Docs Find Relief At Last - Crain`s Cleveland Business
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Docs Find Relief At Last - Crain`s Cleveland Business
CCLB MAIN 09-11-06 A 1 CCLB 9/8/06 4:26 PM Page 1 www.crainscleveland.com SEPTEMBER 11 - 17, 2006 Vol. 27, No. 37/$1.50 TV TUSSLE LATENEWS MARC’S TO ADD 2 LINKS TO DISCOUNT CHAIN NORTHEAST OHIO CABLE RIVALS SHIFT GAME PLANS AS NEW SEASONS ARRIVE. PAGE 3 Parma-based Marc’s plans to open its smallest store yet in the Coventry neighborhood of Cleveland Heights this fall, and to add a store of a more typical size in Niles as well. The discount retailer’s 14,000-square-foot space on Coventry Road should open in December, according to Marc’s marketing director Day Armelli, and a 40,000- square-foot store is expected to open near Eastwood Mall in Niles in November. The new stores will bring Marc’s total to 53 Ohio locations. — John Booth UH pursues OfficeMax building in Shaker Hts. HERBRUCK ALDER PICKS UP PJK AGENCY Cleveland-based Herbruck Alder has swallowed up fellow employee benefits firm PJK Agency Inc. of Chagrin Falls. The deal adds three PJK employees to Herbruck’s payroll and brings Herbruck’s employee count to 43 workers, said Alison Muth, Herbruck’s marketing programs manager. Terms of the deal, which is expected to close in January, were not disclosed. — Shawn A. Turner CONCRETE FIRM WINS CITY LOAN PRONTO Midland Concrete & Sand Products Inc. has received the first, quicker-turnaround smallbusiness loan from the city of Cleveland. The transportation company will get a $200,000 loan to move its operations to a former Mittal Steel Co. warehouse on West Third Street. The company, which employs 26 at a temporary site in the Flats, has told Cleveland City Council it will add six full-time jobs over the next three years. City Council in June gave the Jackson administration the ability to make loans of up to $250,000 without council approval, thus shortening the time it takes to process the loans. — Jay Miller ORG RETAINS CB RICHARD ELLIS By STAN BULLARD and SHANNON MORTLAND [email protected] These numbers show the average rate increases for medical malpractice insurance in Ohio since 2000: 2000: 14% 2001: 21% 2002: 30% 2003: 30% 2004: 20% 2005: 6.7% 2006: down 1.5% SOURCE: OHIO DEPARTMENT OF INSURANCE LISA HANEY/NEWSCOM Docs find relief at last Tort reform helps apply brakes to steep malpractice insurance hikes; more physicians staying in Ohio By SHANNON MORTLAND [email protected] M any Ohio doctors finally can exhale. For several years, physicians have held their breath each time they renewed their medical malpractice insurance, wondering if rates would rise 20%, 30% or more. However, medical liability insurance rates in the state finally have begun to level off — and even decline slightly — after years of climbing to levels that were some of the highest in the country. “The market really appears to be slowly stabilizing,” said Ann Womer Benjamin, director of the Ohio Department of Insurance. “Rates for the five major medical liability companies in Ohio show an average decrease of 1.5%. That follows significant increases in the past six years.” Just two years ago, doctors were fleeing the state and closing or limiting their practices because they no longer could afford Ohio’s malpractice rates. See MALPRACTICE Page 8 University Hospitals may provide the city of Shaker Heights with the salve for the wound that was created by the departure of OfficeMax. Three sources familiar with the situation, who spoke on condition they not be identified, said the hospital system is conducting due diligence to buy the big office building formerly occupied by OfficeMax as a new home for UH’s back-office employees. The 227,000-square-foot building at 3605 Warrensville Center Road became vacant late last year after OfficeMax decided to consolidate its headquarters operations in the Chicago area. UH’s pursuit of the OfficeMax building means, at least for now, that the hospital system is passing on options to consolidate the backoffice employees in either the 668 Euclid Building downtown, where it might have spurred a renovation, or in empty space at the Halle Building, 1228 Euclid Ave. However, people close to downtown advocates say they hope to snag some hospital jobs at some point in the future. UH for more than a year has been searching for about 100,000 square feet to house around 600 employees. The hospital system hopes to combine back-office employees from throughout the region and to free up space at its main campus at 11000 Euclid Ave. See UH Page 7 Capital campaign, student retention on new KSU president’s list By SHANNON MORTLAND [email protected] No longer a New Orleans resident, Lester Lefton doesn’t need to worry about walls of water coming at him after a storm. However, in his new job as president of Kent State University, he faces another pressing problem — a lack of students flooding the main campus. Dr. Lefton said declining enrollment is one of the biggest tasks he must tackle at Kent State, along with the need to grow significantly the school’s $100 million endowment and to make the university a major player in the region’s business community. “Kent State is going to face an enrollment challenge over the next several years. Right now, I consider that my No. 1 challenge,” said Dr. Lefton, who was provost and senior vice president for academic affairs at Tulane University in New Orleans before taking over at Kent State July 1. This fall, Kent State expects its main campus enrollment to be about 22,600, down by about 1,000 students, or around 4%, from its fall 2005 total of 23,622. That trend is expected to continue. “If we don’t do anything, enrollment will be down for the next several years,” Dr. Lefton said. See LEFTON Page 14 SPECIAL SECTION 0 71486 01032 NEWSPAPER 6 37 ORG Real Property of Beachwood has shifted from internal property management to outside property management in a new partnership with CB Richard Ellis Asset Services. The switch involves ORG’s 1.5-million-squarefoot commercial portfolio, except for its apartments. ORG partner Ed Schwartz said the shift allows himself and partner Jon Berns to focus on property acquisitions and development. Mr. Berns said the two liked the way CB managed ORG’s newly purchased Lakepoint Office Park and decided to expand the relationship. Three staffers moved to CB from ORG and two jobs were cut. — Stan Bullard RUNAWAY MALPRACTICE RATES REINED IN SMALL BUSINESS Area companies affected by summer’s flooding getting operations back to normal Page 21 PLUS: OUTDOOR DINING IT’S ABOUT TIME & MORE Entire contents © 2006 by Crain Communications Inc. CCLB MAIN 09-11-06 A 2 CCLB 2 9/8/06 2:46 PM Page 1 CRAIN’S CLEVELAND BUSINESS REGULAR FEATURES Big Issue ......................10 Classified ................32-34 Editorial .......................10 Going Places ................15 List: Industrial Parks..30-31 Reporters’ Notebook .....35 Stocks ..........................35 Tax Liens ......................17 CORRECTION A Sept. 4, Page One story on Cleveland’s new airports chief misstated the ward in which Cleveland Hopkins International Airport is located. The airport is in Ward 20, which is represented by Council President Martin J. Sweeney. WWW.CRAINSCLEVELAND.COM COMING NEXT WEEK SEPTEMBER 11-17, 2006 CRAIN’S ON THE WEB Pensions a thing of the past? New home in the ‘Crossroads’ Ohio Materials Handling, a lift truck distributor now based in Bedford, will move Oct. 1 to a 62,000-square-foot headquarters in Macedonia. It also will consolidate three other Northeast Ohio operations in the new, $3.8 million HQ. Read about the company and its move at www.CrainsCleveland.com/real-estate. A new bill signed by President PHOTOS.COM/ KRISTEN WILSON Bush is encouraging companies to engage in more defined contribution retirement plans, like a 401 (k), rather than pensions. An eye on the competition Wonder what’s been written about your competitors? About you? Search the Crain’s electronic archives for print and online articles published by Crain’s since 1994. Find the archives at www.CrainsCleveland.com/archives. Today 125 attorneys ...and counting First Anniversary 104 attorneys Day One, July 16, 2003 90 attorneys The secrets of our success? Real simple. Good lawyers. Good clients. Good results. TUCKER ELLIS &WEST LLP AT T O R N E Y S AT L AW You'll enjoy working with us. We promise. 1150 HUNTINGTON BLDG. 925 EUCLID AVENUE CLEVELAND, OHIO 44115-1414 PHONE 216. 592. 5000 FACSIMILE 216. 592. 5009 CLEVELAND SAN FRANCISCO LOS ANGELES www.tuckerellis.com 700 W. St. Clair Ave., Suite 310, Cleveland, OH 44113-1230 Phone: (216) 522-1383 Fax: (216) 694-4264 www.crainscleveland.com Publisher/editorial director: Brian D. 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Reprints: Call 1-800-290-5460 Ext. 180 Audit Bureau of Circulation CCLB MAIN 09-11-06 A 3 CCLB 9/8/06 2:47 PM Page 1 SEPTEMBER 11-17, 2006 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM 3 $2M Cleveland Range project heats up In works for three years, expansion is set to add 30 jobs, 43,000 square feet to complex By DAVID BENNETT [email protected] An expansion project involving Cleveland Range Inc. that has been on simmer because of the need to acquire land now is steaming ahead. THE WEEK IN QUOTES “We’re not getting the phone calls and letters from doctors who say they’ve got to pick up and leave Ohio.” — Tim Maglione, senior director for government relations, Ohio State Medical Association. Page One “We want to shake (out) people who are lost, who don’t know what their next step is in life. We’re trying to move them off the starting line and get them engaged in education somehow.” — Michael Devlin, vice president of marketing and communications, Cuyahoga Community College. Page 4 “We’re looking at the sort of oddball things, but we’re not just going nutsy and looking at every stupid thing that comes along.” — Dr. Derek Raghavan, chairman and director, Taussig Cancer Center. Page 11 “Most small businesses have fewer than 10 employees and many are run by a sole proprietor, which means that when disaster strikes, there are fewer hands on deck to help with recovery, clean up and continuing the businesses.” — Steve Millard, executive director of the Council of Smaller Enterprises. Page 21 The Ohio Department of Development at the end of August approved a $150,000 business development grant for costs associated with the acquisition of property so that the maker of commercial foodservice equipment can add 43,000 square feet to its East 179th Street headquarters and manufacturing complex. The $2 million project, which has been on the drawing board for about three years, is expected to create 30 jobs. Cleveland & Nottingham Villages Development Corp. has completed the purchase of two acres north of St. Clair Avenue, on East 179th Street, where Cleveland Range will build the addition. The site was a tract of nine separate lots — eight of which were owned by residential owners — that had to be acquired one parcel at a time, said Yolanda Anderson, executive director of the development corporation. Plans call for the development corporation to assemble the land and sell it to the manufacturer at a fair market value. Cleveland Range plans to expand its 182,000-squarefoot production complex at 1333 E. INSIGHT KEEPING SCORE As fall seasons begin, regional sports networks shift their game plans with one eye on the opponent By JOHN BOOTH [email protected] apiece featuring Ohio State and Kent State universities. “There will be a lot of events on the ike the leaves changing and Canada geese heading south, schedule,” Mr. Liberatore insisted. “It’s the shifting tussle between just not done.” The shift at FSN Ohio is almost a Northeast Ohio’s regional mirror image: After filling the summer sports television networks says fall is right round the corner. While months mostly with nationally produced Fox Sports Cleveland Indians-owned “We’re not giving shows, FSN Ohio will set SportsTime Ohio prepares up on any season. the table with a range for its first Tribe-free We’re not throwing in of live and local event programming slate, rival the towel and saying programming. and former Indians TV we’ll give them FSN Ohio recently home Fox Sports Net (SportsTime Ohio) the signed a 70-game deal Ohio dives back into the summer. We’ve really with the Cleveland Cavalive-game pool. moved on from” liers and also is running a After a heavy summer losing the Indians’ TV 14-game high school footreliance on Indians games, rights. ball schedule that includes SportsTime Ohio’s current – Steve Liverani, general eight live broadcasts. The fall schedule, which starts manager, Fox Sports Net Ohio network also is continuing Oct. 1, includes no live event programming. However, network its broadcast agreements with the Midhead Jim Liberatore said that’s likely to American Conference and the Columchange. He said SportsTime Ohio is in bus Blue Jackets of the National Hockey negotiations with the Ohio Athletic League. Still, FSN Ohio general manager Conference and Cleveland State Steve Liverani is playing down the University to televise football and basketball games, and deals are close winds of seasonal change. L on three televised basketball games ISTOCKPHOTO/ILLUSTRATION: KRISTEN WILSON See SPORTS Page 34 179th St. to 225,000 square feet. Cleveland City Councilman Michael Polensek, whose Ward 11 includes the Cleveland Range property, said the final phase of environmental tests on the property is under way. Once tests are completed, two remaining vacant buildings on the site are set for demolition. For at least two years, Cleveland Range has said it would require more See RANGE Page 6 Fee income helps banks offset higher interest rates By SHAWN A. TURNER [email protected] Fee-generating products developed during the past year by Northeast Ohio banks appear to have helped the institutions make up some of the earnings lost to the higher interest rates they must pay on deposits. Through the first six months of 2006, banks largely have been able to post gains in fee income that have outpaced overall earnings growth, according to second-quarter numbers filed by the institutions. Perhaps it’s no coincidence that the time frame coincides with the launch of new products, such as new checking accounts and rewards programs based partly on credit card usage. For example, fee income at Akron’s FirstMerit Corp. was up 2.5% during this year’s first half even as its earnings overall in that period were down 13% from the first half of 2005. This growth in fee income follows the introduction last fall of a pair of new fee-based checking accounts. “We try to maintain a pretty neutral balance sheet in terms of how interest rates would affect us,” said FirstMerit investor relations officer Tom O’Malley. “By building up fee income, that protects you from interest rate risk.” The new accounts are dubbed the Gold and Diamond accounts and carry monthly fees of $10 and $15, respectively, if certain conditions are not met. Mr. O’Malley could not quantify the popularity of the new accounts, but he did say that about 35% of FirstMerit’s income is derived from fees. Also offering a new checking account product during the past year is Columbus-based Huntington Bancshares Inc. Its Performance Checking account provides for free overdraft protection and foreign ATM usage, said Rob Soroka, senior vice president and retail group executive in Cleveland. Performance Checking charges a $15 fee if deposit requirements are not met. “When you’re making less money in one area, you have to make it up in others,” Mr. Soroka said. “There’s a lot more emphasis on growing our account base.” Huntington’s fee income in this year’s first half was up nearly 25% from a year ago, to $845.2 million from $677.9 million. See BANKS Page 6 CCLB MAIN 09-11-06 A 4 CCLB 4 9/8/06 2:48 PM Page 1 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM For assistance with your real estate in Cleveland or in other parts of the United States, contact: Terry Coyne Senior Vice President (216) 453-3001 www.TerryCoyne.com 1350 Euclid Ave., Suite 300 • Cleveland, Ohio 44115 • (216) 861-3040 www.grubb-ellis.com SEPTEMBER 11-17, 2006 Tri-C hopes TV ads, ‘street team’ marketing attract younger students By SHANNON MORTLAND [email protected] Mayor Frank Jackson is exactly the type of student Cuyahoga Community College is gunning for. As an inner-city kid of immigrant parents, the young Frank Jackson might have fallen through the educational cracks if he hadn’t decided to get his associate’s degree at Tri-C, which led him to obtain his bachelor’s, master’s and law degrees from Cleveland State University. There are probably a lot more like him out there, and Tri-C has revamped its marketing tactics to find them, said Michael Devlin, vice president of marketing and communications at Tri-C. While TV ads will still have a big role, Tri-C is sending a “street team” of employees out to find students in their neighborhoods and hangouts. “We want to shake (out) people who are lost, who don’t know what their next step is in life,” he said. “We’re trying to move them off the starting line and get them engaged in education somehow.” The street team consists of about a half-dozen Tri-C employees who SAY “ H E L L O ” T O M O R E C H O I C E S, M O R E VA L U E A N D M O R E S U P P O R T. 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Telephone service including access to e911 services will not be available during an extended power outage or if modem is moved or inoperable. Services not available in all areas. Other restrictions apply. Telephone services are provided by Cox Ohio Telcom, LLC. ©2006 Cox Communications, Inc. All rights reserved. go to local festivals, concerts and events aimed at the 18- to 35-yearold crowd, Mr. Devlin said. Tri-C started in July by placing a booth at the Ingenuity Festival downtown, where the street team also approached young people to talk to them about Tri-C and pass out literature, he said. “We want to just be where these people are so they start to associate Tri-C with a younger, hipper demographic,” Mr. Devlin said. The average age of Tri-C students now is 29, but Mr. Devlin would like to reduce that figure to 25 or 26. Tri-C has always dreamed of attracting younger students, but he said it hasn’t gone after that market as aggressively as it could have. Tri-C also will pursue its goal by airing new ads on more cable TV stations that cater to the 18- to 35year-old age group. “You’re less likely to see us on with Dick Goddard, and more likely to see us on with Jon Stewart” of “The Daily Show” on Comedy Central, Mr. Devlin said. Though Tri-C has advertised on cable TV in the past, he said the ads appeared during shows that attracted an older demographic. The latest ads feature teachers, students and graduates of Tri-C who are doing interesting things with their educations or have turned their two-year degree into successful careers, Mr. Devlin said. Mayor Jackson’s office said the mayor has agreed to appear in a promotional video for Tri-C. The ads also aim to showcase the quality of Tri-C’s programs and to show they can lead to “cool” and exciting careers, Mr. Devlin said. For example, he said many students are likely unaware that Tri-C has majors such as recording arts technology, dance or graphic communications and photography. “There’s this enormous range of things we can do, and I’m not sure people understand that,” Mr. Devlin said. Tri-C in mid-September will begin running a full-page ad each week in The Plain Dealer’s Friday magazine. The ad will feature two majors each week for one year, as long as it seems to be reaching the younger demographic that Tri-C is after, Mr. Devlin said. Mr. Devlin said he hopes the new TV ads make viewers feel as though they know the subjects of the ads, what motivates them and what drove their success. Though previous Tri-C ads were well done, he said they were missing those attributes. Mr. Devlin said Tri-C previously has viewed its competition as the four-year colleges in Northeast Ohio and around the state, but he believes there’s a bigger force out there drawing kids away — making money. “Our competition is Burger King and The Gap,” he said. “The older you get, the harder it is to go back to school. We want to get them before they complicate their lives, before they have jobs and families.” Q Volume 27, Number 37 Crain’s Cleveland Business (ISSN 0197-2375) is published weekly at 700 West St. Clair Ave., Suite 310, Cleveland, OH 441131230. Copyright © 2006 by Crain Communications Inc. Periodicals postage paid at Cleveland, Ohio, and at additional mailing offices. Price per copy: $1.50. POSTMASTER: Send address changes to Crain’s Cleveland Business, Circulation Department, 1155 Gratiot Avenue, Detroit, Michigan 48207-2912. (888)909-9111. REPRINT INFORMATION: 800-290-5460 Ext. 180 CCLB MAIN 09-11-06 A 5 CCLB 9/8/06 1:50 PM Page 1 SEPTEMBER 11-17, 2006 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM 5 $14M expansion, renovation set for Hattie Larlham Plan includes 35,000 square feet in additions to provide patients services in one location By SHANNON MORTLAND [email protected] Responding to a need for more services for the disabled, Hattie Larlham this week will break ground on a $14 million renovation and expansion of its headquarters in Mantua. The nonprofit provider of services for the mentally retarded and developmentally disabled plans to add an outpatient center, play area, helicopter landing pad and a new wing to house those with severe disabilities, plus renovate its existing location as well, said Dennis Allen, CEO of Hattie Larlham. When construction is complete, Hattie Larlham will add up to 100 people to its staff of 275, he said. The first phase of the project at the Hattie Larlham Center for Children with Disabilities will include building a $3.4 million home for severely developmentally disabled and mentally retarded residents, as well as adding 120 parking spaces, Mr. Allen said. Those residents, whom Mr. Allen said are the most “medically fragile” that Hattie Larlham serves, now live in the existing building. The 10,000square-foot addition that will house those residents also will have four beds for people who need shortterm care, specifically those with traumatic brain injury. “We will talk to local children’s hospitals and we will work out a plan where they will refer those children who reach a point where they don’t need to be in the hospital, but need a sort of transitional service before going home,” Mr. Allen said. That addition is scheduled for completion next spring. In phase two, a 25,000-square-foot Life Achievement Center will be built to house various physician, rehabilitation and therapy services, as well as a play center that will be designed to improve cognitive, social, physical and emotional skills. Construction on this portion of the project is scheduled to begin next spring and is targeted for completion by summer 2008. Terrence Ryan, superintendent of the Cuyahoga County Board of Mental Retardation and Developmental Disabilities, said providing services in a campus-like setting has its advantages, and Hattie Larlham does it well. “When you’re dealing with medical visits, it’s nice to be able to coordinate the appointments together and not go in five or six times,” he said. The final phase of the project will include building the helicopter pad and renovating the existing 85,000square-foot structure at a cost of $4.2 million. That building opened in 1964, and was expanded in the 1970s and 1980s. The building is outdated and is not equipped for the current technology or the developmental problems today’s children and young adults face, Mr. Allen said. Medicine has lowered the number of babies who are born with syndromes such as Down Syndrome, so Hattie Larlham now treats more children who suffer from trauma that occurred during pregnancy or birth and resulted in developmental disabilities or mental retardation, Mr. Allen said. Hattie Larlham already has raised $8.6 million during the silent phase of its $14 million capital campaign, which was launched at the start of this year to fund the construction project. Mr. Allen said the campaign will enter the public phase this month, and the organization expects to raise the rest of the money by the time construction is done in two years. Q STUFF You do it Self-storage company CEO shows faith by buying shares U-Store-It CEO Dean Jernigan seems to know a deal when he sees it. According to a report last Friday by the Associated Press, Mr. Jernigan bought 195,000 shares of the Middleburg Heights self-storage company for $3.9 million. He paid an average of $19.88 per share, the AP noted. “Merrill Lynch analyst Christopher Pike said Friday the CEO’s investment helps ‘confirm our thesis regarding the unrealized upside in U-Store-It,’ ” according to the article. “Pike reiterated a ‘Buy’ rating on the shares, maintaining a price target of $21, compared with Thursday’s closing price of $19.95.” Mr. Pike added, “We believe that an operational turnaround is far from fully priced into U-Store-It’s stock.” CHOOSE ONE OF THE NATION’S TOP TEN ACCOUNTING PROVIDERS: CBIZ & MHM N AT I O N A L R E S O U R C E S No pain. L ots of gain. BUSINESS SWEEP CHECKING Interested in making your business’s returns bigger and stronger with as little effort as possible? Then feel the power of BUSINESS SWEEP CHECKING, where you earn interest and we do the work. 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Achieve success with peer advice and coaching www.TABBoards.com SEPTEMBER 11-17, 2006 Banks: Key hits $1B in noninterest income for first half of ’06 continued from PAGE 3 Net interest income — the difference between interest income and interest expense and the primary profit source for banks — has been down as rising interest rates have eroded margins. To counteract that development, banks have been trying to bolster revenue streams that are not tied to interest rates. “Noninterest income (fee income) at banks has been rising,” said Keith Leggett, senior economist with the American Bankers Association in Northern Trust Banks are members FDIC. © 2005 Northern Trust Corporation. A L L O C AT I O N O F T I M E Washington, D.C. KeyCorp saw noninterest income rise by slightly more than 4% during the first half of 2006, to $1 billion from $986 million during the like period in 2005. One reason, Key spokesman William C. Murschel said in an e-mail, is the company’s introduction last Sept. 1 of PayPass, a free technology that allows customers to pay for items by tapping their credit cards against special readers that extract payment information. National City Corp. also has gotten in on the latest round of new product introductions. Following the rollout last year of its Identity Protect service, which charges customers $8.95 a month to help guard against identity theft, the bank in March unveiled its rewards program, “points from National City.” Enrollment is free for the program, which allows customers to rack up points using their National City-issued credit card and encourages credit card use. “Fee income plays an important role in any rate environment,” which is why National City created the points program, said Lakhbir Lamba, executive vice president of consumer and small business lending. National City was the only major bank in Ohio reporting a decline in fee income in this year’s first half compared with the like period in 2005. Through the first six months of the year, its fee income totaled $1.4 billion, down 19%. “While we had fee income growth over the first quarter, the decrease in fee income year over year is largely the result of a swing in hedging results and (an) expected cyclical slowdown in mortgage volume,” spokeswoman Kelly Wagner Amen said in an e-mail. Q Range: Project set to help rejuvenate neighborhood continued from PAGE 3 worrying about your investments other It’s not that money isn’t important. Of course it is. Which is why experts should help you manage it. And the personal attention you’ll receive at Northern Trust makes us an excellent choice. A dedicated team of specialists will get to know you, and your goals. All of our resources — our teams of advisors, our technology — are focused on protecting and growing client assets. Because it’s your life, and your money. We think you should make the most of both. If you’d like to know more, call Newton S. Kimberly, Jr. at 216-937-2349 or visit northerntrust.com. Private Banking | Asset Management | Financial Planning | Trust Services | Estate Planning Services | Business Banking space to accommodate a additional product line it acquired from its sister company, Convotherm Elektrogerate GmbH of Germany. The combination steamer unit line augments Cleveland Range’s array of steamers, kettles and other commercial cooking equipment. Richard Cutler, Cleveland Range president, was traveling last week and was not available for comment. Cleveland Range, a subsidiary of British foodservice equipment manufacturer Enodis Corp., employs about 200. The company reported sales of $27 million last year. Mr. Polensek said with Cleveland Range set to occupy an entire city block, he expects the company and Collinwood to prosper together. “This is the kind of neighbor you want,” he said. “People say manufacturing is dead, but these are goodpaying jobs. Hey, you don’t want manufacturing jobs in your neighborhood? Send them over here.” Q CCLB MAIN 09-11-06 A 7 CCLB 9/8/06 3:59 PM Page 1 SEPTEMBER 11-17, 2006 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM Shortage of bank tellers basis of Tri-C program Often, the best investment advice is about what not to buy. Despite technology resulting in automation of many institutions’ functions, need still exists By JAY MILLER [email protected] Despite the rise in online banking and the use of automated teller machines, banks still must staff teller positions at their branches, but often have trouble finding people to fill those jobs. Cuyahoga Community College is responding to meet that need. Tri-C next month plans to launch a program, 21st Century Teller, to help provide qualified candidates for these entry-level positions. The short-run, nondegree program will give students 60 hours of training over four evenings for four weeks in basic math and accounting, banking and privacy regulations. It even will offer a little instruction in crossselling bank products. Robert Paponetti, vice president of Tri-C’s work force and economic development division, said the idea for the program sprang from conversations he had with bank officials about other programs. The work force division has a number of similar nondegree programs in fields ranging from nurse assistant to private security guard training. Because of new technology that has automated many banking transactions, Mr. Paponetti said, “You would think you don’t need bank tellers, but the banks are having difficulty because there is a lot of turnover.” So Tri-C talked with bank officials about curriculum needs and textbooks, Mr. Paponetti said. He noted that the school hopes to offer as many as five course cycles a year with 20 students in each class. “We thought this was a great idea,” said Maria Marrali, vice president of retail sales at First Federal Savings and Loan Association of Lakewood, one of the institutions consulted. “As people graduate, we can pull them in.” According to statistics compiled by the Ohio Department of Job and Family Services, Northeast Ohio banks will hire about 250 tellers a year between now and 2014, mostly to replace tellers who have moved up at their bank or moved out. The department estimates the average teller’s salary at $21,570. Ms. Marrali said First Federal, which has added offices in the last few years, has 25 to 40 teller openings to fill each year, underscoring the need for a program to train more people in the field. National City Corp. spokeswoman Kelly Wagner Amen said National City Bank executives were excited about the course Tri-C has created. “Our people thought the curriculum was very robust,” she said. Mr. Paponetti said the college is looking at adding a second banking program to train people to be loan originators. Q Warren Buffett – Chairman, Berkshire Hathaway Owner, CORT Furniture Rental If you look closely at your office furniture, you’ll probably notice, among other things, that it doesn’t appreciate. So buying isn’t always the best idea. In fact, renting is not only often tax deductible, it also frees up cash flow, which can be useful. For instance, you could buy other companies, as I did with CORT for Berkshire Hathaway. After all, CORT rents only quality office and residential furniture. Their service is extraordinary. They deliver and install orders within 48 hours. Considering its rather large upside, I give CORT a very strong recommendation. A BERKSHIRE HATHAWAY COMPANY 4698 Great Nor ther n Blvd | Nor th Olmsted, OH | 440-734-8400 | CORT1.COM CRAIN’S BLOGOSPHERE The place for insightful and edgy commentary about Cleveland, professional sports, the market and advertising. www.CrainsCleveland.com/blogs UH: Moving nonclinical activities off main campus a goal for UH continued from PAGE 1 for a looming, $1 billion construction program. The hospital system won approval Aug. 18 from the Cleveland City Planning Commission to demolish four main campus buildings, referred to as the former “nurses’ dorms,” to provide open space for the staging of construction equipment and materials. The buildings house some employees who aren’t directly involved in patient care, such as its marketing department. Principals in the potential transaction refused to discuss it. Rob Whitehouse, a University Hospitals spokesman, said the hospital system doesn’t have an agreement on a particular property and is considering several buildings for its back-office personnel requirements. He refused to confirm whether the former OfficeMax building is in that mix. However, Mr. Whitehouse did say it is UH’s goal to devote as much of the space as possible at the hospital system’s main campus to clinical activities and to move nonclinical activities to an off-campus location. Many of the office workers in the nurses’ dorms may stay in other offices on campus, he said, but others may be shifted to the off-campus location, although specific numbers are not available. Robert Roe, managing director of Staubach Co.’s Cleveland office, declined to disclose whether the brokerage is in talks about the OfficeMax building with University Hospitals, though he said the property has multiple suitors. He said the building doesn’t carry a stated asking price. OfficeMax spokesman Bill Bonner in Chicago did not return three calls for comment. The company announced last September that it planned to consolidate its Cleveland retail headquarters with a newly built corporate headquarters in Naperville, Ill. Boise Cascade Co. bought OfficeMax for $1.3 billion in December 2003 and adopted the OfficeMax name later. Patrick Campbell, Shaker Heights economic development director, also declined comment. Steve Egar, president of Egar Steiger Associates in Beachwood, said the OfficeMax building is one of just two available office buildings in the eastern suburbs that could accommodate an office requirement of 100,000 square feet or more. The other building that big that’s available is one of the former MBNA buildings in Beachwood that Bank of America is now marketing; insiders say it’s not now in the mix for UH. “The market’s the tightest on the East Side that it’s been in years,” Mr. Egar said. Q Hired 30 new employees Invested in new equipment Built a loyal customer base Protected the business with an emergency preparedness plan With ready.gov, the business you’ve worked so hard to build can be as prepared as possible should a disaster strike. Download free, easy-to-use checklists, templates and other resources to help you develop an affordable plan. Protect your life’s work—start or update your plan today. Becoming a success is hard work. Protecting it isn’t. www.ready.gov www.clevelandhealth.org/lpa 7 CCLB MAIN 09-11-06 A 8 CCLB 8 9/8/06 3:47 PM Page 1 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM SEPTEMBER 11-17, 2006 Malpractice: Insurers report improved market since passage of bill continued from PAGE 1 Cuyahoga County was especially hard hit, as local hospitals lost specialists such as obstetrician-gynecologists, neurosurgeons and cardiologists. That’s no longer the case, said Tim Maglione, senior director for government relations at the Ohio State Medical Association, the professional group for Ohio’s doctors. “We’re not getting the phone calls and letters from doctors who say they’ve got to pick up and leave Ohio,” he said. Mr. Maglione and Ms. Womer Benjamin both credit the moderation in malpractice rates to the tort reform bill that was passed by the state Legislature in 2003. The bill limited the amount of noneconomic damages awarded in medical malpractice cases to $250,000 or three times the plaintiff’s economic loss, not to exceed $350,000. Ms. Womer Benjamin said the CEOs of the five medical malpractice insurers that together account for an estimated 60% of the malpractice coverage in Ohio have told her in recent weeks that the market has “greatly improved” since the bill was enacted. “There has been a slight decrease in frequency of (malpractice) cases filed,” she said. “They are seeing fewer frivolous lawsuits.” Since the tort reform bill passed, there also haven’t been as many “runaway verdicts” that awarded huge sums of money to the plaintiffs in medical malpractice cases, Ms. Womer Benjamin said. Make way for new players The improved market even has prompted a sizable medical malpractice insurer to enter the Ohio market. Ace American Insurance Co. of Philadelphia last month partnered exclusively with Toledo-based insurance broker Hylant Group to market its insurance in Ohio for physicians, said Richard Hylant, president of Hylant Group Toledo. Ace provides medical liability insurance to individual physicians, hospitals and health systems, as well as to companies in the biotechnology, pharmaceutical, research and medical device fields. Ace’s interest in Ohio is quite a shift from a few years ago, when insurance companies were halting their medical malpractice business in the state due to high jury verdicts. Ms. Womer Benjamin said she has licensed one other company to issue medical malpractice insurance in Ohio in the last two years. Before that, new companies had not entered Ohio since the early 1990s, she said. Still, the Ohio medical liability market isn’t completely healed, said Dr. John Bastulli, an anesthesiologist at St. Vincent Charity Hospital and chairman of the legislative committee at the Academy of Medicine Cleveland/Northern Ohio Medical Association. The association represents 4,000 local physicians. “There are a large number of (med- ical) residents that aren’t going to stay in Ohio because of medical liability insurance,” and some don’t even want to train here, Dr. Bastulli said. Even the doctors who remain are struggling to pay rates that have stabilized at their peak, Dr. Bastulli said. That’s why the Ohio State Medical Association has refocused its energy on helping doctors better manage the costs of running their practices, Mr. Maglione said. “While rates may be stabilizing, they’re still very expensive,” he said. “Physicians have to find ways to not only keep up with that expense, but the economics of their practice.” Mr. Maglione said the association also is focusing on medical malpractice cases that go to court. Ohio law allows defendants to recoup the money they spent defending themselves in a lawsuit if the court deems that lawsuit frivolous. The association helps those defendants bring sanctions against the attorney who brought the frivolous case to court, he said. State keeps up the pressure Big business services for a small business budget. Business Checking with Cash Management. Ms. Womer Benjamin said the Ohio Department of Insurance also isn’t resting. The department has implemented more comprehensive reviews of insurance rates, and Ms. Womer Benjamin now personally reviews any property and casualty insurance rate change request that is 5% or more. This year also is the first year that each insurance company doing business in Ohio annually must justify its rates, even if the insurer isn’t requesting rate increases, she said. Meanwhile, Ohio doctors are pushing Senate Bill 88, which would establish a pilot project in Northeast Ohio under which all medical malpractice cases would go through a mandatory arbitration process before going to trial. Under the bill, which passed the Senate in May, each side in a medical malpractice complaint would select an arbiter, and a chairperson would choose a third person to serve on an arbitration panel. The idea is to reduce the time and money it takes to go to trial, as well as to deter frivolous lawsuits. Q STUFF Keying on students • Control payments with wire transfers and ACH • Earn money on your money with automatic sweep • Count on dedicated Business Bankers who come to you We think your smaller business deserves the same sophisticated banking services that big companies get. That’s why we offer Business Checking with Cash Management. It gives you all the great features larger companies enjoy, but at a price you can really afford. So you’ll have more control of your money and more time to focus on your business. To learn more, visit your nearest branch, go to charterone.com or call 1-866-252-4BIZ. Member FDIC. $100 minimum opening deposit required for Business Checking. All accounts and services subject to individual approval. See a banker for details. Cleveland bank among those mentioned by WSJ story about targeting students KeyCorp was among the companies mentioned in a Wall Street Journal story last week about how financial institutions “are swarming over college campuses, pushing promotions and free gifts to entice students to sign up for new bank accounts, credit cards and insurance policies.” The Journal reported that for many banks, “students represent one of the fastest growing business segments. Moreover, their research shows that a young adult who opens an account often remains a loyal customer for many years to come.” For opening a new student checking account, KeyCorp’s KeyBank is giving away a free iPod shuffle music player, the paper notes. The checking account has no monthly fees or minimumbalance requirements, and it reimburses up to $6 per month in ATM fees charged by other banks. CCLB MAIN 09-11-06 A 30 CCLB 30 9/7/06 2:14 PM Page 1 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM SEPTEMBER 11-17, 2006 LARGEST INDUSTRIAL PARKS RANKED BY TOTAL ACRES � Rank 1 2 3 3 3 6 6 8 9 10 11 12 13 14 14 16 17 18 19 20 21 21 23 24 25 26 27 Industrial Park Address STRONGSVILLE BUSINESS AND TECHNOLOGY PARK Total acres Number of acres occupied Number of businesses in park Business located in park Freeway access Owner/Developer Phone number Property manager Phone number 1,693 1,185 65 Avery Dennison, GE Advanced State Routes 82 City of Strongsville Materials, MCPc, Hy-Level Industries, and 42, I-71, 440-580-3100 Clark-Reliance Corp. I-80 City of Strongsville 440-580-3100 571 550 NA Conferon, Northcoast Color, Cima I-271, I-480 Plastics, Highland Equipment, Hurley and Assoc., Darrow Enterprises NA NA 400 250 41 Diebold Corp., Belden & Blake, I-77 Cintas, Lexington Technologies, The Ohio Lottery, Service Packaging DeHoff Development Co. 330-499-8153 DeHoff Development Co. 330-499-8153 400 370 17 American Heritage Billiards, Schwann’s, Aurora Plastics, Pods, Hammer Co. I-80, I-480 Geis Bros., New Venture Ltd. 330-528-3500 Geis Property Management 330-528-3500 LIVERPOOL INDUSTRIAL PARK � 400 300 12 MTD Products Inc., Shiloh Industries Inc., Independent Steel Co., Webb-Stiles Co. I-71, state Route 303 MTD Products Inc. 330-273-7440 NA NA FROST ROAD COMMERCE CENTER 350 320 24 L’Oreal, Venture Lighting, A. Duie Pyle Cos., Automated Packaging I-80, I-480 Geis Family Ltd. 330-528-3500 Geis Property Management 330-528-3500 350 50 13 Deming Enterprises Inc., Millonzi International, Lake County Water Dept., Clark Rubber State Routes 2 and 20, I-90 Deming V LLC 440-358-9440 Deming Resources LLC 440-358-9440 325 312 43 DeMag Plastics Group, PPG Industries, Atlantic Tool & Die, Resolve, Empco State routes 42 City of Strongsville and 82, I-71, 440-580-3100 I-80 285 115 9 Royal Appliance, Best Buy, Shaw I-271, I-480 Carpet, PMG of Ohio, Saeco USA, RIS Paper, Stride Tool, Home Depot First Industrial LP 216-986-2744 First Industrial Realty Trust Inc. 216-986-2744 269 169 NA K & M International , General Electric, I-480, I-271 Production Tool, Cavalier Cleaning System Inc., Developers Diversified Heritage Development Group 440-247-5400 Heritage Development Group 440-247-5400 258 249 32 ICI Paints, Cintas, National City Bank, Mirifex, Telsource, DHL State Routes 42 and 82, I-71, I-80 City of Strongsville 440-580-3100 City of Strongsville 440-580-3100 200 90 19 Pneumatic Scale-Akron Packaging Division, SpunFab Adhesive Fabrics, Graphic Arts Rubber Inc. State Route 8, I-76, I-77 City of Akron 330-375-2133 Office of Economic Development 330-375-2133 187 12 1 Fichtel & Sachs Industries Inc. I-80, I-90, Comrow Ltd. state Route 301, 440-324-9933 state Route 254 Comprehensive Development Solutions 419-425-9538 180 129 9 ASW Properties, Norwe Inc., Keystone Realty, ASC Industries, Wacker Chemical, Goodyear I-77 ASW Properties Ltd. 330-733-8107 180 90 12 KraftMaid Cabinetry Inc., Johnsonite, I-90, I-80 Sajar Plastics, Normandy Industries, Polychem, Mercury Plastics The Federal Improvement Co. NA 216-363-6429 NA 157 41 12 Argo-Tech Corp. Keene Building, I-90 Products, Pat Henry Group, Defense Contract Audit Agency, Eaglehead Mfg. Argo-Tech Corp. 216-692-6145 Argo-Tech Corp. 216-692-6145 150 143 8 Parker Hannifin Corp., E. C. Morris Corp., Ebner Furnaces Inc., Soprema Inc., Accel Group I-76 Frederick M. Shepperd 330-364-6222 NAI Cummins Real Estate 330-535-2661 147 31 NA Wills Trucking, All-Erection Crane, Fed-Ex I-77, I-271, I-80 NA NA NA NA 144 132 13 Filmco, McMaster Carr, Freedom Health, Mill Distributing, Segram Controls, Balancing Co. State Route 43, Beech Realty LLC I-80, I-480 330-562-1041 143 83 14 Invacare, Norlake, Elyria State Route 57, Logos Corp. Manufacturing, Tool & Die Systems, I-480 440-324-3550 Wolff Bros. Logos Realty Co. 440-324-3550 140 100 76 Hankook Tire, Goodrick De-Icing, Paychex, Prudential Financial, Bannot, Infocision Management Inc. I-77 & state Route 241 A & M Associates 330-896-3253 Cam Inc. 330-896-3253 140 40 8 Cisco Systems Inc., Corporate Express, OEConnection, Ikon Office Solutions, Equity Consultants I-77, I-271 M & P Associates 800-579-3253 CAM Inc. 800-579-3253 138 114 7 NA State Routes 2, Northern Ohio Associates LP 57 and 113, 212-580-7200 I-80, I-90 110 104 14 Applied Laser Technologies, Arrowhead I-480 Inc., EMX Industries, Erieview Metal Treating Co., Phoenix Steel City of Cleveland 216-664-2406 City of Cleveland 216-664-2406 109 49 12 Andrews Moving & Storage, UPS Logistics, Sky Bank, Maverick, FirstMerit Bank, International Paint I-77, I-80 Fogg 216-351-7976 Ray Fogg Corporate Properties LLC 216-351-7976 107 107 NA TCP, Crown Mold & Machine, Drossbach, Filmco Inc., Beck Manufacturing, Godfrey & Wing NA Beech Realty LLC 330-562-1041 Beech Realty LLC 330-562-1041 105 70 3 Great Lakes Cheese Co., Duramax, Electrolock Inc. State Route 422, Quad E LP I-480 NA Foltz Parkway, Strongsville 44149 TWINSBURG INDUSTRIAL PARK Highland Road/Enterprise Drive, Twinsburg 44087 AKCAN INDUSTRIAL PARK Mt. Pleasant and Mayfair Roads, City of Green 44720 INTERSTATE COMMERCE CENTER Mondial Parkway, Streetsboro 44241 Marks Road, Valley City 44280 I-480 & Frost Road, Streetsboro 44241 WIND POINT RESERVE CORPORATE CAMPUS P.O. Box 21, Perry 44081 PROGRESS DRIVE BUSINESS PARK Pearl Road and Westwood Drive, Strongsville 44149 EMERALD VALLEY BUSINESS PARK Cochran and Pettibone roads, Glenwillow 44139 MIDWAY INDUSTRIAL PARK Dutton & Midway Drives, Twinsburg 44087 DOW CIRCLE RESEARCH PARK Sprague Road, Strongsville 44136 ASCOT INDUSTRIAL PARK State Road, Akron 44223 FRENCH CREEK BUSINESS PARK East River Road, Sheffield Village 44054 CAK INTERNATIONAL BUSINESS PARK International Pkwy. & Global Gateway Drive, Green 44721 GEAUGA INDUSTRIAL PARK Industrial Parkway, Middlefield 44062 HERITAGE BUSINESS PARK 23555 Euclid Ave., Euclid 44117 QUANTAM CENTRE Greenwich Road, Wadsworth 44281 COLUMBIA ROAD INDUSTRIAL SUBDIVISION Columbia Road, Richfield Township 44286 AURORA INDUSTRIAL PARK I P.O. Box 404, Aurora 44241 TAYLOR WOODS INDUSTRIAL PARK Taylor Parkway, North Ridgeville 44035 AKRON CANTON CORPORATE PARK 1525 Corporate Woods Parkway, Green 44685 STONEGATE CORPORATE PARK Highlander Parkway, Richfield 44286 NORTHERN OHIO INDUSTRIAL PARK 1400 Lowell St., Elyria 44035 CLEVELAND INDUSTRIAL PARK Johnston Parkway and Seville Road, Cleveland 44128 BRECKSVILLE BUSINESS PARK West Snowville Road/Miller Road, Brecksville 44141 STREETSBORO INDUSTRIAL PARK P.O. Box 2490, Streetsboro 44241 TROY INDUSTRIAL PARK Troy Township 44234 ASW Properties Ltd. 330-733-8107 City of Strongsville 440-580-3100 Beech Realty LLC 330-562-1041 Northern Ohio Associates LP 419-342-2045 Great Lakes Cheese 440-834-2500 CCLB MAIN 09-11-06 A 31 CCLB 9/7/06 2:44 PM Page 1 SEPTEMBER 11-17, 2006 Rank 28 29 29 31 31 33 33 35 36 37 38 39 40 40 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM Industrial Park Address Total acres Number of acres occupied Number of businesses in park AURORA INDUSTRIAL PARK II 104 40 5 102 56 102 Freeway access Scope & Assoc., Jade-Sterling Steel, National Artcraft State Route 43, Beech Realty I-80, I-480 330-562-1041 Beech Realty 330-562-1041 NA Husqvarna/Viking, Industrial Electrical & Wire Co., Control Co., Westshore, Kindercare I-90 Beacon Westlake LLC 330-659-2040 Beacon Marshall Cos. 330-659-2040 102 36 Honeywell International, Federal Express, Weltman Weinberg & Reis, Dal-Tile, Virginia Tile, Hobart State Routes 17 and 176, I-77, I-480 Fogg 216-351-7976 Ray Fogg Corporate Properties LLC 216-351-7976 100 75 24 Hughes Supply, AIT, Tru-Green, Molly Maid, Advanced Plastics, Midway Manufacturing, Marathon Steel State Route 57, Logos Corp. I-90 440-324-3550 Logos Realty Co. 440-324-3550 100 40 10 NA State Routes 57 Shamrock Development and 10, I-480 440-926-3950 Shamrock Development 440-926-3950 98 32 2 Quality Mold Inc., AESCO Electronics Inc. I-76, I-77, City of Akron state Route 224 330-375-2133 Office of Economic Development 330-375-2133 98 94 30 Pat Catan’s, Health-Mor Industries Antares Management Solutions, Scholastic Book Fair State Routes 42 and 82, I-71, I-80 City of Strongsville 440-580-3100 City of Strongsville 440-580-3100 96 9 1 Noble Metal Processing-Ohio LLC State Route 8, I-76, I-77, I-80 Albrecht Inc. 330-376-6677 Grubb & Ellis 216-906-9690 94 76 7 The Ruhlin Co., Sharon I-71, I-77 Manufacturing, Cell-O-Core Co., M & G Polymers, Atlantic Tool and Die The Ruhlin Co. 330-239-2800 The Ruhlin Co. 330-239-2800 90 87 10 Cuyahoga County Board of Health, FDC, Progressive Inc., Sheet Metal Workers, Cleveland Plant & Flower Geis Family Ltd. 330-528-3500 Geis Property Management 330-528-3500 87 38 5 Panther Training, Panther I-71, I-76, Beacon South LLC Transportation, Blair Rubber, state Route 224 330-659-2040 J Marco Galleries, Atlantic Tool & Die Beacon Marshall Cos. 330-659-2050 86 86 9 NA I-71, I-77 Medina County Economic Development 330-722-9215 84 74 46 Dunkin Donuts, Charter One Bank, Netflix, Blockbuster Video, Concentra, Lennox, Frito-Lay State Route 176, Fogg I-71, I-90, 216-351-7976 I-480, I-490 84 55 NA Performance Elastomers, Astra I-76, I-80 Products, Highlander Logo Products Blindcrafters, Custom Quality Inc. Viking Parkway & Clemens Road, Westlake 44145 VALLEY BUSINESS PARK Keynote Circle, Brooklyn Heights 44131 MIDWAY INDUSTRIAL PARK Schaden Road, Elyria 44035 SHAMROCK/COMMERCE DRIVE INDUSTRIAL PARK State Route 57, Grafton 44044 MASSILLON ROAD INDUSTRIAL PARK State Route 241, Akron 44319 PARK 82 State Route 82 & Darice Parkway, Strongsville 44149 HUDSON DRIVE BUSINESS CAMPUS Hudson Drive and McCauley Road, Stow 44224 SHARON CENTER INDUSTRIAL PARK 6931 Ridge Road, Sharon Center 44274 PARMA COMMERCE CENTER West 130th St., Parma 44130 BEACON SOUTH State Route 3 & Panther Pkwy., Seville 44273 SHARON CORPORATE PARK I-71, I-480 1455 Wolf Creek Trail, Sharon Center 44274 JENNINGS FREEWAY INDUSTRIAL PARK Hinckley Industrial Parkway, Cleveland 44109 RAVENNA INDUSTRIAL State Route 88, Ravenna 44266 Crain’s Cleveland Business uses staff research and the most current references available to produce its listings, but there is no guarantee these listings are complete. We welcome all responses to our lists and will include omitted information or clarifications in coming issues. NA=Not Available. Industrial parks located in our coverage area of Cuyahoga, Geauga, Lake, Lorain, Medina, Portage and Summit counties with a minimum of 60 acres and with at least one business located on the property were surveyed. Information is from the 2005 Largest Industrial Parks list. Contact Deborah Hillyer, [email protected], to add an industrial park to the list. We Believe in Building Relationships that Last The Staubach Company is pleased to have represented St. Paul Travelers in its office relocation to 60,000 square feet in Park Center Plaza II in Independence. We appreciate the trust our clients place in our firm. Call us today to discuss your real estate needs! Great Lakes Region Corporate Services www.staubach.com (216) 861-7171 Property manager Phone number Business located in park P.O. Box 404, Aurora 44202 BEACON WESTLAKE Owner/Developer Phone number 31 Sharon Corporate Park Inc. NA James Hudson NA Business lists and the 2006 Book of Lists are available to purchase and download at www.crainscleveland.com/lists Ray Fogg Corporate Properties LLC 216-351-7976 NA NA LIST RESEARCHED BY DEBORAH W. HILLYER CCLB MAIN 09-11-06 A 32 CCLB 32 9/7/06 2:21 PM Page 1 CRAIN’S CLEVELAND BUSINESS Don Schwaller - Classified Manager Phone: (216) 771-5172 Fax: (216) 694-4264 E-mail: [email protected] WWW.CRAINSCLEVELAND.COM SEPTEMBER 11-17, 2006 REAL ESTATE INDUSTRIAL SPACE Copy Deadline: Wednesdays @ 3 p.m. All Ads Pre-Paid: Check or Credit Card COMMERCIAL SPACE IMMEDIATE OCCUPANCY AVON LAKE FOR SALE OR LEASE 16,900 sq. ft. expandable. Retail, industrial, automotive. 5 acres, 150 car parking. 6,150 sq. ft. a/c, showroom. Save time - find your new location on-line 440-934-0013 www.colliersomlistings.com &5(6&2 UHDOHVWDWH &RPPHUFLDO,QGXVWULDO Because smart & experienced beats smart every timesm ZZZFUHVFRUHDOHVWDWHFRP STREETSBORO PROPERTY 216.861.7200 www.colliersom.com FOR SALE OR LEASE Two cranes, 3 docks, 1 double door. 33,000 sq. ft. of Warehouse/Office Call Mr. King @ 330 995-1081 INVESTMENT PROPERTY BEDFORD HEIGHTS Dental Office REAL ESTATE SERVICES 1635 sq. ft. beautifully decorated and ready for your cabinets & equipment! Medical/Professional office building located on Northfield Road south of Libby with easy access to I-271 & I-480. Available immediately. PRIME I-X CENTER WAREHOUSE FOR LEASE Secured Multi-Use, t to Ea en d Multi-Tenant Space. jac elan s to Acce sy d A lev in I I-9 71, ss C opk rt 0 & I-7 AVAILABLE FOR LEASE H irpo I-4 7, A 80 • 185,000 sq. ft., 11 docks, 1 drive-in door. • 200,000 sq. ft., 3 docks, 1 freight elevator. • Will subdivide, minimum 75,000 sq. ft. Brad Gentille 216/265-2536 or Kevin Scheiferstein 216/265-2585 Global commercial real estate expertise 216-475-9255 for information. Loading Dock Services Service, Maintenance and Sales of Dock Levelers, Bumpers, Seals, Truck Restraints and Metal Stairs. Free Inspections and Estimates. 800-34-DOCKS / 440-729-0380 E-MAIL OR FAX US YOUR AD... E-MAIL: [email protected] FAX: (216) 694-4264 LUXURY PROPERTIES CCLB MAIN 09-11-06 A 33 CCLB 9/7/06 2:25 PM Page 1 SEPTEMBER 11-17, 2006 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM 33 REAL ESTATE OFFICE SPACE OFFICE/WAREHOUSE SPACE FOR LEASE OFFICE - RETAIL - MEDICAL - INDUSTRIAL PRIME LOCATIONS IN: LAKE COUNTY 400SF - 85,000SF Euclid Office/Medical Building 26250-26300 Euclid Avenue • Euclid Suites available from 300 to 30,000 sf Flexible Terms and Attractive Rates Many Amenities Great Access to I-90 and I-271 Rico Pietro • 216.525.1473 CRESCO real estate BRANCH OUT TO AKRON! BROKERS WELCOME 440-942-8770 Caxton Building Downtown OWN/LEASE 27,000 S.F. BUILDING. HIGH PROFILE, HIGH TRAFFIC. ADJACENT TO MAJOR FREEWAYS. GREAT SIGNAGE. 2.5 ACRES. 100+ PARKING. OFFICES, DOCKS, SHOWROOM. FAVORABLE FINANCING. NEW SPACE 513 Sq. Ft. Office 1,100 Sq. Ft. Warehouse $137,500 Office space also available 2,100 SF to 10,000 SF .5 Mile To I-480/Turnpike North Ridgeville 440-327-3030 440-248-1950 $400 O FFICE S PACE D OWNTOWN FOR LEASE Karen Baluch 216.905.1115 www.evbco.com RETAIL SPACE McFarland Corners LAND Adjacent to Heinens 10,930 square feet - will divide Bainbridge Richmond Plaza PEPPER PIKE 888-857-2817 ext. 166 OFFICE/WAREHOUSE I-271 & Beta Drive * 6 MONTHS FREE * 5,840 sq. ft. with a dock & drive-in 1,800 - 6,000 Sq. Ft. immediate occupancy or up to 32,000 Sq. Ft. build to suit Tyler Blvd., Mentor 3,870 - 4,500 sq. ft. CALL CAPUTO BROS. 440-461-5910 (216) 291-1411 DON’T FORGET: Prime Retail Space E. 4th Street Downtown Cleveland Next To House of Blues Take A Look e4thstreet.cicerchi.com Crain’s Cleveland Business on-line @ CrainsCleveland.com 216-281-1500 For all the latest business news...online Richmond Heights CEDAR ROAD TOWNHOUSE DISTRICT 2400 sf / $1100 FOR LEASE Miner Rd. Highland Hts. RETAIL SPACE Many Locations Conference Rooms, WiFi Included, Office Center & Kitchenette. Secretarial Available! *300-12,000 Sq. Ft. *Indoor Parking * Great Rates Office/Warehouse for Lease Home Ave. @ Evans 1200 sf / $600 EXCELLENT OPPORTUNITY! Across from Richmond Towne Mall 2,500 square feet Zoned five homes / acre 8.9 acres, $350,000 / acre Information Package CALL CAPUTO BROS. 440.442.4743 (216) 291-1411 For daily on-line updates, sign up @ CrainsCleveland.com/Daily LUXURY PROPERTIES Western Reserve Land Conservancy Let your home be your sanctuary SMASHING DOWNTOWN TOWNHOME! NEWBURY: Vacant Land 67-ACRE MAPLE RIDGE - This 100% wooded property is ideal to build that log or timber frame home. Young growth woods make up the front 22 acres and mature mixed beech and maple forest makes up the remaining 45 acres. It is adjacent to the Geauga Park District's Rookery and contains dramatic rock outcroppings in the northeast corner of the property. Wild life Price: $775,000 abounds on this sanctuary property. Spectacular home with every imaginable upgrade! 4 level dream townhome with one of a kind roof top deck with 360 river and city views! Extra Large 4th floor gathering room (18 x 27)! 2 story living room with floor to ceiling windows, luxurious master suite with fireplace, gourmet kitchen with granite! Tax abated! Much Much More! Downtown Glamour without high rise living! Two units available from $489,900. PROGRESSIVE URBAN REAL ESTATE 216.375.7060 Jean Mackenzie Western Reserve Land Conservancy (440) 729-9621 or email - [email protected] Return to a more genteel age. Fabulous French Normandy home w/6 bedrooms, 3.5 baths and loads of fine architectural detail. Newer kitchen and baths. $499,000 2985 Morley Rd. Shaker Hts. Open House, Sunday September 17 1-3 PM Ted Theophylactos Because this is a conservation property, the buyer may potentially realize significant tax benefits. For more information about our Conservation Buyer Program or to walk this property, please call: Eleven beautiful acres come w/this impeccably maintained Cape Cod in prestigious Waite Hill. 4 bedrooms, 2.5 baths including spacious 1st floor master suite. $695,000 7067 South Lane Waite Hill Cathy LeSueur, ABR, CRS, GRI 216-999-8408 PRISTINE LAKEFRONT SPLENDOR JUST REDUCED BY $350,000 1300 Lake Road Conneaut $2,000,000 Boston Hts. Magnificant 7 bdrm, 7.5 bath home offers 12,500 sq ft. of superb living space. 2.66 acres! SECLUDED COUNTRY RETREAT 5260 Arbor Drive Kingsville Twp. $569,900 North Carolina Mountains!! New log cabin $149,900. Easy to finsh interior. Minutes to lakes, State Park, great golf, fishing and more. Mountain parcels from 1 to 5 acres with spectacular views!! $39,900 to $129,900. Paved roads, utilities and easy financing. Call 828-652-8700 Situated on 43 wooded acres, 2,700 ft. of Ashtabula River frontage. Secluded and scenic! SPECTACULAR HORSE PROPERTY! 4 br 3.5 bath remodeled colonial. 1st floor master suite bath, 1.5 ac lakefront lot. $296,000. HomesToComeHomeTo.com John 216-319-0123 owner/agent 9305 Mentor Road Chardon $549,900 Equestrians Dream! 9.5 Acres! State of the Art 4 stall barn! 3 Pastures, picturesque, scenic and secluded! Contact Joseph A. Zingales of Howard Hanna Smythe, Cramer Co. 440-346-2031 ATTENTION REALTORS: Inquire about our special discount rates in Crain’s Cleveland Business’ Luxury Property section. Contact Don Schwaller at 216.771.5172 Unique 1.5 AC lot with FREE GAS to build your dream home. Woods, ravine, cul-de-sac, water/sewer. $195,000. HomesToComeHomeTo.com John 216-319-0123 owner/agent [email protected] C L A S S I F I E D C O N T I N U E D O N P A G E 3 4 ➤ CCLB MAIN 09-11-06 A 34 CCLB 34 9/8/06 3:35 PM Page 1 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM SEPTEMBER 11-17, 2006 Sports: Networks facing off over Browns coverage continued from PAGE 3 “We’re not giving up on any season,” he said. “We’re not throwing in the towel and saying we’ll give them (SportsTime Ohio) the summer. We’ve really moved on from” losing the Indians’ TV rights, he said. There’s also the matter of the Cavaliers: Where FSN Ohio will look to ride the team’s popularity as it did during last spring’s playoff run, SportsTime Ohio for the moment is stuck without coverage of its Gateway neighbors. “We actually have called the NBA to see if we can have (Cavaliers) highlight rights, because a weekly show would be great,” Mr. Liberatore said. “They don’t know if that’s going to be available to us.” The good news, Mr. Liberatore noted, is that between the Browns and Ohio State, lack of Cavs coverage shouldn’t be an issue until early next year. He admitted, though, that between the end of football season and the start of spring training, it looks like “January and February could become tough months” for the network. Another wild card in SportsTime Ohio’s deck is its master control center, which is under construction at partner station WKYC-TV, Channel 3, and should be completed by the end of the year. When that happens, the network will add six hours to its programming block and run from noon to midnight. Its fall programming block currently begins at 6 p.m. In separate conversations, both network leaders take casual swipes at the other’s programming: Mr. Liberatore pokes at FSN Ohio’s reliance on corporate backing and non-local shows, while Mr. Liverani digs at SportsTime Ohio’s smallniche offerings such as the mixedmartial-arts Ohio Fight Fest and Cleveland All-Pro Wrestling. The NFL, though, is providing the arena where the two networks truly will battle head-to-head. With all the Browns games broadcast through CBS or Fox’s national networks, FSN Ohio and SportsTime Ohio are hitting the beat everywhere except on the playing field. Both worked the Browns training camp angle hard. Both will push complete coverage of coach Romeo Crennel’s weekly press conferences, and both will air Browns discussion shows featuring current and former players. FSN Ohio also plans to air a 10-part “behind the scenes” series on Braylon Edwards, and will adapt its Cleveland Rants talk show — originally aimed at the post-Indians game audience — for the football season. Q CLASSIFIEDS BUSINESS SERVICES Datacore EMC CX500 Clariion Enterprise Storage System • Like New! • 40U Rack Cabinet We Do I.T. Our mission is to create mutually beneficial long term relationships based on trust and respect. www.Datacoreonline.com INVESTMENT OPPORTUNITY BUSINESSES FOR SALE Restaurant for Sale The established Golden Anchor restaurant and bar is located in the heart of Conneaut, Ohio. With over 8000 sq. ft. of combined restaurant and living quarters, the property consists of a dining room, bar/billiard room and private banquet room. Price includes building and attributes. Contact Joseph A. Zingales of Howard Hanna Smythe, Cramer Co. 440-346-2031 EMPIRE BUSINESS ASSOCIATES Automated Machinery Mfg. Authorized Dealer of Professional Dictating Systems Industrial Tool Distributor Fabrication Company CNC Machine Shop Distributor/Mfg. of Lab Equipment Designer &Builder of Machinery Information Technology Company Marina Equipment Manufacturer For additional information go to www.empirebusinesses.com or call 216-462-0161 SPORTS & ENTERTAINMENT BROWNS CLUB SEATS NE Ohio company with large multi-million dollar DOD contract in need of expansion capital. Willing to pay prime plus 5% for 18 months. Two seats for the 2006/2007 season. (No PSL) 45 Yard-Line Call 440-259-5200 x 3262 • Still on shipping pallet • $26,000 Call Bob 440-343-4308 Call 440/543-2211 or exoticplantworks.com Have a Service to offer? Discount rates are now available. Contact Don Schwaller at 216.771-5172 Crain’s Executive Recruiter Jacobs Field Suite (Press Level) Individual games available. Classified Ads WORK! • 16 x 2GB Fibre Switch Let us help you to choose healthy, attractive plants and containers for your work space. 24 yrs. experience working with Cleveland professionals. Find additional customers in Crain’s Cleveland Business’ Business Services. INCOME STREAM INVESTMENT PLEASE ASK FOR BOB 330 995-1081 • 2.6TB Storage (146GB 10K Disks) Here come the office plants…. Contact Fran at 440-716-8042 or [email protected] PUBLIC NOTICE Request For Qualifications The City of Brunswick, Ohio, is seeking Statements of Qualifications from qualified firms for architectural, engineering and design services for the purposes of constructing a New Brunswick Regional Advanced Education and Professional Center located at the Town Center on Center Road. The City plans to retain ownership of land with a minimal lease to Developer/Owner of building. Qualification statement and information packets may be obtained from Julie Murawski, Administrative Services Coordinator 330-2259144. The proposed project is for a state-of-the-art 50,000 - 60,000 sq.ft. 3-story facility with a probable estimate of construction cost of $8 - $12 million. Proposals must be received by 12:00 noon EST on Tuesday, October 3, 2006. Proposals will be immediately opened. No late proposals will be accepted. Firms shall be evaluated and selected based on their qualifications to provide the requested services. The City reserves the right to reject any and all proposals. Robert A. Zienkowski City Manager Marketing Director Consider joining the premier source of business news in Southeast Michigan, Crain’s Detroit Business. We are searching for a Marketing Director to lead the marketing and promotions efforts of the leading business publication in metro Detroit. The Marketing Director is responsible for developing and implementing a comprehensive marketing strategy for Crain’s Detroit Business and its growing portfolio of online and special event products. This role is responsible for market research to help position Crain’s Detroit Business, as well as primary responsibility for creating promotional materials to support advertising sales. The Marketing Director also oversees an in-house team that produces receptions and special events tied to themed sections in the print publication as well as online webinars and other promotions. The Marketing Director will also support strategies for readership development for print and online products. Media/marketing experience is helpful. Experience using multiple channels to promote a brand is a must. If you have a strong copy writing skills and a record of brand building, if you are familiar with current and emerging integrated marketing and media strategies, possess excellent project management and organizational skills and hold a bachelor’s degree in Marketing, Communications, Advertising or related field, seriously consider this opportunity. You must have at least 10 years of related experience. B-to-B marketing experience is preferred. This is a great time to join our organization -a profitable, well established publishing leader -- as we embrace the digital publishing age. Resumes with cover letters may be submitted to detroit_jobs@ crain.com . Crain Communications Inc is an Equal Opportunity Employer To place your Executive Recruiter ad Call Don Schwaller at 216-771-5172 CCLB MAIN 09-11-06 A 35 CCLB 9/8/06 4:50 PM Page 1 SEPTEMBER 11-17, 2006 CRAIN’S CLEVELAND BUSINESS WWW.CRAINSCLEVELAND.COM 35 THEINSIDER THEWEEK REPORTERS’ NOTEBOOK BEHIND THE NEWS WITH CRAIN’S WRITERS SEPTEMBER 4 - 10 Eat up, Peter … Peter? The big story: National City Corp. is selling Q All three Cuyahoga County commissioners were late to their regularly scheduled 10 a.m. meeting last Thursday, but they had an excuse. They were serving pancakes on Public Square at the United Way Services campaign kickoff and pancake breakfast. Apparently, though, president Jimmy Dimora noticed his colleagues, commissioners Tim Hagan and Peter Lawson Jones, hadn’t had time for their own breakfasts. So, as the meeting was starting at about 10:20 a.m., he produced two pancake-filled styrofoam boxes. “I made those myself,” the bearded Mr. Dimora announced as Mr. Hagan began to eat. “Hopefully, there’s no hair in them.” Mr. Hagan continued his breakfast. Mr. Jones left his pancakes untouched. — Jay Miller sub-prime lending subsidiary First Franklin Financial Corp. and its affiliated units to Merrill Lynch & Co. for $1.3 billion. Merrill Lynch also will pay $5.6 billion to acquire First Franklin-originated loans valued at the same amount from National City’s portfolio. National City will see a pre-tax gain from the transaction of about $1 billion, or around $1 a share after taxes. The other big banking story: KeyCorp has agreed to sell its McDonald Investments branch network to UBS Financial Services Inc. in a $280 million deal. McDonald’s branch network includes about 340 financial advisers and support staff spread across 51 offices in 14 states. The sale involves only McDonald Investments’ branch network. McDonald’s former institutional businesses, including investment banking, debt and equity capital markets, public finance and research, will remain part of KeyBanc Capital Markets. A big boost: University Hospitals’ Case Medical Center received $5 million from The Murdough Foundation to help the hospital’s Department of Dermatology improve research, treatment and education on psoriasis, a chronic genetic disease that affects the skin and joints. The foundation, in Hudson, is headed by Thomas Murdough Jr., a UH board member and founder and CEO of toy maker The Step2 Co. in Streetsboro. Q So, Mrs. Fields is turning 30 next year, and she’s cooking up a makeover, starting in Cleveland. The cookie franchise based in Salt Lake City, Utah, has launched its redesign at its Great Northern Mall location. Besides a more WHAT’S NEW STOCKS To keep up with local business news as it happens, visit www.crainscleveland.com. in the Election Day process will help solve the worker shortage at the Board of Elections that exacerbated problems at the polls during last May’s primary election. It’s legal because of a little-noticed section in a law passed by the Ohio General Assembly in 2004. The provision helped Ohio law conform to the Help America Vote Act passed by Congress in 2002. Election judges are paid $122 for work on Election Day. County workers will attend training on their own time. — Jay Miller It isn’t a happy story, but it isn’t all sad, either Q The Federal Open Market Committee is going to get a primer on Cleveland’s economy when the committee meets Sept. 19. During the “economic go-round” that is part of each meeting, committee members present anecdotal evidence, gathered from daily meetings with business leaders, from their particular regions of the country to help the group get a sense of the nation’s economy. It sounds as though Sandra Pianalto, president and CEO of the Federal Reserve Bank of Cleveland, will have a good news/bad news tale to tell. “Some of the companies operating internationally tell me business is strong, but if you are located just here regionally, it’s not as strong as we’re seeing it nationally, ” Ms. Pianalto said during an Aug. 31 interview. She cited a slowing housing market and rising energy prices as reasons why Northeast Ohio isn’t performing as well as the country as a whole. — Shawn A. Turner 10 BEST PERFORMERS COMPANY Net FLX: A Case Western Reserve University For the record: Cuyahoga Community College broke ground on a $6 million Health Technologies Center at its Western Campus in Parma. The 28,000-square-foot building will house programs in fields such as diagnostic medical sonography, electroneurodiagnostics and nuclear medicine. … Goodyear Tire & Rubber Co. plans to sell its global tire fabric operations to South Korea’s Hyosung Corp. for about $80 million. The 1,000employee tire fabric division includes manufacturing plants and other assets in Decatur, Ala.; Utica, N.Y.; Americana, Brazil; and Colmar-Berg, Luxembourg. … Eaton Corp. has bought the Ronningen Petter industrial fine filtration business of Tulsa-based Dover Resources for an undisclosed sum. Eaton said the acquired business is based in Portage, Mich., and posted $30 million in sales last year. As long as they don’t vote twice, everything will be cool QAs many as 600 Cuyahoga County employees will be double dipping on Election Day. And it’s legal. Last week, county commissioners approved a “Poll Worker Leave Program” that allows county employees to work at the polls Nov. 7 and be paid by the county Board of Elections as poll workers. They also will be paid their regular county pay for that day. The hope is that involving county employees Mrs. Fields gets a facelift, sans Botox Keep on truckin’: Trucking logistics software provider TMW Systems Inc. of Beachwood acquired a Canadian competitor for an undisclosed sum. The acquisition of Maddocks Systems Inc. of Vancouver, British Columbia, enables TMW Systems to expand its product and service lines, as well as customer base and software engineering expertise. The combined company has more than 250 employees and sales topping $40 million. spinoff that makes sensors received a $400,000 investment commitment from nonprofit venture development group JumpStart Inc. FLX Micro Inc. of Cleveland plans to use the money to aid in commercializing its microsensors, which are designed to be used in harsh environments such as automotive engines. Cleveland venture capital firm Early Stage Partners also invested an undisclosed amount of money into FLX Micro. “indulgent” look and feel, said Mrs. Fields brand manager Lesley Snavely, the new Mrs. Fields will expand its made-to-order menu with a beverage line. Ms. Snavely said Cleveland was chosen for the redesign launch because it’s “really a great representation of our national (consumer) environment.” Of course, it probably didn’t hurt that Ms. Snavely is a native of Shelby, and her mom lives in Vermilion. For a couple months, the North Olmsted store will be the lone redesigned representative in the 400-store Mrs. Fields lineup, as the company gathers feedback and readies to take the changeover nationwide. The Great Northern location had a soft opening last week. A grand opening is set for Sept. 16. — John Booth COMPANY: ShieldMark Inc., Cleveland PRODUCT: MightyLine ShieldMark aims to keep customers on a straight path with MightyLine, a line of durable peel-and-stick aisleway striping products that the company bills as an alternative to painted floor lines in industrial operations. MightyLine is made of extruded PVC with a pressure-sensitive adhesive backing. A patent-pending system features an easy-on applicator with an adjustable laser. The applicator, which can be purchased or rented, can install 1,500 feet of striping in an hour or less. The product is available in seven standard colors — red, white, blue, black, yellow, orange and green — or it can be matched to any company’s colors with a 24-roll order. A luminescent sister product, MightyGlow, comes in yellow and red with various colored lines through the center. It’s designed to make it easier for workers to navigate a plant in the event of a power outage. Mighty Line and MightyGlow are produced in 2-, 3-, 4- and 6-inch widths on 100-foot rolls. For information, visit www.mightyline.net. Send new product information to [email protected]. 1. Penton Media Inc. (PTON) 2. Chart Industries Inc. (GTLS) 3. Goodyear Tire & Rubber Co. (GT) 4. Associated Estates Realty (AEC) 5. U-Store-It Trust (YSI) 6. DataTrak International Inc. (DATA) 7. Sherwin-Williams Co. (SHW) 8. Developers Diversified Realty (DDR) 9. Jo-Ann Stores Inc. (JAS) 10. Park-Ohio Holdings Corp. (PKOH) CLOSE 9/8 WEEK’S % CHANGE 52-WK HIGH 52-WK LOW 0.70 13.91 14.57 14.85 20.44 6.10 52.75 54.88 15.77 13.96 22.81 7.08 5.81 4.43 4.23 3.39 2.61 2.43 2.20 1.90 0.77 16.60 19.31 14.89 22.39 12.74 54.12 56.99 20.46 21.36 0.20 11.43 9.75 8.65 15.90 5.50 37.40 42.03 10.98 12.72 CLOSE 9/8 WEEK’S % CHANGE 52-WK HIGH 52-WK LOW 25.55 12.14 26.24 10.95 22.03 22.59 36.34 23.32 25.41 22.61 -6.65 -5.45 -4.69 -4.03 -3.50 -3.13 -2.96 -2.91 -2.76 -2.75 39.49 15.49 28.67 16.30 31.67 43.82 55.18 28.26 32.80 28.25 15.16 9.77 14.44 10.77 20.41 19.78 31.39 21.28 15.51 20.89 CLOSE 9/8 WK’S VOL. (in thousands) 52-WK HIGH 52-WK LOW 14.57 34.97 24.23 52.75 36.62 55.78 66.46 74.91 36.34 8.84 10,786 8,840 6,408 4,007 3,877 2,906 2,585 2,099 1,564 1,482 19.31 40.00 31.23 54.12 38.31 57.48 79.98 86.99 55.18 9.89 9.75 29.75 22.18 37.40 30.10 45.78 56.65 60.73 31.39 5.31 10 WEAKEST PERFORMERS COMPANY 1. Olympic Steel Inc. (ZEUS) 2. Hawk Corp. (HWK) 3. Brush Engineered Materials (BW) 4. Keithley Instruments Inc. (KEI) 5. Applied Industrial Technologies (AIT) 6. Invacare Corp. (IVC) 7. Cleveland-Cliffs Inc. (CLF) 8. Steris Corp. (STE) 9. Lamson & Sessions Co. (LMS) 10. FirstMerit Corp. (FMER) 10 MOST ACTIVE COMPANY 1. Goodyear Tire & Rubber Co. (GT) 2. National City Corp. (NCC) 3. Progressive Corp. (PGR) 4. Sherwin-Williams Co. (SHW) 5. KeyCorp (KEY) 6. FirstEnergy Corp. (FE) 7. Eaton Corp. (ETN) 8. Parker Hannifin Corp. (PH) 9. Cleveland-Cliffs Inc. (CLF) 10. PolyOne Corp. (POL) Source: FinancialContent Inc. CCLB MAIN 09-11-06 A 36 CCLB 9/8/06 11:40 AM Page 1 Years of dedication yield an all-new sports coupe experience: the BMW 3 Series Coupe for 2007. 328i xDrive is now available in the 328Xi. On smooth, dry roads, xDrive gives you a sporty, rear-wheel feel. But hit the wet or snow-covered road, and xDrive automatically sends more torque to the axle and more traction. 335i The new powerplant is a first in a production BMW; the revolutionary twin-turbo. 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