and Lisa Shaw. Mama Fu’s said Mr. in the range of $4 to $3.20 per MCF.” other properties. firm’s founding member and chair- refrigeration services for the food and Mrs. Shaw successfully have The decline “has had a snowball Lawyers for Mr. Osborne also man, in a statement. “Shanghai is and food service industries, announced opened and operated two Melting effect on the companies and their make multiple references to Mr. the financial center for mainland that is has opened a 55,000-square Pot franchises in Michigan. ability to manage their respective Calabrese’s contact with executives China, and we will be based in the foot-warehouse in Brook Park. “The quick-service Asian market is debts,” he wrote. of Home Savings in a countersuit to center of the financial district.” The Brook Park warehouse, which rapidly catching fire, and there are a Falling natural gas prices put the the foreclosure Home Savings filed Mr. Tang said he will “facilitate became operational in January, lifts growing number of chains currently companies in noncompliance with last summer on a nearly $7 million cross-border transactions, guide the company’s total warehousing carving out a new fast casual Asian a provision of the RBS loans that the loan related to 300 acres the men and protect my clients’ U.S. invest- capacity to more than 200,000 niche,” Mark Shaw said in a state- loans not exceed 60% of the value of own on the Willoughby-Mentor ments in China and bring Chinese square feet nationwide. In addition ment. “We couldn’t be more excited the companies’ natural gas reserves. border. investments to Northeast Ohio.” to Cleveland, Excellence Industries about bringing the concept to Cleve- Although the companies tried to They were unable to develop the has operations in Florida, Tennessee land.” secure bank approval to reorganize property because the U.S. Army ■ KeyBank said it has reached a and Nevada. Locations should be announced and refinance, RBS last Oct. 3 sued Corps of Engineers decided more than goal set in 2009 to make $3 billion in Brook Park was selected because later this year. to foreclose. The suit was filed in 30% of the acreage was wetlands. U.S. District Court in Cleveland. Mr. Osborne’s lawyers say in court Mr. Whiteman said in a court filings that Mr. Calabrese fomented filing that the companies could the foreclosure on Mr. Osborne operate profitably at lower natural thanks to Mr. Calabrese’s relation- gas prices if it weren’t for the RBS ship with Home Savings executives; loans because they have slashed the lawyers say that relationship expenses, may sell some equipment also kept Mr. Calabrese from being and may provide drilling services to named a party to the foreclosure. other companies in the region. The bankruptcy proceedings are The best defense … far from the only legal matters In their countersuit against Home demanding Mr. Osborne’s attention. Savings, Mr. Osborne’s lawyers In January, Mr. Osborne sued maintain the borrower was treated Home Savings and Loan Co. of unfairly. They said Mr. Osborne was Youngstown over a foreclosure current on payments and had been proceeding initiated by the bank. in negotiations to renew the loan up The foreclosure was related to a $4 to the time Home Savings fore- million loan secured by Great Lakes closed. Shopping Center, a small strip The Osborne side also maintains center in Mentor owned by one of Home Savings was trying to get the Mr. Osborne’s companies. loan off its books to satisfy a cease- Also, a total of $5 million in and-desist order from the judgments against several of Mr. Office of Thrift Supervision to reduce Osborne’s real estate partnerships, its real estate exposure. Mr. Osborne himself and the Richard Home Savings has not filed an M. Osborne Trust have been answer to Mr. Osborne’s Lake County recorded in both Lake County and countersuit. Jude Nohra, Home Cuyahoga County courts by Citizens Savings’ general counsel, declined Bank and First Federal of Lakewood comment. as they have sought to recoup loans Mr. Calabrese said the charges by owed them. Mr. Osborne against Mr. Calabrese and Home Savings amount to Between friends “Richard being Richard and filing Mr. Osborne and his friend suits against a lot of people.” Steven Calabrese — owner of the Through all the proceedings, Mr. CRM Real Estate Services appraisal Osborne is taking the tack that a services firm and a real estate owner good offense is the best defense. and developer in his own right — That strategy already may have netted also are suing each other over dis- him some positive results. putes related to two different joint Mr. Osborne and one of his real estate ventures. real estate partnerships, Heisley- Mr. Calabrese said in a phone Hopkins Inc., sued PNC Bank Jan. interview last Wednesday, Feb. 29, 26 in Lake County for damages from that Mr. Osborne “is not paying on PNC’s allegedly last-minute decision a lot of things, including some not to renew a $3 million loan that things that we have been involved in came due last Dec. 1. for many, many years. I have taken PNC lawyers Feb. 3 moved the Volume 33, Number 10 Crain’s Cleveland Business (ISSN 0197-2375) is published weekly, except for combined issues on the fourth week of May and fifth week of action to clarify things for my inter- case to U.S. District Court in Cleve- May, the fourth week of June and first week of July, the third week of December and fourth week of December at 700 West St. Clair Ave., Suite 310, Cleveland, OH ests and other investors.” land from Lake County court in 44113-1230. Copyright © 2012 by Crain Communications Inc. Periodicals postage paid at Cleveland, Ohio, and at additional mailing offices. Price per copy: $2.00. In a case filed last October in Lake Painesville. Court records show the POSTMASTER: Send address changes to Crain’s Cleveland Business, Circulation Department, 1155 Gratiot Avenue, Detroit, Michigan 48207-2912. 1-877-824- 9373. County Court of Common Pleas, parties reached an out-of-court set- Mr. Calabrese’s lawyers maintain tlement Feb. 15. ■ REPRINT INFORMATION: 800-290-5460 Ext. 136 20120305-NEWS--22-NAT-CCI-CL_-- 3/2/2012 3:49 PM Page 1

22 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM MARCH 5 - 11, 2012 THEINSIDER REPORTERS’ NOTEBOOK THEWEEK BEHIND THE NEWS WITH CRAIN’S WRITERS Another nail in the notices involved, said Dennis R. Hetzel, the long-term brain health of professional fighters. FEBRUARY 27 - MARCH 4 association’s executive director. In 2009, President Obama visited the newspaper coffin Revenues from public postings are a fairly Cleveland Clinic’s main campus in Cleve- small percentage of the Record-Courier’s land to showcase the health system as a The big story: University Hospitals officially ■ A website launched by the state has news- overall advertising revenue, but still are model for health care delivery in the future. launched a $250 million effort aimed at bolstering paper executives expecting another blow to important, Mr. Dix said. — Timothy Magaw the development of new drugs. Anchored by a revenues. Newspapers are an important, $50 million donation — the largest in the health The site, which went fully independent vehicle for deliv- system’s nearly 150-year history — from local functional Feb. 3, enables the ering public notices, Mr. Dix said. One strike and philanthropist Ron Harrington and his family, free posting of government He compared government enti- the initiative’s structure is expected to help entre- you’re out public notices. Its development was ties posting public notices on a preneurial physicians advance their discoveries ■ motivated by local governments government website to “kind of Let’s hope the Cleveland Indians don’t to clinical trials, rather than let the ideas founder and schools asking for relief from like the fox guarding the henhouse follow Jeff Stocker’s lead this season. in their early stages due to a lack of money. the cost of publishing public here.” — Michelle Park Mr. Stocker, an Indians season-ticket notices, state officials said. account executive and the team’s represen- Committed to Canton area: Timken Co. Andrew R. Dix, president of the Internet tative on MLB Network’s “Baseball IQ” trivia will invest $42 million to build a two-story office division of Dix Communications, called the show, bowed out in the first round of the complex connected to its global technology A presidential anticipated impact to revenues another bracketed tournament, to Craig Nordquist center near Akron-Canton Airport. The Canton- concerning challenge. Dix Communications endorsement of the Minnesota Twins. based maker of bearings and steel said the publishes several newspapers in Ohio, ■ Once again, President Barack Obama is Answering list-based 160,000-square-foot building will bring together including The Record-Courier in Ravenna. giving the Cleveland Clinic high marks. questions — i.e., name personnel from its Bearings and Power Trans- “The newspaper industry has been under During a gala late last month honoring the men who have mission headquarters, now located in leased duress now for a number of years,” Mr. Dix the 70th birthday of Muhammad Ali, Presi- managed the California/ offices in downtown Canton, with their colleagues said, citing the economy and the digital dent Obama used a short, pre-taped Anaheim Angels — the at the technology center. Construction will begin evolution. “This is another area that doesn’t message to laud the famed boxer — and the duo went deep on a cou- as early as April to accommodate a combined help us out.” Northeast Ohio health care juggernaut — ple questions, but Mr. team of nearly 1,000 employees. Public notices that only are required to be for inspiring so many during his fight Nordquist “was just one Muscling up: Busy Cleveland private equity published once are not affected. However, against Parkinson’s disease. answer ahead of me for Stocker firm The Riverside Co. bought Beachwood- Ohio entities may reduce their costs with “Now it’s helped you’ve had some incred- most of the game,” Mr. based BrandMuscle Inc., a marketing technology notices that must be posted more than ible folks in your corner,” President Obama Stocker said. specialist. BrandMuscle, founded in 2000, employs once, as the subsequent notices may be said in the short message. “That’s why we’re Mr. Stocker said he did little promotion 154 locally, according to Crain’s research. River- summarized and refer people to the new also celebrating the men and women of the of his appearance after his loss, but said he side will add BrandMuscle to its Centiv Services website. Cleveland Clinic. The work you’re doing is felt better after watching other contestants platform, which develops and executes localized The impact will vary a lot, but the Ohio critical, and your country needs you.” and felt he could have advanced with a marketing campaigns. Newspaper Association’s rough estimate is The gala raised funds for the Cleveland different early matchup. The show, filmed in that a newspaper could experience a Clinic’s Lou Ruvo Center for Brain Health in Secaucus, N.J., also allowed Mr. Stocker — a An eye to buy: Cleveland Clinic president revenue decline of 20% to 40% in public Las Vegas, which saw a lofty 76% increase Canton native and North Canton resident — and CEO Delos “Toby” Cosgrove told employees notices, depending on what government in patient visits in 2011. Also, the center the opportunity to see New York City for the that the health system’s financials have “never advertisers decide to do and the types of recently launched a study examining the first time. — Joel Hammond been stronger,” but the organization must look seriously at acquiring other health care institutions if it plans to grow. “We’ve had a number of people from around the country approach us WHAT’S NEW BEST OF THE BLOGS about some sort of merger and acquisition,” Dr. Cosgrove said at his annual “State of the Clinic” Excerpts from recent blog entries on taught, Justice Scalia “urged the future address. The system’s operating revenue for 2011 CrainsCleveland.com. lawyers to look to join firms with a more hovered at about $6.2 billion, but Dr. Cosgrove relaxed attitude, especially those in out of said a number of efforts to increase revenue in State of the unions the way locales,” according to The Washington recent years haven’t added a “great deal” to its is in decline in Ohio Post. revenue stream. Justice Scalia had this to say: “Try to find ■ Unions draw a lot of attention in political a practice that enables you to maintain a Ready to boogie: Kent Displays plans to campaigns, but in Ohio, their membership human existence, time for your family, your install a second roll-to-roll production line at ranks continue to decline. church or synagogue, community … Boy its company headquarters in Ohio in 2011 had 647,000 residents who Scouts, Little League.” Kent. The company said the new were members of unions, down 1.2% from He went on to note that he began his production line will manufacture COMPANY: Vendors Exchange 655,000 in 2010, according to a career at Jones Day in Cleveland, where he flexible Reflex No Power LCDs International Inc., Cleveland Dayton Daily News story based worked from 1961 to 1967. “You should look used in the popular Boogie Board on data from the U.S. Bureau for a place like that. I’m sure they’re still out e-writers sold by Improv Elec- PRODUCT: MIND (Make Informed of Labor Statistics. Union mem- there. Maybe you have to go to Cleveland.” tronics, the consumer products Nutritional Decisions) touch screen bers “accounted for 13.4% of the Or California, where his son joined a subsidiary of Kent Displays. state’s work force in 2011, down firm. “Any big firm has the basic ethos When the new line is fully oper- You can snack a little healthier if you just from 13.7% in 2010 and 14.2% in of its head office and if the ational in the second half of put your MIND to it. 2009,” the newspaper reported. A head office is in La La land, 2012, it will triple the company’s Vendors Exchange International has intro- decade ago, 17.6% of Ohio workers it’s gonna be a little laid production capacity for flexible Reflex LCDs. duced an improved version of the Display were in unions. back,” Justice Scalia said. Builder software that it says makes the MIND The meaning of these numbers depends Crack problem: The FirstEnergy Nuclear touch screen easier to program and provides to some extent on your political orientation. Cleveland film festival Operating Co. unit of FirstEnergy Corp. blamed a more engaging interactive experience for Kevin Holtsberry, president of the keeps it short and sweet the absence of an exterior weatherproofing coating the user. conservative Buckeye Institute for Public for cracks in the Shield Building of its Davis- The touch screen offers nutrition information Policy Solutions, told the newspaper that ■ Influential film website Indiewire heaped Besse Nuclear Power Plant near Toledo. A 119-page on vending machine products in hospitals, the decrease in union membership shows praise on the coming Cleveland Interna- report indicates that the absence of a weather- universities, and other health-conscious loca- the modern economy requires higher skill tional Film Festival, highlighting in particular proof coating on the Shield Building allowed tions before a selection has been made by sets and education levels, and unions pro- the festival’s lineup of short films. moisture associated with the blizzard of January the consumer. vide “an outmoded, inflexible system” that “Among their selections are some of my 1978 to migrate into the concrete, freeze and Vendors Exchange International says the arose during a different work landscape. favourite short films from this and last year expand, causing subsurface cracks in portions of software works with the website Nutritional Union supporters, though, say the declines — including a film which I predict will (or at the building. Database.org, where screen shots for vending “simply show that employers are choosing least should) be nominated for Best Live products are stored on a secure database. to outsource high-paying jobs to cut labor Action Short Film at next year’s Academy Tech wizards: OverDrive Inc. in Valley View In addition, the software for the MIND costs and maximize profits,” according to Awards: ‘Curfew,’” wrote blogger Brad Horvath. will use the magic of digital technology to bring touch screen now can show more than just the Daily News. The post included links to clips from many Harry Potter to a new generation of library nutrition information. For instance, vending of the best shorts at Cleveland’s festival. readers. Pottermore, the London website that is operators can use it to add slide shows, adver- Justice Scalia fondly Mr. Horvath concluded by writing that the home of J.K. Rowling’s “Harry Potter” e-books tising, promotions and public service announce- recalls his Cleveland days the festival, which runs March 22 to April 1, in partnership with Sony, entered into an exclu- ments such as tips for healthy eating. The “is one of my favorite film festivals in the sive worldwide e-book and digital audiobook flexibility of the MIND touch screen “has ■ He has a job for life, but if Antonin Scalia U.S. I had the privilege of attending as a distribution agreement with OverDrive. The improved to benefit the operator and the con- is looking for a post-Supreme Court career, member of their documentary jury a few seven books in the “Harry Potter” series will be sumer,” Vendors Exchange International says. maybe Cleveland can enlist him as a pitch- years ago and … was struck by the festival’s available in digital formats for the first time for To find out more about the touch screen, man. impeccable programming and by their lending from public and school libraries. visit the company’s website at www.veii.com. Speaking to law students recently at the lovely, committed and enthusiastic audi- University of Chicago, where he once ences.” 20120305-NEWS--23-NAT-CCI-CL_-- 3/2/2012 2:59 PM Page 1 20120305-NEWS--24-NAT-CCI-CL_-- 3/2/2012 3:07 PM Page 1