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0 71486 01032 6 50 www.crainscleveland.com LATE closer toClevelandnextyear. also saidhehopestobuyastation Christian programmingformat.He and willconvertthestationtoa Plus, saidhe’sadevoutCatholic John MarraJr.,presidentofCause is expectedwithintwomonths. tions Commissionapproval,which is subjecttoFederalCommunica- sale ofthe5,000-wattoldiesstation from DevelopingRadioLLC.The 1360, inConneautfor$200,000 business bybuyingWWOW-AM, cell research,isenteringtheradio raise moneytosupportadultstem Gates Mills,whichsellsproductsto City vicepresidentofoperations. parking, saidBrianCappelli,Tower land onthe3.4-acresiteforadded to rentthemandmayuseopen for thebuildingsbeyondcontinuing company hasnoimmediateplans corner totheamphitheater.The Stones Levee,whichiscatty- three warehousesat410-607 developer paid$2.18millionfor the Flats.Landrecordsshow near TowerCityAmphitheaterin of TowerCityCenterinanarea continues wideningitsreachsouth work” inmakingitsselections. numbers androutineoftheirdaily those whocanthinkbeyondthe section. Worthsaidit“searchedfor field’s taxandwealthmanagement , ischairofWalter&Haver- list andtheonlyfromNortheast one oftwoOhioattorneysonthe Attorneys” list.Mr.Zwick,whois magazine aspartofits“100Top second yearinarowbyWorth LLP, hasbeenselectedforthe land lawfirmWalter&Haverfield interview priortodeliveringthe33 Western ReserveUniversity.Inan head SchoolofBusinessatCase banking andfinanceattheWeather- Thomas, aseniorlecturerin to aneconomicforecastbySam decent shapefor2007,according rise, buttheeconomywillremainin will slowandunemployment ■ TOWER HOLDINGS CITY ADDSTOFOREST CITY Suttell Scott — 4.9% from4.7%thisyear. projects unemploymenttorise sion,” Mr.Thomassaid.Healso going tofeel,butit’snotareces- 2006. “That’sadecreasewe’re 2.4% for2007,downfrom3.2%in said heprojectsrealGDPgrowthof Forecast lastFriday,Mr.Thomas annual DavidA.BowersEconomic ■ DROP INGDPGROWTH CASE LECTURERSEES NEWSPAPER Stoessel Ann Amy — ■ PARTNER INTOP 100 WALTER &HAVERFIELD Suttell Scott — ■ CONNEAUT RADIOSTATION FUNDRAISING BIZBUYS — Cause PlusMarketingLLCof Forest CityEnterprisesInc. Gary A.Zwick,apartneratCleve- Gross domesticproductgrowth Stan Bullard Stan NEWS rd reduced production, lagginginventories force retailers topushotherproducts As astrikewearson,Goodyear’s D to beseen. ship withtireretailersandwholesalersisyet full effectofthestrikeonGoodyear’srelation- since thestrikebeganOct.5.Andhesaid declined about10%involumeeachweek rolling stockthatsupplieshistwostores. Cooper andToyo,foratleast90%ofthe different companytirebrands,suchas tires. However,Mr.Leipoldnowcountson almost exclusivelywithGoodyearbrand across thecountry. dozen GoodyearTireandRubberCo.plants labor strikethathasslowedproductionata dealers inthearea,hasbeentrippedupbya snow blanketedmuchofNortheastOhio. LWLEAK SLOW Mr. LeipoldsaidGoodyearshipmentshave Until afewweeksago,LeipoldTiredealt However, Mr.Leipold,likeothertire Story by DAVID BENNETT customer demandlastweekas trying tostayonestepaheadof Tire Co.ofCuyahogaFalls,was ennis Leipold,ownerofLeipold See TIRES SOKHT RSE ISNPOOILLUSTRATION PHOTO WILSON /KRISTEN ISTOCKPHOTO Page 21 PLUS: waiting tohappen Got ahobby?Ifso,it canbeaprofitable business SMALL BUSINESS SECTION SPECIAL ■ [email protected] RN OPENINGS GRAND Vol. 27,No.50/$1.50 ■ ■ ADVISER Page 11 [email protected] By STANBULLARD back-office jobs downtownmaybepermanent ‘Temporary hold’onuniversity’s relocation of of Hallespace for sublease Case seeksaid [email protected] By STANBULLARD Euclid site for retail center Visconsi explores 70-acre posed purchase. potential tenantsortermsofthepro- anchor retailers.” the temperatureofsome(potential) property forreuse(and)we’retaking thought itcouldbecomeanintriguing what thepropertycouldbecome.We for development.“Wedon’tknow Gary Stevens,Visconsivicepresident ping center. the homefora“super-regional”shop- massive formerfactorysiteinEuclidas based inPepperPike,isconsideringa said. Shedeclinedtoidentifythe direction itwillpursue,Ms.Chiu space andhasnotdecidedwhat options withrespecttotheHalle but neverhasoccupiedit. in thebuildingat1228EuclidAve. years agoleased120,000squarefeet director ofmediarelations.Casetwo Halle Building,saidLisaChiu,Case’s office spaceCasehasleasedatthe for howthey’dhandleasubleaseof als fromfourrealestatebrokerages campus todowntownCleveland. employees fromitsUniversityCircle long-stalled plantomoveabout300 preparing todroporscalebackits is takingastepthatsignalsitmaybe ■ Mr. Stevensdeclinedtoidentify “We’re inearlyduediligence,”said Visconsi Cos.,abigretaildeveloper The universityisreviewingits The universityhassoughtpropos- Case WesternReserveUniversity & MORE tion lastspringofDr.EdwardHundert deficits thathelpedleadtotheresigna- of largecurrentandprojectedbudget expense andjobcutsthisyearbecause from thelease. may belookingtoextricateitself the potentiallistingasasignCase asked nottobeidentified,alsosees is notinthehuntforassignment. said Mr.Roe,whonotedthathisfirm see howmuchtheycanunload,” space, orneedallofit,andwantto not comingdowntown.” search asanindication“thatthey’re realty services,saidheviewsthe land officeofStaubachCo.corporate engagement. brokerages Caseinvitedtovieforthe site, buthedeclinedtoidentifythe with prospectivebuyersfortheentire firmed hehasbeeninnegotiations Development vicepresident,con- construct industrialbuildings. companies thatmightwantto the marketabilityofparcelfor ball fields—wasintendedtoimprove a hulkingcomplexthesizeof11foot- the land. Industries Inc.—factorythatwason Chase Copper&Brass—laterPMX earlier thisyearrazedtheformer St. TheLouis-baseddeveloper owns the70-acresiteat1121E.260 GLOBAL AFFAIRS GLOBAL Case hasenduredaseriesof Another realestateinsider,who “It showstheydon’tneedthe Robert Roe,presidentoftheCleve- Scott Stubblefield,aCommercial Removing thelong-vacantplant— Commercial DevelopmentCorp. FAR-FLUNG NEEDSHELP ■ TRAVEL COMPANY by CrainCommunications Inc. BUSINESS CLIENTS’ Entire contents DECEMBER 11-17,2006 OVERCOME AE3 PAGE SEPT. 11TO See PROSPER. See © HALLE 2006 PMX Page 21 Page 4 th CCLB 12-11-06 A 2 CCLB 12/8/2006 4:45 PM Page 1

2 CRAIN’S BUSINESS WWW.CRAINSCLEVELAND.COM DECEMBER 11-17, 2006 COMING NEXT WEEK CRAIN’S ON THE WEB

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Professionals and educators in the field of information technology Health care data 700 W. St. Clair Ave., Suite 310, are joining forces to attract more women and girls to the growing ■ The 2006 Crain’s Health Care Directory is now Cleveland, OH 44113-1230 available for download in Excel spreadsheet Phone: (216) 522-1383 and ever-changing IT industry. “As you look at a more diverse Fax: (216) 694-4264 format. The directory, which includes listings of economy and diverse work force, I think you need the perspective www.crainscleveland.com more than 500 health care providers, fitness and of women in the workplace at all levels and in all industries, and wellness companies and other health-related Publisher/editorial director: the growth industries are going to be the technology industries,” organizations, costs $79. It can be accessed at Brian D. Tucker ([email protected]) www.CrainsCleveland.com/list. Editor: Mark Dodosh according to Dorothy C. Baunach, president and CEO of NorTech. ([email protected]) Managing editor: Scott Suttell Streaming news ([email protected]) REGULAR FEATURES ■ Get the Crain’s news ticker for your computer Sections editor: Amy Ann Stoessel desktop and keep up with breaking business and ([email protected]) Classified ...... 18-20 List: Banks ...... 17 Design editor: Kristen Miller industry-specific news as it’s posted — without ([email protected]) Editorial ...... 8 Personal View...... 8 opening your browser. To download the ticker, go Senior reporter: Stan Bullard Going Places ...... 10 Reporters’ Notebook....22 to www.CrainsCleveland.com/newsticker. ([email protected]) Reporters: Letter...... 9 Stocks...... 22 David Bennett ([email protected]) Shannon Mortland ([email protected]) Jay MIller ([email protected]) John Booth ([email protected]) Shawn A. Turner ([email protected]) Designer/reporter: Joel Hammond ([email protected]) Research editor: Deborah W. Hillyer ([email protected]) Cartoonist/illustrator: Rich Williams

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DECEMBER 11-17, 2006 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 3 Edward Howard undergoes brand makeover Public relations firm complements its physical move tive space with an open and contem- A new graphic symbol — a stylized porary feel.” lever and fulcrum — and the tagline with new image featuring changed logo, first tagline Edward Howard employs about “Leveraging the power of communi- 45 people in Cleveland, plus another cation” will accompany the stream- By JOHN BOOTH approach to marketing itself. dozen split evenly between offices in lined name. [email protected] With the lease ending this month Columbus and Dayton. “We’ve probably been working on on Edward Howard’s 15-year home An address-change card mailed this new identity change a good year, In every relocation, some things on the seventh floor of the IMG out last week hinted at the image year-and-a-half,” said executive vice get left behind, and some new stuff Building, the agency opted to move and branding changes: The familiar president and creative director Mark gets picked up along the way. east and south a few blocks, to the logo, which company leaders said Grieves. “The name of the firm and When public relations firm Edward 16th floor of 1100 Superior Ave. The evoked a “law firm” feel, and the the look has been this way for over Howard opens the doors of its new space itself won’t be much bigger, company’s former full name 80 years.” offices today, Dec. 11, it will be without said agency chairwoman and CEO nowhere to be found. The rebranding work was all the “and Co.” which has trailed its Kathy Obert, but it will have a very “There’s something that happens handled in-house. name since 1925, and without its different layout. in marketing from time to time “I really liked the creative tension familiar ornate typeset logo. Among “We have kind of an interesting where you really listen to your audi- we created over the year,” Mr. Grieves the things the firm is adding, along blend of needs,” Ms. Obert said. “On ence and what they like to call you,” said. “It was a lot of pushback, a lot of with a new address, is a branding the one hand, we need the privacy of said senior vice president Diana challenging each other, (saying), ‘Is PROVIDED makeover including its first graphic individual offices, and yet we need to Lueptow. “I remember when FedEx this really strategizing as opposed to The new (top) and old visual identities logo, its first tagline and a new have creative space and collabora- was called Federal Express.” just paper decoration?’” ■ of Edward Howard.

INSIGHT “Our biggest national competitors laid off thousands of people (after Sept. 11). Baumgartner trio’s jump We took a 20% pay cut, but we didn’t lay off a single person.” – Bob Sturm, president and CEO, Professional Travel Inc. to Brouse spawns Akron firm’s new Elyria office

By SHAWN A. TURNER The elder Baumgartner, who is 60 [email protected] years old and was with Baumgartner & O’Toole for nine years, said part of Akron-based law firm Brouse his move to Brouse was based on McDowell has added a Lorain County the firm’s work in health care and office — at the expense of the former nursing law — areas in which Mr. Baumgartner & O’Toole firm in Baumgartner also has experience. Sheffield Village. “The obvious fit was there,” he Brouse has landed Charles said. “Chuck” Baumgartner, the Baum- The Elyria office initially will be gartner in Baumgartner & O’Toole, staffed just by the three new attor- as well as two other attorneys from neys, said Brouse managing partner the firm — Mr. Baumgartner’s son, Jeffrey T. Heintz. Todd, and Stephen Bond. “It’s important for them to keep The additions have led Brouse to their feet on the ground where they open an office in Elyria at 1288 N. Abbe principally have been located,” Mr. Road, its first in Lorain County. It will Heintz said. be the third office for Brouse, which in Mr. Heintz said he was impressed addition to its Akron headquarters by the combined experience the maintains a Cleveland office at 1001 three hold. He specifically cited Mr. Lakeside Ave. See BROUSE Page 6 THE WEEK IN QUOTES JANINE BENTIVEGNA Professional Travel Inc. executive vice president Rob Turk (left) and president and CEO Bob Sturm have led the “Your recent 40 Under firm’s massive growth since Sept. 11, 2001, while competitors have floundered. “As long as it’s quality retail, good for the 40 list was truly city, we would pathetic. I would not TAKING A FLIGHT RISK welcome it.” follow half of these — Euclid Mayor Bill Cervenik. people into the Page One By adapting to the global business world, Professional Travel Inc. bathroom let alone a has weathered the post-Sept. 11 storm and nearly doubled sales realistic situation requiring leadership.” By JOHN BOOTH currency exchange, customized online booking — From a Letter to the Editor. [email protected] for its clients, and security-related services such Page 9 he travel industry may have taken a as passenger tracking and risk alerts.” beating in the wake of the Sept. 11 “Our biggest national competitors laid off “The hobby owner has “When considering a terrorist attacks, but five years later, thousands of people” after Sept. 11, said com- the capability of franchise, remember Professional Travel Inc. of North pany president and CEO Bob Sturm said. “We making sure the hobby that although the TOlmsted has fought back. took a 20% pay cut, but we didn’t lay off a single business will go before company has name person.” “We decided to take an aggressive approach ‘diving off the board’ ... recognition, a when nobody else was,” said executive vice Before Sept. 11, 2001, Mr. Turk said, Profes- sional Travel’s annual sales were roughly $100 There is (other) income franchise is a risk president Rob Turk. “From a growth perspec- coming in for most just like any other tive, we got very aggressive in our marketing million, and the company employed about 95 and sales efforts. workers. Sales for 2006 reached $188 million, hobbyists.” investment.” and the staff level is now around 200. Company — Ruth King, author of “The Ugly — Robin Griggs, vice president “The company’s counterstrike has resulted in Truth about Small Business” and and business banking credit an expansion of its services to include foreign See TRAVEL Page 6 founder of Internet broadcasting specialist, Huntington National channels, including Busi- Bank. Page 14 nessTVChannel.com. Page 11 CCLB 12-11-06 A 4 CCLB 12/8/2006 4:08 PM Page 1

4 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM DECEMBER 11-17, 2006 Halle: Hundert created downtown plan continued from PAGE 1 “It shows they don’t need the situation. as its president. The university’s plan the space, or need all of Mr. Roe estimates based on to move back-office employees down- prevailing downtown rents that the town was part of multiple town-and- it, and want to see how Halle lease could cost Case a total of gown initiatives by the Hundert much they can unload.” more than $14 million over 10 years, administration and was hailed in 2004 – Robert Roe, president, though the parties involved never as a boost for downtown’s office Cleveland office of Staubach Co. have disclosed the terms of their market and employment numbers. transaction. Case struck a deal that year for at vice president of office leasing, did not David Browning, managing director least three floors, and potentially return three calls about the lease by of the Cleveland office of CB Richard more, at the Halle Building, a former Crain’s deadline last Friday. Ellis, confirmed his company is pursu- department store that is owned Finding a tenant to sublease some ing the engagement. Mr. Browning by Forest City Enterprises Inc. or all of the Halle space would allow noted that now is a good time to offer However, Case never moved into the the university to reduce the burden the space because downtown tenants space. of a lease it no longer may want. have regained their appetite for more Since Case announced last Febru- Staubach’s Mr. Roe said a company office space. ary that its downtown move was on in such a position might see how Other large downtown brokerage “temporary hold,” Forest City has much space it can lease, then deter- firms that include Chartwell Group maintained it has a valid lease with the mine how much of the space it could and Colliers Ostendorf-Morris university. Pat Lott, Forest City senior use itself as a way to make the best of declined comment on whether they are vying for the work. Bob Nosal, managing director of the Cleveland office of Grubb & Ellis Co., did not return two calls before press time. ■ STUFF Backward Session Stakeholder in Beachwood plastics firm sees different course for future Lamson & Sessions Co. of Beachwood “is facing pressure from hedge fund Ramius Capital Group, which wants the manufac- tured plastics goods maker to sell one of three divisions,” according to a Reuters report on a regulatory filing made last Tuesday, Dec. 5. Ramius, a $7.4 billion fund group that holds a 5.9% stake in Lamson, said Lamson’s stock is “significantly undervalued,” according to a letter included in the filing with the U.S. Securities and Exchange Commis- sion. Lamson & Sessions shares closed at $22.30 on Dec. 4, the day before the filing. By midday last Friday, Dec. 8, the shares were trading near $25. Lamson’s shares are down from more than $32 in mid-February. To remedy what it sees as the lagging stock price, “Ramius said Lamson & Sessions should sell its ‘extremely volatile’ PVC Pipe busi- ness, which it valued at between $35 million and $70 million, and either put the proceeds into its other businesses or return it to shareholders,” Reuters reported. Our fl exible, convenient fl ight schedule. “Ramius noted that Lamson & Sessions recently increased the Just another reason business travelers love us. size of its credit facility to $300 million from $125 million and will seek shareholder approval to increase its share capital to 40 million from 20 million shares to 14-day Advance Purchase Last-minute Walkup Fares pursue acquisitions.” In the filing, Ramius stated, “We From Cleveland From Cleveland believe that the company’s current $118 strategy is somewhat backward. $59 to Baltimore/Washington (BWI) to Baltimore/Washington (BWI) Lamson & Sessions should not be $59 to (Midway) $109 to Chicago (Midway) making any acquisitions at this $71 $108 time.” Instead, the company should to Nashville to Nashville spend $60 million to $120 million Fares are one-way with a 14-day advance purchase and do not Fares are one-way and do not include a federal excise to repurchase its own stock, include a federal excise tax of up to $3.40 per takeoff and landing. tax of up to $3.40 per takeoff and landing. Ramius said.

Southwest Airlines has 18 daily fl ights to Baltimore/Washington (BWI), Volume 27, Number 50 Crain’s Cleveland Busi- Chicago (Midway), and Nashville for business. With our great low fares, high ness (ISSN 0197-2375) is published weekly at 700 West St. Clair Ave., Suite 310, Cleveland, OH 44113- frequency service, ontime fl ights, and friendly Customer Service, the next time you travel 1230. Copyright © 2006 by Crain Communications Inc. Periodicals postage paid at Cleveland, Ohio, and for business, fl y Southwest. The Offi cial Airline of Business. at additional mailing offices. Price per copy: $1.50. POSTMASTER: Send address changes to Crain’s Cleveland Business, Circulation Department, 1155 Fares do not include airport-assessed passenger facility charge (PFC) of up to $9 and a federal September 11th Security Fee of up to $5 one-way per person. Published service only. Seats limited Gratiot Avenue, Detroit, Michigan 48207-2912. on advance fares. 14-day advance fares: Tickets are nonrefundable but may be applied toward future travel on Southwest Airlines. Fares are subject to change until ticketed. Any change in itinerary (888)909-9111. may result in an increase in fare. Fares are combinable with other Southwest Airlines fares. If combining with other fares, the most restrictive fare’s rules apply. ©2006 Southwest Airlines Co. REPRINT INFORMATION: 800-290-5460 Ext. 180 CCLB 12-11-06 A 5 CCLB 12/7/2006 8:59 AM Page 1

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6 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM DECEMBER 11-17, 2006

Travel: Added services fuel growth

continued from PAGE 3 “Any corporation whose director at Hitachi Medical, said executives estimate that by the end Professional Travel once saved the of next year, Professional Travel will employees are out and Twinsburg firm big bucks on six trips employ 225 workers and reach sales about, the corporation to by digging up frequent-flier of $233 million. has the security of discount points that Hitachi Medical Despite the slippage in their knowing that their people had lost track of. industry and the economy in that are being advised.” “They did the research and they time frame, company executives say were proactive in coming to me and Elyria, Ohio they benefited from promoting – Bob Sturm, president and CEO, saying, ‘Did you know you have Professional Travel Inc. Professional Travel as firms such as these (points) out there?’” Ms. has been acquired by American Express were backing ees in the North Olmsted office. Demma said. “It’s things like that, away from the travel industry, and Six months ago, Professional Travel and things like making sure our trav- by clinging to the notion that the contracted with iJet Intelligent Risk elers get the best service and yet they business eventually would rebound Systems, a Maryland company that stay within our guidelines,” that out of sheer necessity. monitors global security risks and sit- make dealing with Professional “Business travel is a part of the uations and helps companies assist Travel pay off, she said. St. Paul, Minnesota framework of most business people’s clients in keeping track of travelers. Corporate travel management lives,” Mr. Turk said. “In a global For instance, if a company has a few also has evolved into far more than world, you have to travel.” dozen people abroad and an emer- just finding cheap tickets and hotel Besides its 75-employee headquar- gency unfolds, Professional Travel can rooms. It’s also about auditing The undersigned served as financial ters in North Olmsted, the company let that client know just where its companies’ practices, helping them advisor to Nylonge Corporation in connection has offices in Cleveland, Beachwood, travelers are and what the situation is, track their employees’ bookings, and Medina, Mentor, Wooster, Chicago, and also get in touch with the travelers compiling data not only to make with this transaction. Pittsburgh and Grand Rapids, Mich. It to keep them informed. sure things run efficiently, but also to also places in-house staff at the offices “Any corporation whose employees deal with the strict Sarbanes-Oxley of about 10 corporate clients, which are out and about, the corporation has accounting guidelines. BRUML CAPITAL CORPORATION include Hitachi Medical Systems the security of knowing their people “As the requirements of business Investment Bankers America in Twinsburg plus the Cleve- are being advised,” Mr. Sturm said. have become much more complex, land Indians and Cleveland Browns. Because one-quarter of its business the innovative solutions we offer In October, the company landed a involves international travel, the corporations have fueled our growth,” 1801 East Ninth Street, Cleveland, Ohio 44114 216/771-6660 $25 million deal with Infor Global company also took the step in 2002 of Mr. Turk said. “Companies enlist our www.brumlcapital.com Solutions, a software company based creating a currency exchange office in service to help them audit and moni- in Alpharetta, Ga.. That contract the Halle Building downtown. tor their people when it comes to the necessitated the hiring of 11 employ- Karen Demma, human resources procurement of travel.” ■

Brouse: Stumphauzer O’Toole to expand

continued from PAGE 3 O’Toole, McLaughlin, McGlamery & Bond’s work representing munici- Loughman Co. LPA. palities and Todd Baumgartner’s “We’re planning for the future and mergers-and-acquisitions expertise. we plan to bring in more mid-level “This is exciting for us,” Mr. attorneys,” Mr. McLaughlin said, Heintz said. adding, “We definitely need to It’s probably a less-exciting devel- expand our force.” opment for Mr. Baumgartner & Co.’s Stumphauzer O’Toole currently former firm, which now is faced with employs 15 attorneys, and that num- the task of filling in the gaps left by ber is likely to grow, Mr. McLaughlin the trio’s departure. said. The firm, which also has an office “We wish them well,” said Russ in Wellington, does general business, McLaughlin, a partner at Mr. Baum- probate, estate and other legal work. gartner’s former firm, which now “We’re very comfortable with a goes by the name Stumphauzer, half-dozen more,” he said. ■

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INDUSTRIAL 65,000 SF AVAILABLE ON 4.44 ACRES - Westlake building ideal for manufacturing/assembly SMALL UNITS AVAILABLE - from 1,800 to 20,400 sf - convenient Solon industrial park - with room for expansion - great highway access at Clague and Columbia Rds - Kevin Kelly office and warehouse units - loading facilities - Bob Garber, SIOR RETAIL LAND - .70 acres - excellent location - heavy foot traffic - Pamela Bertovich CUYAHOGA HEIGHTS - 10,700 sf freestanding building - 2,400 sf office - (2) 5 ton cranes SMALL WESTLAKE LAND PARCEL - 2.6 acre industrial land parcel - located on Bassett Road - Fred Christie, SIOR near I-90/Crocker Road interchange - George Pofok, CCIM or Joe Barna FIRST CLASS - 20,716 sf - fully AC - office - dock - sprinkler - power - drive-in - many uses, NEW EXCLUSIVE - Brooklyn Heights land - 16.67 acres - highly visible from I-480 - access printer, hi-tech - 10 years old - Armand Aghajanian from Granger Road off I-480 - minutes to I-77, Jennings Freeway & I-480 - Matt Beesley, SIOR 23,400 SF MULTI-TENANT FLEX BUILDING - for sale - great investment or investor/user OFFICE oppor. - 83% leased with one 4,000 sf office/whse unit available for lease - Ken Anderson 18,596 SF ROCKSIDE CORRIDOR - full floor - immaculate former call center - open floor HEALTH CARE COMPLEX - 38,561 sf on 10.77 acres - expandable - well maintained - fea- plan with great glass lines - Leah Kukulka ture rich amenities - excellent highway access - Joe Barna, SIOR or George Pofok, CCIM NEW ROCKSIDE CLASS A OFFICE LISTING - Metro Center - move-in suites from FOR SALE OR LEASE - Independence - 58,000 sf - whse/manufacturing on 4.74 acres 583-24,000 sf - attractive rates - leasing incentives a “must tour” - Rico Pietro with many extras - low taxes - great location - Tyler Newman, CCIM or Rico Pietro 20,000 TO 132,000 SF NEW CLASS A OFFICE - located at I-480 and Transportation Blvd I-77 AND I-480 - 68,400 sf - divisible to 22,800 sf - 24’ clear - 9 docks - 1 drive-in - modern - fabulous building and area amenities - NO ROCKSIDE DOWNSIDE - Tom West, SIOR or 2001 construction - expandable to 140,000 sf - Eliot Kijewski or Simon Caplan, SIOR Leah Kukulka

IMMEDIATE OCCUPANCY COMMERCIAL SPACE AVON LAKE FOR SALE OR LEASE 16,900 sq. ft. expandable. Retail, industrial, automotive. 5 acres, 150 car parking. INDUSTRIAL “FLEX” SPACE 6,150 sq. ft. a/c, showroom. Property Tours in Your Pajamas Category Location Available Space Cost 440-934-0013 Low Cost Cleveland East Side 5,000-300,000 $1.75 per sq. ft. Medium Cost Clinton 5,000-200,000 $2.25 per sq. ft. Euclid 5,000-300,000 $2.25 per sq. ft. Bedford 5,000-200,000 $2.25 per sq. ft. www.colliersomlistings.com Mentor 5,000-150,000 $2.75 per sq. ft. High Quality Bedford 5,000-100,000 $3.25 per sq. ft. STORAGE New Construction Walton Hills 120,000 $4.00 per sq. ft. FOR RENT SPACE IS MOVING FAST. CALL TODAY TO SECURE YOUR PRICE FOR THE FUTURE. HEATED STORAGE (440) 786-2200 RV’s, Boats, Campers Because smart & experienced beats smart every timesm Concrete floors, 20 ft. high www.handlit.com ceilings, 20 ft. drive-in door, secure, competitive rates. 216.861.7200 www.colliersom.com Call Mr. King 330-995-1070 Global commercial real estate expertise Available FOR LEASE AT I-77 & I-480 IN VALLEY VIEW OFFICE/WAREHOUSE SPACE • 10,000sf w/ 2400sf Office, (2) Docks (1) Drive-in, 480v 600 Amp, 19', Occupancy 1st Quarter 2007 • 11,250sf w/ 1200sf Office, (2) Docks (1) Drive-in, 480v 400 Amp, 17', Occupancy 1st Quarter 2007 Twinsburg, Ohio I-271 & WILSON MILLS Manufacturing/Warehouse • 20,000sf w/ 1500sf Office, (4) Docks (1) Drive-in, 208v 200 Amp, 18', Occupancy 2nd Quarter 2007 Building available for sale Lombardo Investments LLC or lease 216.524.0715 For lease, ALPHA PARK office/ www.lombardobusinesspark.com warehouse or all office units available, • 80,000 square feet with room from 800 to 32,000 Sq. Ft. Docks for expansion and drive-ins. Free maintenance. Contact: Kenny Coven, (216) 363-6436 • Modern, well insulated, heated OFFICE building DON’T SPACE For sale or lease. Free standing building with +/- 11,000 Sq. Ft. • 12” reinforced concrete floors On over 1 acre in private office park. Only 5 years old. 9,000 SF Licensed Real Estate Broker • 20, 25 and 30 ton overhead FORGET: FOR LEASE warehouse, 2,000 SF office partially furnished. Separate rental cranes (23’ to hook) Crain’s Cleveland Business OFFICE - RETAIL - MEDICAL - INDUSTRIAL suite possible w/ separate utilities. Located in Brookfield, Ohio FOR LEASE Halfway between Cleveland on-line @ Call Tony at (330) 425-7866 or (216) 952-0230. PRIME LOCATIONS IN: and Pittsburgh, New York CrainsCleveland.com OFFICE/WAREHOUSE and Chicago LAKE COUNTY I-271 & Beta Drive For all the latest business I-480 Between REAL ESTATE 13,000 sq. ft. with dock & drive-in. Will divide. Call 330-448-4046 ext. 118 news...online BROADWAY & LEE SERVICES Tyler Blvd., Mentor 400SF - 85,000SF 3,870 - 4,500 sq. ft. For lease, NEO PARK office/warehouse Loading Dock Services Classified Ads or all office units available, from Service, Maintenance and Sales CALL CAPUTO BROS. BROKERS WELCOME 1,500 to 53,000 Sq. Ft. Docks of Dock Levelers, Bumpers, (216) 291-1411 WORK! and drive-ins. Free maintenance. Seals, Truck Restraints and 440-942-8770 Contact Kenny Coven, (216) 363-6436 Metal Stairs. Free Inspections and Estimates. RETAIL SPACE Licensed Real Estate Broker 800-34-DOCKS / 440-729-0380 TO FILL YOUR SPACE, Mentor FOR LEASE OFFICE/RETAIL SPACE LIST YOUR INDUSTRIAL, Corner Location RETAIL SPACE For Lease McFarland Corners SAGAMORE HILLS SPACE FOR LEASE Rt. 306/Mentor Ave. Bainbridge COMMERCIAL, RETAIL, OFFICE Adjacent to Heinens HIGHPOINT PLAZA 6,400 SF freestanding 10,930 square feet - will divide Now Under Construction on Route 82 – W. Aurora Rd. Summer 2007 building Richmond Plaza OR WAREHOUSE SPACE HERE. Occupancy. Law, CPA, Medical, Financial Services, Insurance, Studios. Serve Sagamore Hills, Brecksville, Broadview Heights, Northfield Center, Richmond Heights Macedonia, Twinsburg Growing community. Incomes over $83,000/year. Across from Easy access. Great Visibility. Convenient to I-271 & I-77. Restaurant / Richmond Towne Mall Contact Don Schwaller 2,500 square feet Take-out Food opportunity available. Global commercial real estate expertise EMMCO Corporation 216 – 292- 3700 Michael Occhionero at 216.861.5291 CALL CAPUTO BROS. (216) 771-5172 Commercial Real Estate Services www.colliersom.com (216) 291-1411 CCLB 12-11-06 A 19 CCLB 12/7/2006 1:56 PM Page 1

DECEMBER 11-17, 2006 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 19 REAL ESTATE LUXURY PROPERTIES

The Warehouse District Live out your dream. Executive Rental Pinnacle Building Luxury 3 bedroom/3 bath condo with 1990 sq. ft. w/ large balcony. Panoramic views of the gold coast and lakefront. Amenities include: Call for your round-the-clock concierge services, state of the art private tour of exercise facility, roof This award-winning conservation the model home. garden areas, two indoor community will exceed your parking spots, wood floors, 440-668-3456 granite counters and expectations. Only six (1-3 acre) S.S. Jennair appliances. homesites remain! Located in the Village $3,200.00 + utilities, of Grafton, near 57 gas included. Lots starting in and Mechanic St., Contact: Renee Siperke the low $100’s. 1021 Timber Ridge Rd. 8070 Garfield Rd. 440-227-0634 or Mentor [email protected] BUILDER OF THE YEAR - 2005 NCBIA www.sdchomes.com $329,900 3 Bdrm, 2/2 Bath Ranch • Stunning ranch home •3026 square feet. To Advertise your Luxury Property contact • Attached garage with 3 bays. Don Schwaller at (216) 771-5172 Call for Appointment 216-469-7855 CLASSIFIEDS BUSINESS SERVICES CNC Hiring Phonies?? Don’t! MACHINING We’ve been providing employers with Background checks on job candidates since 1982. Quick Turnaround. Offices in OH & NJ Specializing in PRODUCTION, 440-354-6158 www.careyconsultants.com CNC MILLING, 2-3 day turn-around time! CNC TURNING, Licensed-bonded-insured and Welding. Open 24 hours to meet customer requirments. 2007 SALES GOALS Aerotech Enterprise REACHABLE? DBA K&F MFG 8511 Mulberry Road MAKE SURE...Take the course on Chesterland, Ohio 44026 HIGH PERFORMANCE SELLING 440-729-2616 Fax 440-729-1620 Jan 8 or 9 [email protected] Call Brad Withers (216) 548-8675

B U S I N E S S S E R V I C E S & M O R E C O N T I N U E D O N P A G E 2 0 ➤ CCLB 12-11-06 A 20 CCLB 12/7/2006 1:43 PM Page 1

20 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM DECEMBER 11-17, 2006 CLASSIFIEDS BUSINESS SERVICES BUSINESS OPPORTUNITY Coming December 25

LAST CHANCE! OFFICE DEADLINE: FURNITURE TODAY AT FOR IMMEDIATE SALE NOON Big Four accounting firm is relocating Cleveland office. Large quantities of very high end executive furniture Crain’s Cleveland Business available immediately. WANTED: For more infomation please call Your subscription to Book of Lists ‘07 216-431-2700 Crain’s Cleveland Business To advertise in this special issue To sign up call toll-free at 1-888-909-9111 E-MAIL US YOUR AD or on-line @ CrainsCleveland.com call Don Schwaller at [email protected] Click on “Subscribe Now.” 216.771.5172 Crain’s Executive Recruiter

Advertising Sales Representatives Senior Vice President, Operations Calfee, Halter & Griswold LLP (Cleveland) seeks a full time paralegal for its real estate practice group. Candidate must have NineSigma, Inc., a rapidly growing innovation sourcing firm serving Crain's Cleveland Business is seeking experienced, dynamic at least 3 years of experience in commercial real estate and Global 1000 companies is seeking a SVP/COO to provide leader- commercial loan transactions as well as familiarity with sales representatives with exceptional communication skills ship and continued growth for its core operations including client corporations, partnerships and limited liability companies and a track record of sales success in print, online and event service delivery and IT. (including entity formation and qualification). Skills essential to sales. Crain's, 's premier source of business the position include organization skills, communication skills, news, analysis and commentary, was named the best business Ideal candidate should have experience in consulting or leading a attention to detail, deadline awareness and efficiency. publication in the state last year by the Press Club of Cleveland service delivery organization; must have ability to influence and lead Submit cover letter and resume to: and has been the winner of numerous national journalism others and a passion for innovation. Candidate must have bache- awards as well. Stephanie Haggerty, Esq. lor’s degree and 10 years management experience. Director of Legal Recruiting Ideal candidates will have five or more years of business-to- Calfee, Halter & Griswold LLP Email your resume and interest to Mark Mizenko at mizenko@nine- 1400 McDonald Investment Center business sales and exceptional ability to weave together inte- sigmacorp.com. Visit our website for additional company informa- 800 Superior Avenue grated, effective advertising campaigns that include print and tion, www.ninesigma.com. Cleveland, OH 44114-2688 online positions as well as event sponsorships. Responsibili- ties include new business development as well as the ability to maintain and grow a stable base of existing advertisers. INVESTMENT Crain Communications is one of the country's oldest and most BANKING ANALYST respected B-to-B publishing companies. Resumes with cover Ryan Beck & Co. is seeking letters can be submitted for consideration to: Where an Analyst for its Financial [email protected]. We thank you for your interest in FIRST FEDERAL LAKEWOOD Crain Communications and invite you to visit our Web site at Institutions Investment Banking to find www.crain.com as positions are updated regularly. Crain Com- Expansion of our Commercial Real Estate Lending Division has creat- Group in Pepper Pike, Ohio. ed the following exciting opportunities for energetic professionals. The candidate will provide munications is an Equal Opportunity Employer. CRE Lending Officer your Experienced in business development through outside sales calls to analytical support related to originate CRE loans and acquire deposit relationships. Requires BBA. M&A, valuation studies, capital CRE Portfolio Manager financings, etc. professional! Experienced in underwriting and managing a CRE portfolio. Requires BBA and CRE lending experience. Loan Credit Analyst Bachelor’s Degree required; Experienced in performing independent analysis of CRE loan requests experience in investment for loan committee. Requires BBA. banking/financial modeling is We offer competitive salary and benefits. preferred. Series 7 registration Confidential For more information visit www.ffl.net. Interested applicants should a plus. send resume (specify position of interest) to: [email protected], FAX (216) 529-2789, Mail: First Federal Lakewood, Operations Center / HR Dept, For immediate consideration, box numbers Sales Representative 14826 Detroit Ave, Lakewood, OH 44107. apply online at: Equal Opportunity Employer M/F/D/V www.ryanbeck.jobs Waste News, a Crain Communications, Inc. publication, is seek- Job ID #530 available at ing an experienced Sales Representative based in our Akron of- fice. The successful professional will possess a dynamic per- $25 per ad. sonality and solid communication skills. Candidates also need Attention business bankers/commercial bankers: several years of experience with display ad sales, trade show Member NASD/SIPC and event sponsorship sales, as well as online/website and ban- • Small business lenders Equal Opportunity Employer ner ad sales. Ideal candidates will have 5+ years of successful • Commercial bank relationship managers Business to Business selling. Responsibilities include develop- ment of new business, as well as the ability to maintain and • ABL / factoring professionals grow a current base of advertisers. A rapidly growing, niche finance company headquartered on the Eastside, providing receivables financing and outsourcing services to small and Resumes with cover letters can be submitted for consideration growing companies nationwide, is seeking a entrepreneurial-minded, team To place your to: [email protected]. We thank you for your interest in player to join their high-energy, expanding organization in a leadership role. Crain Communications and invite you to visit our Web site at www.crain.com as positions are updated regularly. Crain Com- Seeking experienced sales professional to join team in the position of: munications is an Equal Opportunity Employer. Executive Recruiter Vice President of Sales and Marketing Min. of 4 yrs experience in small business lending, ABL or factoring Minimum 2 years of team leadership or sales mgt experience ad call Don Schwaller at Quantifiable track record of success Please send resume, cover letter and salary requirements to: [email protected] 216-771-5172 EOE CCLB 12-11-06 A 21 CCLB 12/8/2006 2:47 PM Page 1

DECEMBER 11-17, 2006 WWW.CRAINSCLEVELAND.COM CRAIN’S CLEVELAND BUSINESS 21

Tires: Retailers faring OK, ABARTA Capital Partners but Goodyear losing out “Equity without an exit strategy”

continued from PAGE 1 to make tires everyday and to serve “Even if the strike ended tomorrow, our customers,” Mr. Markey said. it would take three or four months to Mr. Markey said the strike is cost- fill up the supply pipeline again,” said ing the company $30 million to $35 Mr. Leipold, referring to the challenge million in operating income per of resurrecting previous inventory week as it progresses. levels of Goodyear tires to what they Saul Ludwig, an analyst and manag- were before the strike. ing director with KeyBanc Capital Tom Bowman, vice president of the Markets of Cleveland, said the strike is commercial division of Belle Tire dealing a direct blow to Goodyear’s Distributors Co., said the tire distribu- sales because of supply shortages of tor based in Allen Park, Mich., likewise the company’s product. is seeing shortages of Goodyear tires Mr. Ludwig said it too soon to ABARTA Capital Partners is seeking investment opportunities for semi trucks and other commercial determine the strike’s long-term vehicles. Because of sporadic ship- damage to Goodyear’s market pres- in growing, consumer-oriented businesses. ments of Goodyear products at many ence. Goodyear is the third-largest of its 70-plus tire stores, Belle Tire has tiremaker in the world behind been forced to direct more customers Michelin and Bridgestone. Contact: to Goodyear competitors. The Steelworkers union has said it Fred J. Morelli, Jr. “We’re still making the sales,” said has funds to carry on a two-year Schneider Downs Corporate Finance Mr. Bowman, whose company oper- strike, if necessary. Mr. Ludwig www.ABARTA.com 412.697.5404 ates its second-busiest commercial doubts the union and the tiremaker tire store in Oakwood Village, south will battle for two years, but he said of Cleveland. “The one losing share as things stands now, “Both sides is Goodyear.” seem pretty well dug in.” ‘Pretty well dug in’ Burning off inventory More than 15,000 United Steel- Some larger dealers, such as RENEW ONLINE NOW! workers are on strike at 12 U.S. Cleveland-based Conrad’s Tire Goodyear plants — including one in Service Inc., said they have been able www.CrainsCleveland.com/renew Akron — as well as four in . to weather Goodyear’s labor storm Before walking off the job in early for now due to their deep inventories October, union members had of the tiremaker’s products. worked under a day-to-day exten- “Because November was mild, our sion of their contract, which expired inventories haven’t burned off as last July. The workers are opposing they normally would,” said Dominic Goodyear’s push for a more compet- Umek, general manager of Conrad’s. itive labor agreement as it does Conrad’s, with 30 locations, battle with low-cost imports. counts Goodyear-brand passenger Goodyear has tapped salaried and tires as some of its most popular temporary workers and some hourly sellers. However, Mr. Umek said the workers who have crossed picket lines gap between Goodyear’s shipments to work the tire-making machines in and Conrad’s ability to fill some back Akron and other plants, in addition to orders is beginning to show, espe- using the output of a nonunion plant cially when it comes to Goodyear’s Hello in Oklahoma and two others in specialty brands such as its popular My name is: Canada, said Goodyear spokesman Ed Assurance TripleTred tires. Markey. The company, which last year Conrad’s is directing customers to produced 102 million tires in North other brands if the Goodyear brands America, is running at slightly more are unavailable, Mr. Umek said. than 50% of its normal North America Goodyear three weeks ago began send- production rate, Mr. Markey said. ing stores rain checks on some sizes of “We are doing everything we can Assurance tires now on back order. ■

PMX: Site may not be ripe for retail

continued from PAGE 1 tion and departing industries. prospects or to confirm a Visconsi Although Visconsi’s Mr. Stevens deal. “I wish somebody would come to described Euclid as possessing Meet your new business partner. the table with cash,” he said. “demographic challenges we think Commercial Development previ- are overstated,” he said the site Introducing the MasterCard BusinessCard® from Ohio Savings Bank ously emphasized plans for an intrigues the company because of its industrial park on the site, but Mr. size amidst a heavily populated area Stubblefield said the company is with visibility from Interstate 90. “open to all kinds of ideas.” The rise of Steelyard Commons, One business card does it all: “We don’t care if it’s industrial,” which boasts a Wal-Mart Super- he said. “If it’s retail, we’re open to center and a raft of other retailers ❖ No annual fee that.” that is rising on a former steel mill ❖ Rewards program Euclid Mayor Bill Cervenik said site near downtown Cleveland, may the city would find retail an accept- support the Euclid project because it ❖ High credit lines able use for the site. shows national big-box retailers will ❖ Separate business expenses “As long as it’s quality retail, good commit to urban areas if they’re for the city, we would welcome it,” given the right location. the mayor said. “The bottom line for “That type of project makes this pro- Euclid is that we want to restore the ject more feasible,” Mr. Stevens said. site” to productive use. Although Visconsi is sizing up the The site is hardly an obvious one retail prospects of the former PMX site, for a new retail project. It is directly it remains a prized industrial parcel. across the street from Euclid Square “I think it’s a bummer to see an Mall, a long-struggling mall that has unbelievably good industrial site go Stop by a branch office today lost its department store anchors to retail,” said Terry Coyne, director or visit www.ohiosavings.com. and recently has been operated as of Grubb & Ellis Co.’s industrial unit. Outlets USA by its current owner, “That’s what happens in real estate.” furniture retailer Ted Lichko. Mayor Cervenik counters that Euclid also shares in the litany of Euclid has other locations to accom- FIA Card Services, N.A. is the issuer and administrator of this credit card program. Platinum Plus is a federally registered service mark of FIA Card Services, N.A. problems of some inner-ring suburbs: modate industrial users if the prop- MasterCard is a federally registered service mark of MasterCard International Inc., used pursuant to license. declining incomes, an aging popula- erty is put to retail use. ■ CCLB 12-11-06 A 22 CCLB 12/8/2006 4:57 PM Page 1

22 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM DECEMBER 11-17, 2006 THEINSIDER REPORTERS’ NOTEBOOK THEWEEK BEHIND THE NEWS WITH CRAIN’S WRITERS Kowit & Passov not interest in downtown stems from plans by In turn, alumni donations have suffered. DECEMBER 4 - 10 shopping center developer Robert Stark for a — Shannon Mortland passive about downtown downtown project, Mr. Passov said. Specifics Whirlwind deal: Fluid control assembly ■ Talk about a switcheroo. of Mr. Stark’s plans are under wraps. Here’s the story on manufacturer Whirlaway Corp. was acquired by Time was when big real estate brokerages Brad Kowit, a Kowit & Passov principal, Tennessee-based NN Inc. for $44 million. Whirl- headquartered in downtown Cleveland would argues change is afoot in downtown’s retail ‘A Christmas Story’ away, based in Wellington in Lorain County, establish suburban satel- fortunes. “When we showed downtown to ■ Let’s rewind to a simpler time, when a can produces metal components and fluid control lite offices. Now, Beach- retailers six years ago, they’d say, ‘Next,’” of Simoniz was enough for your old man for equipment for makers of air conditioning equip- wood-based Kowit & Mr. Kowit said. “That’s no longer the case.” Christmas and the most extravagant gift a ment, appliances, cars and diesel engines. The Passov Real Estate Group — Stan Bullard guy owned was a lamp. company employs 575 in three locations in Ohio will open this month a In Hohman, Ind., in 1938, it was still a and at its Triumph LLC subsidiary in Tempe, Ariz. 2,500-square-foot satellite Case test-drives an no-no for a kid to drop the f-dash-dash-dash Whirlaway anticipates annual sales for the office downtown, partially haymaker, and a bar of Lifebuoy awaited company will reach $80 million in 2006. to handle a recently alumni relations idea those who disobeyed that sacred creed. awarded exclusive leasing ■ Case Western Reserve University is trying The Cleveland Play House looked just like The long goodbye: David Nussbaum, CEO Passov contract for the venerable a new approach to reach alumni in the the intersection of West 11th and Cleveland of Penton Media Leader Building, 526 Detroit area — come to lunch, get a ticket to streets last Wednesday, the opening night Inc., will leave the Superior Ave., which is the auto show. for the second year of “A Christmas Story” at company when being spiffed up to com- Case is inviting alumni, family and friends the theater. The old standbys were there: its acquisition by bat a 42% vacancy rate. to have lunch with interim president Dr. Ralphie Parker, his little, can’t-put- Prism Business Media is finalized. Prism presi- Steve Passov, a Kowit Gregory Eastwood on Jan. 13 at the my-arms-down brother Randy, Miss dent and CEO John French will lead the & Passov principal, said Atheneum Suites Hotel and Conference Shields, Ralphie’s buddies Schwartz and combined business-to-business media company, agents will use the office Center in Detroit. The hotel is near the Cobo Flick and neighborhood bully Scut Farkas. which will operate under the Penton Media brand when they need to be Conference and Exhibition Center, where A new wrinkle provided Ralphie a pseudo- and will locate its executive offices in New York downtown. One of those Detroit’s auto show will be held. stalker in the form of classmate Esther Jane, Russo City. Prism entered an agreement to buy Penton agents — Myrna Previte, The $15 cost of the lunch includes a meal but her advances were denied by the only last month in a $530 million deal that is expected who handles the Leader listing — will spend and a ticket to the 2007 North American object of Ralphie’s affection: a genuine Red to close in the first quarter of 2007. Prism will pay 75% of her time there. International Auto Show. The e-mail invitation Ryder, 200-shot Carbine Action Air Rifle. $194.2 million for Penton’s stock and will assume The office reflects Kowit & Passov’s rise in shows a few flashy sports cars. At the bottom Stealing the show was Ralph, played by its debt of more than $335 million. the region’s office brokerage business. Orig- of the invitation, however, Case urges alumni Broadway vet Christopher McHale, with a nar- inally a retail boutique, Kowit & Passov two to get involved in the university by calling the rative performance fit for a Christmas turkey Cab plan curbed: Cleveland City Council years ago launched an office unit led by Alex alumni relations staff at 800-866-6280 or stolen by those darn Bumpuses’ hounds. rejected the Jackson administration’s plan to Russo, an experienced office broker and past e-mailing it at [email protected]. The set construction was most impres- improve taxi service at Cleveland Hopkins Inter- president of the Cleveland Area Board of Dr. Eastwood has said one of his main sive, complete with the Parkers’ smoky national Airport. City Council’s Aviation and Realtors. That unit now fields six agents. goals during his interim presidency will be basement, faulty new car, front window Transportation Committee voted unanimously to Kowit & Passov’s new office also gives it a to repair relations with Case alumni, some adorned with the old man’s “major award” table a plan that would have awarded an exclu- beachhead to work downtown Cleveland’s of whom have become upset with how the and Santa’s lair at Higbee’s. I’d give it 3½ leg sive contract for outbound airport taxi service to sorry retail market. Part of the brokerage’s university has been run in recent years. lamps out of four. — Joel Hammond Ace Taxi Service Inc. Council members expressed concern that the plan would have left drivers for the city’s eight other cab operators unable to pick up passengers at Hopkins. WHAT’S NEW STOCKS

Gone too soon: Todd Gabriel, a high-profile 10 BEST PERFORMERS senior vice president at Grubb & Ellis Co.’s Cleve- land office, died Dec. 2 from cancer at age 40. Mr. CLOSE WEEK’S 52-WK 52-WK Gabriel was “a perennial top COMPANY 12/8 % CHANGE HIGH LOW producer” in the real estate 1. Lamson & Sessions Co. (LMS) 24.98 16.29 32.80 19.82 brokerage’s office unit and “the 2. Jo-Ann Stores Inc. (JAS) 22.06 12.90 22.25 10.98 ultimate team player,” said Bob 3. Lesco Inc. (LSCO) 8.73 8.72 18.17 6.70 Nosal, Grubb & Ellis managing 4. OM Group Inc. (OMG) 49.91 7.33 59.75 17.12 director in Cleveland. Mr. 5. Goodyear Tire & Rubber (GT) 17.72 5.48 19.31 9.75 Gabriel worked on deals that 6. PolyOne Corp. (POL) 7.99 5.27 9.89 5.94 ranged from sales of downtown 7. Progressive Corp. (PGR) 23.64 5.11 31.23 22.18 skyscrapers to leasing space for 8. Myers Industries Inc. (MYE) 16.57 5.01 18.77 13.81 Gabriel tenants throughout the region. 9. Associated Estates Realty (AEC) 15.15 3.91 16.50 8.90 He was a member of Crain’s Forty Under 40 class of 10. Chart Industries Inc. (GTLS) 15.48 3.20 16.60 11.16 2004. 10 WEAKEST PERFORMERS Off to middle market: Key Principal Part- ners, the private equity arm of Cleveland-based CLOSE WEEK’S 52-WK 52-WK banking company KeyCorp, has closed for a COMPANY: The Garland Co., COMPANY 12/8 % CHANGE HIGH LOW second time on a half-billion dollar fund. Key’s Cleveland 1. Cleveland BioLabs Inc. (CBLI) 4.61 -7.80 6.00 4.17 third fund, KPP Investors III, seeks to invest in 2. Hawk Corp. (HWK) 11.37 -6.03 16.00 9.77 middle-market and lower middle-market compa- PRODUCT: Rust-Go VOC restora- 3. Omnova Solutions Inc. (OMN) 4.54 -4.02 7.25 4.00 nies that generate annual revenues of at least $20 tive and protective coatings 4. Oglebay Norton Co. (OGBY) 19.10 -2.05 20.50 10.75 million. The fund expects to close on “several” 5. Preformed Line Products (PLPC) 31.39 -1.94 46.37 30.02 unidentified deals during the first quarter of 2007. 6. LNB Bancorp Inc. (LNBB) 16.66 -1.88 19.73 15.88 Garland, a maker and distributor of high- The fund had its first close on May 16, at $435 7. Developers Diversified (DDR) 64.74 -1.19 66.36 45.66 performance roofing products, has expanded million. 8. Park-Ohio Holdings Corp. (PKOH) 16.96 -1.11 21.36 12.72 its Rust-Go product family to include environ- 9. Ferro Corp. (FOE) 20.80 -0.91 21.70 13.82 mentally friendly, water-based industrial mainte- Good sports: Wisconsin-based Good Karma 10. U-Store-It Trust (YSI) 21.65 -0.60 22.85 15.90 nance coatings. Broadcasting, which entered the Northeast Ohio The products, intended to preserve exterior radio market in July with its purchase of 1,000- and interior metals and previously painted 10 MOST ACTIVE watt WWGK-AM, 1540, agreed to buy sports talk surfaces, are approved for use in the United CLOSE WK’S VOL. 52-WK 52-WK radio station WKNR-AM, 850, for $7 million from States, Canada and . They meet COMPANY 12/8 (in thousands) HIGH LOW Salem Communications. WKNR’s 50,000-watt or exceed VOC (volatile organic compounds) signal will be the largest by far in Good Karma’s 1. Progressive Corp. (PGR) 23.64 18,783 31.23 22.18 compliance standards in those countries. nine-station network, surpassing the total trans- 2. National City Corp. (NCC) 35.63 13,242 38.04 33.26 The company says the new coatings “elim- mission power of the other stations in Wisconsin, 3. Goodyear Tire & Rubber (GT) 17.72 11,853 19.31 9.75 inate the flammability and toxicity hazards Illinois and Florida. 4. KeyCorp (KEY) 35.93 5,314 38.31 32.68 that characterize conventional solvent-based 5. Developers Diversified (DDR) 64.74 5,105 66.36 45.66 To keep up with local business news as it happens, applications.” They serve the metal refurbish- 6. OM Group Inc. (OMG) 49.91 4,587 59.75 17.12 visit www.crainscleveland.com. ing requirements of hospitals, nursing 7. Parker Hannifin Corp. (PH) 83.86 4,081 88.00 65.16 homes, schools and environments where 8. FirstEnergy Corp. (FE) 60.18 3,773 61.53 47.33 minimizing fumes is a high priority. 9. Eaton Corp. (ETN) 78.38 3,267 79.98 62.37 For information, visit www.garlandco.com. 10. Sherwin-Williams Co. (SHW) 62.44 2,775 63.23 37.40

Send information to [email protected]. Source: FinancialContent Inc. CCLB 12-11-06 A 23 CCLB 12/7/2006 9:01 AM Page 1 CCLB 12-11-06 A 24 CCLB 12/8/2006 3:03 PM Page 1

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