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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