Crains New York - February 18, 2013 - (Page 1)
CRAIN’S
NEW YORK BUSINESS
VOL. XXIX, NO. 7
TALE OF A
TROUBLED
OPERA And you
know how most
operas end P. 29
®
WWW.CRAINSNEWYORK.COM
FEBRUARY 18-24, 2013 PRICE: $3.00
DIGITAL NY
A tech
migration
downtown
Government grants
aim for critical mass
in Sandy-hit area
BY ANNIE KARNI
Lower Manhattan, long thought of as
a sterile office-tower environment
lacking the nightlife to attract young
and dynamic companies,could become
the next hot tech neighborhood.Twenty firms, mostly in the technology field,
have submitted plans to open offices
south of Chambers Street and will receive city grants from $10,000 to
$250,000, Crain’s has learned.
The city’s Economic Development
See TECH on Page 26
david neff
JOHN KANAS:
A failed Florida
thrift is the New
York banker’s
vehicle for a
comeback.
Look who’s back
NEWSPAPER
John Kanas made
North Fork Bancorp
a community banking
success story. He’s
ready for Chapter 2
BY AARON ELSTEIN
John Kanas, the city’s most successful
community banker over the past 30
years, is returning to New York.The executive who sold North Fork Bancorp
for a whopping $14 billion just before
the financial crisis hit is now carrying
E-hail apps
stall in taxi
pileup
Software makers bail
on innovating rides
amid roadblocks
BY ALI ELKIN
the banner of BankUnited Inc., a failed
Florida thrift that he bought for a firesale price in 2009.
Mr.Kanas’new bank is slated to open
its first three branches in Manhattan in
the coming weeks, plus another on his
home turf of Long Island. As part of
They came from Silicon MORE
Valley and Tel Aviv, from NYC
London and the Flatiron TECH
district. Fortune 500s— NEWS:
IBM, Microsoft and PAGES
Citi—showed up, as did 3, 4
well-funded startups and
scrappy one-man shops.
Fifty or so companies were drawn
to the meeting with the Taxi and Limousine Commission last April by one
thing: the prospect of lucrative taxi in-
See KANAS on Page 28
See TAXI on Page 26
REPORT REAL ESTATE
THE LIST
Lenders loosen purse strings. Plus: bending
the rules for illegal housing PAGE 15
CoStar’s top Manhattan
office leases PAGE 16
http://WWW.CRAINSNEWYORK.COM
Table of Contents for the Digital Edition of Crains New York - February 18, 2013
DIGITAL NY
IN THE BOROUGHS
IN THE MARKETS
the insider
BUSINESS PEOPLE
OPINION
GREG DAVID
SMALL BUSINESS
REPORT: REAL ESTATE
THE LIST
CLASSIFIEDS
FOR THE RECORD
NEW YORK, NEW YORK
SOURCE SNACK
OUT AND ABOUT
SNAPS
Crains New York - February 18, 2013
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