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tennessean says cleveland 'scores first' in med-mart battle
Writing for the Tennessean, business health care reporter Getahn Ward claims that "Cleveland scores first in medical mart race with Nashville."
Following a momentous ground breaking where a laundry list of prospective tenants, conferences, conventions and trade shows planned for the $465 million mart and convention center were announced, Ward writes that Cleveland "scored major points" in the med-mart public relations battle battle.
Jorge Lagueruela, president of North Carolina's Trinity Furniture, a future tenant of Cleveland's Medical Mart, goes so far as to predict Cleveland's position as national leader in the field:
"Cleveland is doing it. Nashville is talking about it," Hughes is quoted as saying. "From the standpoint of the health-care industry, Cleveland is going to become the hub in the United States, and this new center is going to be the beacon for that."
Shrugging off concerns that Nashville is behind, with very few actual commitments, Nashville mart leasing consultant Jeff Haynes says, "Historically, Nashville hasn't been a pre-leasing market. In any asset class, people normally want to see the brick-and-mortar and to touch the facility. As the new convention center nears completion, then your leasing velocity will intensify and increase for the medical mart."
Michael Hughes, the managing director of research and consulting at Red 7 Media in Scottsdale called Cleveland's list of conventions impressive, adding that a successful medical convention and meetings business probably will drive permanent showroom leases.
Read the whole report here.
Following a momentous ground breaking where a laundry list of prospective tenants, conferences, conventions and trade shows planned for the $465 million mart and convention center were announced, Ward writes that Cleveland "scored major points" in the med-mart public relations battle battle.
Jorge Lagueruela, president of North Carolina's Trinity Furniture, a future tenant of Cleveland's Medical Mart, goes so far as to predict Cleveland's position as national leader in the field:
"Cleveland is doing it. Nashville is talking about it," Hughes is quoted as saying. "From the standpoint of the health-care industry, Cleveland is going to become the hub in the United States, and this new center is going to be the beacon for that."
Shrugging off concerns that Nashville is behind, with very few actual commitments, Nashville mart leasing consultant Jeff Haynes says, "Historically, Nashville hasn't been a pre-leasing market. In any asset class, people normally want to see the brick-and-mortar and to touch the facility. As the new convention center nears completion, then your leasing velocity will intensify and increase for the medical mart."
Michael Hughes, the managing director of research and consulting at Red 7 Media in Scottsdale called Cleveland's list of conventions impressive, adding that a successful medical convention and meetings business probably will drive permanent showroom leases.
Read the whole report here.
This year, Cleveland film buffs will have an even better excuse to take the week off to watch movies at the 2011 Cleveland International Film Festival (CIFF).
For the first time in its 35 year history, CIFF is leasing all 11 theaters at Tower City Cinemas in Tower City Center. The expansion will accommodate the growing number of ticket-holders during the 11-day event, which will be held this year from March 24th through April 3rd.
Have you been looking forward this winter to spending one of Cleveland's bleakest months watching movies for 10 hours a day? This year, you'll have even more chances to catch your favorite flicks, says Patrick Shepherd, Associate Director of the Cleveland Film Society (CFS), the nonprofit that organizes the festival.
CIFF attendance and film entries have more than doubled since 2003, Shepherd says, providing the requisite market demand to justify leasing all 11 theaters in Tower City Cinemas. Last year's record turnout of 71,500 admissions made it possible to offer more showings of sell-out films.
"Last year, we sold a record number of stand-by tickets," Shepherd explains. "We're not increasing the number of films we're showing -- instead, we're expanding our capacity by offering more screenings, and by showing sell-out films in two theatres at once."
CIFF program guides will be available throughout Northeast Ohio during the week of February 28th. Tickets will go on sale to CIFF members on Friday, March 4th. Non-members can purchase tickets beginning on Friday, March 11th.
On top of offering patrons a chance to see films from around the world, the CIFF provides a boost to downtown Cleveland. "We are increasing our already significant economic impact on downtown," Shepherd says.
Source: Patrick Shepherd
Writer: Lee Chilcote
For the first time in its 35 year history, CIFF is leasing all 11 theaters at Tower City Cinemas in Tower City Center. The expansion will accommodate the growing number of ticket-holders during the 11-day event, which will be held this year from March 24th through April 3rd.
Have you been looking forward this winter to spending one of Cleveland's bleakest months watching movies for 10 hours a day? This year, you'll have even more chances to catch your favorite flicks, says Patrick Shepherd, Associate Director of the Cleveland Film Society (CFS), the nonprofit that organizes the festival.
CIFF attendance and film entries have more than doubled since 2003, Shepherd says, providing the requisite market demand to justify leasing all 11 theaters in Tower City Cinemas. Last year's record turnout of 71,500 admissions made it possible to offer more showings of sell-out films.
"Last year, we sold a record number of stand-by tickets," Shepherd explains. "We're not increasing the number of films we're showing -- instead, we're expanding our capacity by offering more screenings, and by showing sell-out films in two theatres at once."
CIFF program guides will be available throughout Northeast Ohio during the week of February 28th. Tickets will go on sale to CIFF members on Friday, March 4th. Non-members can purchase tickets beginning on Friday, March 11th.
On top of offering patrons a chance to see films from around the world, the CIFF provides a boost to downtown Cleveland. "We are increasing our already significant economic impact on downtown," Shepherd says.
Source: Patrick Shepherd
Writer: Lee Chilcote
The team at Idea Engine could feel the wheels turning when they met with local innovator Dave Petno, who approached Idea Engine with a web application he was interested in having developed: a custom tool that allows high school sports scores and statistics to be submitted to the media as well as to family and friends of the sports program.
The business communication solutions company saw the potential in this idea, and ScoreFeeder was born. The way ScoreFeeder works is that a team coach or rep enters scores and stats from a game onto the site, and that information is sent via email to media outlets chosen by the team. Schools also have the opportunity to receive instant updates of scores from their conference. The service is free and can be used by high school teams across the country. ScoreFeeder is currently available for basketball, with other sports to be available soon, according to Dan Carbone, chief technology officer for Idea Engine.
The seven-member Idea Engine team is working with an iPad developer to see if the application can be used on the iPad as well.
Carbone says that the ScoreFeeder concept allowed Idea Engine to develop a custom web application that goes beyond the traditional website or e-commerce site. "ScoreFeeder.com adds a counterpart to social networking by providing an interactive tool focused on a particular audience and particular interest," he says.
SOURCE: Idea Engine
WRITER: Diane DiPiero
The business communication solutions company saw the potential in this idea, and ScoreFeeder was born. The way ScoreFeeder works is that a team coach or rep enters scores and stats from a game onto the site, and that information is sent via email to media outlets chosen by the team. Schools also have the opportunity to receive instant updates of scores from their conference. The service is free and can be used by high school teams across the country. ScoreFeeder is currently available for basketball, with other sports to be available soon, according to Dan Carbone, chief technology officer for Idea Engine.
The seven-member Idea Engine team is working with an iPad developer to see if the application can be used on the iPad as well.
Carbone says that the ScoreFeeder concept allowed Idea Engine to develop a custom web application that goes beyond the traditional website or e-commerce site. "ScoreFeeder.com adds a counterpart to social networking by providing an interactive tool focused on a particular audience and particular interest," he says.
SOURCE: Idea Engine
WRITER: Diane DiPiero
draft mag puts three cle-area bars in 'best' list
Draft Magazine, the premier source for all things hoppy and inebriating, published its annual list of "America's 100 Best Beer Bars: 2011." Cleveland area bars snagged a whopping 3% of the entire list! Okay, so three spots out of 100 may not be shocking -- but it is great news.
"Beer bars are cropping up around the country at a frenetic pace," the article states at the outset, "so paring our annual list down to 100 was no small feat. That said, we're confident that if you find yourself on a barstool at any one of these stellar spots, you'll be surrounded by top-notch brew and folks who are committed to it."
Lakewood's Buckeye Beer Engine gets billing as "The casual drinker's answer to Ohio's beer-snob bars." Who knew we had beer-snob bars? This west-side gem gets credit for its Buckeye Brewing house brews, lesser-known options from well-known breweries, and two beer engines that dispense real-ale specialties
Cleveland Heights landmark La Cave du Vin also makes the list, with the list-makers urging folks to "Ignore the vinous name: This basement wine spot's beer paradise." While The Cave gets approval for its large bottle and draft selection, it receives special attention for its frequent seasonal tappings and brewery nights. Tip: "The owner's rare beer collection on the shelves will leave you jaw-droppingly awestruck."
Ohio City's Bier Markt naturally earned inclusion, with the mag calling the joint nothing less than a "Cleveland institution." Who cares that the fact-checkers failed to confirm whether or not Market Garden Brewery was actually open as the item states? (It's not.) One shouldn't look a gift horse in the mouth.
Drink up the entire list here.
"Beer bars are cropping up around the country at a frenetic pace," the article states at the outset, "so paring our annual list down to 100 was no small feat. That said, we're confident that if you find yourself on a barstool at any one of these stellar spots, you'll be surrounded by top-notch brew and folks who are committed to it."
Lakewood's Buckeye Beer Engine gets billing as "The casual drinker's answer to Ohio's beer-snob bars." Who knew we had beer-snob bars? This west-side gem gets credit for its Buckeye Brewing house brews, lesser-known options from well-known breweries, and two beer engines that dispense real-ale specialties
Cleveland Heights landmark La Cave du Vin also makes the list, with the list-makers urging folks to "Ignore the vinous name: This basement wine spot's beer paradise." While The Cave gets approval for its large bottle and draft selection, it receives special attention for its frequent seasonal tappings and brewery nights. Tip: "The owner's rare beer collection on the shelves will leave you jaw-droppingly awestruck."
Ohio City's Bier Markt naturally earned inclusion, with the mag calling the joint nothing less than a "Cleveland institution." Who cares that the fact-checkers failed to confirm whether or not Market Garden Brewery was actually open as the item states? (It's not.) One shouldn't look a gift horse in the mouth.
Drink up the entire list here.
Recent news of a lease option for offshore submerged land in Lake Erie
created waves of excitement for longtime proponents of wind turbines
along our Great Lake. We'll likely be seeing the blades of five giant
wind turbines twirling high above the shore by mid-2012, bringing with
them about 600 new jobs.
A study commissioned by NorTech last August revealed that those 600 jobs are just the beginning. Moving beyond the five-turbine pilot project and into a proposed 5,000 megawatts of wind energy by 2030, the State of Ohio could sustain as many as 15,000 jobs. About 8,000 of those would likely be located in our region.
"Because the equipment is so large, you'll have to do the work very close to where it's being commissioned," says Dave Karpinski, vice president of NorTech who heads NorTech Energy Enterprise, an initiative focused on Northeast Ohio's advanced energy industry. New skill sets for divers and drillers will be created. Legal and regulatory experts will be needed. The development of a vast maritime industry, with towing ships, specialized vessels and crews, could also take the region to new heights in advanced energy, he adds.
But let's not get ahead of ourselves. With this, the first least option to be issued in the Great Lakes, Cleveland will see an initial upsurge in engineering jobs and permitting work, according to Karpinski. By the middle of next year, manufacturing and geotech work will be in greater demand, he adds.
Orders will begin for the five initial wind turbines this year. The momentum of what they will bring to Cleveland is just starting to be felt.
SOURCE: Dave Karpinski
WRITER: Diane DiPiero
A study commissioned by NorTech last August revealed that those 600 jobs are just the beginning. Moving beyond the five-turbine pilot project and into a proposed 5,000 megawatts of wind energy by 2030, the State of Ohio could sustain as many as 15,000 jobs. About 8,000 of those would likely be located in our region.
"Because the equipment is so large, you'll have to do the work very close to where it's being commissioned," says Dave Karpinski, vice president of NorTech who heads NorTech Energy Enterprise, an initiative focused on Northeast Ohio's advanced energy industry. New skill sets for divers and drillers will be created. Legal and regulatory experts will be needed. The development of a vast maritime industry, with towing ships, specialized vessels and crews, could also take the region to new heights in advanced energy, he adds.
But let's not get ahead of ourselves. With this, the first least option to be issued in the Great Lakes, Cleveland will see an initial upsurge in engineering jobs and permitting work, according to Karpinski. By the middle of next year, manufacturing and geotech work will be in greater demand, he adds.
Orders will begin for the five initial wind turbines this year. The momentum of what they will bring to Cleveland is just starting to be felt.
SOURCE: Dave Karpinski
WRITER: Diane DiPiero
Social media provides entrepreneurs with a great vehicle for communicating with current and potential clients. And like the companies they seek to promote, social media feeds often mimic the personality of their owners. But marketing experts warn that one size definitely does not fit all. What works for one type of business may come across as inappropriate for another.
Steve Arless has nearly four decades of experience in the medical-device industry. As president and CEO of CryoCath, he grew the company to more than 300 employees before arranging its sale for $380 million. Now, he brings his expertise to Cleveland in hopes of doing the same for CardioInsight, which is developing a cardiac arrhythmia ablation therapy.
The controversy over the proposed Oakwood Commons development reinforces the need for Cleveland Heights to plan for future development, says a local nonprofit leader.
"We're being forced to react to the developer's plan because the city of Cleveland Heights does not have a plan," says Deanna Bremer Fisher, Executive Director of FutureHeights, a nonprofit that promotes community engagement in Cleveland Heights.
"I understand the need for additional tax revenue in our city, but we need to look at a highest-and-best-use study of the development site before proceeding," she adds.
The city of Cleveland Heights updated its Strategic Development Plan in 2010 for the first time in 17 years. The plan recommends that the city pursue economic development to expand its tax base, which has declined recently due to lower home values, foreclosed homes, and lack of new development. The Strategic Development Plan also recommends that the city study the feasibility of producing a land use Master Plan.
Richard Wong, the Planning Director for the city of Cleveland Heights, says that the city has no position on Oakwood Commons because a proposal has not yet been brought to the city. However, the city's 2010 Strategic Development Plan states that "redevelopment [of the Oakwood site] for big box commercial uses was strongly opposed by residents in the past and should not be considered."
The plan adds that land and buildings north of Oakwood Country Club to Mayfield Road should be considered as part of any development plan. This suggests that the city may try to leverage the project to stimulate redevelopment of the older retail area at Warrensville and Mayfield Roads.
First Interstate Properties, the developer of the proposed 154-acre, mixed-use shopping center on the site of the former Oakwood Country Club, recently purchased the portion of the property that is in South Euclid. The Severance Neighborhood Organization, a local citizens group, has questioned the need for additional retail in the area. South Euclid officials have expressed support for the project, arguing that the city needs new retail development and tax revenue.
Mitchell Schneider, President of First Interstate Properties, has an option to purchase the Cleveland Heights portion of Oakwood. Both properties require a zoning change to be developed as retail. Schneider says he hopes to win Cleveland Heights' approval, but that he could develop the South Euclid property alone if the city refuses.
Sources: Deanna Bremer Fisher, Richard Wong, Mitchell Schneider
Writer: Lee Chilcote
"We're being forced to react to the developer's plan because the city of Cleveland Heights does not have a plan," says Deanna Bremer Fisher, Executive Director of FutureHeights, a nonprofit that promotes community engagement in Cleveland Heights.
"I understand the need for additional tax revenue in our city, but we need to look at a highest-and-best-use study of the development site before proceeding," she adds.
The city of Cleveland Heights updated its Strategic Development Plan in 2010 for the first time in 17 years. The plan recommends that the city pursue economic development to expand its tax base, which has declined recently due to lower home values, foreclosed homes, and lack of new development. The Strategic Development Plan also recommends that the city study the feasibility of producing a land use Master Plan.
Richard Wong, the Planning Director for the city of Cleveland Heights, says that the city has no position on Oakwood Commons because a proposal has not yet been brought to the city. However, the city's 2010 Strategic Development Plan states that "redevelopment [of the Oakwood site] for big box commercial uses was strongly opposed by residents in the past and should not be considered."
The plan adds that land and buildings north of Oakwood Country Club to Mayfield Road should be considered as part of any development plan. This suggests that the city may try to leverage the project to stimulate redevelopment of the older retail area at Warrensville and Mayfield Roads.
First Interstate Properties, the developer of the proposed 154-acre, mixed-use shopping center on the site of the former Oakwood Country Club, recently purchased the portion of the property that is in South Euclid. The Severance Neighborhood Organization, a local citizens group, has questioned the need for additional retail in the area. South Euclid officials have expressed support for the project, arguing that the city needs new retail development and tax revenue.
Mitchell Schneider, President of First Interstate Properties, has an option to purchase the Cleveland Heights portion of Oakwood. Both properties require a zoning change to be developed as retail. Schneider says he hopes to win Cleveland Heights' approval, but that he could develop the South Euclid property alone if the city refuses.
Sources: Deanna Bremer Fisher, Richard Wong, Mitchell Schneider
Writer: Lee Chilcote
What soul food restaurants lack in ambiance, they often make up for in good, down-home cuisine -- the modest digs are part of the charm and lend authenticity to the tried-and-true menus of chicken and biscuits, greens, and mac and cheese.
Yet Zanzibar Soul Fusion, a new restaurant now open at Shaker Square, is no ordinary soul food joint. The new hotspot offers soul food with a twist, dishing out traditional southern comforts in the atmosphere of an upscale lounge.
"We offer a foundation of soul food fused with other popular food items from different ethnic groups," says owner Akin Affrica. "It's Southern comfort food for the masses."
Affrica, a third-generation restaurant owner whose family also owns Angie's Soul Café, says that soul food fans will recognize the scratch cooking, traditional recipes and fresh ingredients, but will be surprised by the fresh, unusual take on soul food.
Instead of artichoke and spinach dip, for instance, chef Tony Fortner substitutes collard greens. Other unique, mouth-watering treats include the shrimp Po' Boys with lime zest sauce and slaw, and the Soul Rolls, a southern take on the Chinese egg roll.
Zanzibar also adds a new flavor to Shaker Square, the historic east side shopping center that's become a restaurant destination since it was purchased by the Coral Company in 2004. "I've always wanted to open a soul food restaurant here," Affrica says, "so when the owners contacted me, I figured it was meant to be."
Source: Akin Affrica
Writer: Lee Chilcote
Yet Zanzibar Soul Fusion, a new restaurant now open at Shaker Square, is no ordinary soul food joint. The new hotspot offers soul food with a twist, dishing out traditional southern comforts in the atmosphere of an upscale lounge.
"We offer a foundation of soul food fused with other popular food items from different ethnic groups," says owner Akin Affrica. "It's Southern comfort food for the masses."
Affrica, a third-generation restaurant owner whose family also owns Angie's Soul Café, says that soul food fans will recognize the scratch cooking, traditional recipes and fresh ingredients, but will be surprised by the fresh, unusual take on soul food.
Instead of artichoke and spinach dip, for instance, chef Tony Fortner substitutes collard greens. Other unique, mouth-watering treats include the shrimp Po' Boys with lime zest sauce and slaw, and the Soul Rolls, a southern take on the Chinese egg roll.
Zanzibar also adds a new flavor to Shaker Square, the historic east side shopping center that's become a restaurant destination since it was purchased by the Coral Company in 2004. "I've always wanted to open a soul food restaurant here," Affrica says, "so when the owners contacted me, I figured it was meant to be."
Source: Akin Affrica
Writer: Lee Chilcote
amp 150 selected as 'best new place to eat' by midwest living
In a feature titled, "Best New Midwest Places to Play, Eat and Stay," Midwest Living encourages its readers to plan their next vacation around the mag's most recent picks of the Midwest's best new attractions, restaurants and hotels.
Under the section Best New Restaurants, AMP 150 earns kudos for its creative -- and surprising -- seasonal cuisine.
"Talk about a surprise. It's in a newly renovated Airport Marriott. It has a garden out back where the chef grows heirloom veggies labeled with cute little chalkboards. And its affordable small-plates menu packs amazing flavor (hello, five-spice marshmallows floating in pumpkin soup)."
Read the entire list of Bests here.
Under the section Best New Restaurants, AMP 150 earns kudos for its creative -- and surprising -- seasonal cuisine.
"Talk about a surprise. It's in a newly renovated Airport Marriott. It has a garden out back where the chef grows heirloom veggies labeled with cute little chalkboards. And its affordable small-plates menu packs amazing flavor (hello, five-spice marshmallows floating in pumpkin soup)."
Read the entire list of Bests here.
When it comes to retail, how much is too much? That's the question being raised by residents who live near the former Oakwood Country Club, a 154-acre parcel where First Interstate Properties proposes to build a shopping mall that would rival nearby Legacy Village in size.
"There are moribund, vacant retail areas all over the Heights, so why do we need another mall?" asks Fran Mentch, president of the Severance Neighborhood Organization (SNO), a Cleveland Heights-based neighborhood group. "It would be one thing if the project added value, but this would only hurt existing stores."
Oakwood Commons, as the proposal is called, is a mixed-use lifestyle center on Warrensville Center Road. The retail portion of the development would be 63 acres and include a mixture of large big-box stores, smaller shops and restaurants. The developer also wants to preserve nearly half of the property by giving it to Cleveland Heights and South Euclid to create a park.
"This densely populated area is underserved by national retailers," counters First Interstate president Mitchell Schneider, "and there is more demand than can be accommodated by University Square, Severance and Cedar Center." His development would include stores that are new to the area. And because "investment begets investment," he explains, it would also lead to improvements in older retail areas.
According to a 2007 study completed by professor James Kastelic of Cleveland State University's Levin College of Urban Affairs, Northeast Ohio has a retail surplus of just over 22 million square feet. Between 2000 and 2007, the study shows, Cuyahoga County's population declined by 6% while its retail space grew by 5%.
According to Kastelic, a Senior Park Planner with the Cleveland Metroparks, new retail could only be successful by luring customers from existing areas. Because the region is not growing, he stresses, "It would cut the pie into more pieces" rather than add value.
Schneider takes issue with Kastelic's study. "Much of that retail is functionally obsolescent," he says. "When it comes to national retailers, Northeast Ohio is not over-retailed. We have fewer square feet per capita than many other metro areas."
Source: Fran Mentch; James Kastelic
Writer: Lee Chilcote
"There are moribund, vacant retail areas all over the Heights, so why do we need another mall?" asks Fran Mentch, president of the Severance Neighborhood Organization (SNO), a Cleveland Heights-based neighborhood group. "It would be one thing if the project added value, but this would only hurt existing stores."
Oakwood Commons, as the proposal is called, is a mixed-use lifestyle center on Warrensville Center Road. The retail portion of the development would be 63 acres and include a mixture of large big-box stores, smaller shops and restaurants. The developer also wants to preserve nearly half of the property by giving it to Cleveland Heights and South Euclid to create a park.
"This densely populated area is underserved by national retailers," counters First Interstate president Mitchell Schneider, "and there is more demand than can be accommodated by University Square, Severance and Cedar Center." His development would include stores that are new to the area. And because "investment begets investment," he explains, it would also lead to improvements in older retail areas.
According to a 2007 study completed by professor James Kastelic of Cleveland State University's Levin College of Urban Affairs, Northeast Ohio has a retail surplus of just over 22 million square feet. Between 2000 and 2007, the study shows, Cuyahoga County's population declined by 6% while its retail space grew by 5%.
According to Kastelic, a Senior Park Planner with the Cleveland Metroparks, new retail could only be successful by luring customers from existing areas. Because the region is not growing, he stresses, "It would cut the pie into more pieces" rather than add value.
Schneider takes issue with Kastelic's study. "Much of that retail is functionally obsolescent," he says. "When it comes to national retailers, Northeast Ohio is not over-retailed. We have fewer square feet per capita than many other metro areas."
Source: Fran Mentch; James Kastelic
Writer: Lee Chilcote
cleveland clinic joins forces with medstar to bring inventions to market
Billed as "the first of its kind between two large U.S. health systems," a recently announced collaboration between the Cleveland Clinic and MedStar Health (Georgetown University Hospital, among others) will help speed medical inventions to market, as a recent Washington Post article states.
Titled "Cleveland Clinic, MedStar join forces to move medical technologies to market," the article goes on to say that moving medical technologies to market is a relatively new endeavor for health systems and academic medical centers. But Cleveland Clinic Innovations has licensed more than 250 technologies and started 35 new companies to market products.
"The Cleveland model is a combination of royalties from licenses of technologies to established companies and the sale of shares in spin-off companies. Royalties from licensing generate about $10 million yearly, but overall revenue is increasing significantly," Chris Coburn, executive director of Cleveland Clinic Innovations, is quoted in the article as saying.
"Reinventing the wheel everywhere isn't as favorable an option as forging collaboration," Thomas J. Graham of Cleveland Clinic Innovations states. "This allows us to open up a larger-scale collaboration that can be helpful in improving patient access, getting clinical answers and expanding innovation."
Read the full prognosis here.
Titled "Cleveland Clinic, MedStar join forces to move medical technologies to market," the article goes on to say that moving medical technologies to market is a relatively new endeavor for health systems and academic medical centers. But Cleveland Clinic Innovations has licensed more than 250 technologies and started 35 new companies to market products.
"The Cleveland model is a combination of royalties from licenses of technologies to established companies and the sale of shares in spin-off companies. Royalties from licensing generate about $10 million yearly, but overall revenue is increasing significantly," Chris Coburn, executive director of Cleveland Clinic Innovations, is quoted in the article as saying.
"Reinventing the wheel everywhere isn't as favorable an option as forging collaboration," Thomas J. Graham of Cleveland Clinic Innovations states. "This allows us to open up a larger-scale collaboration that can be helpful in improving patient access, getting clinical answers and expanding innovation."
Read the full prognosis here.
Some said it would never happen, but the day is finally arriving: A groundbreaking ceremony for the Cleveland Medical Mart and Convention Center takes
place this Friday, January 14. Construction has already gotten underway
near Lakeside Avenue, though, signifying that the much-anticipated,
often-controversial $465 million project will become a reality.
Completion of the project is expected to be sometime in 2013.
For many, the building's external progress will be almost as significant as the list of committed exhibitors inside. According to MMPI, the Chicago-based trade show and property management firm, the first 40-plus companies that have signed letters of intent to lease showroom space will be also be revealed on January 14. According to Dave Johnson, spokesperson for the Medical Mart, 31 conferences and trade shows have also committed to hosting their events in the new convention center.
The Medical Mart is targeting healthcare manufacturers and service providers to show off their wares and services inside the complex. The latest innovations and products are likely to be housed within the facility. The interiors will feature 235,000 square feet of display space, 60,000 square feet of meeting rooms, 230,000 square feet for exhibitions and a 30,000-square-foot ballroom.
SOURCE: Dave Johnson,
Cleveland Medical Mart and Convention Center
WRITER: Diane DiPiero
For many, the building's external progress will be almost as significant as the list of committed exhibitors inside. According to MMPI, the Chicago-based trade show and property management firm, the first 40-plus companies that have signed letters of intent to lease showroom space will be also be revealed on January 14. According to Dave Johnson, spokesperson for the Medical Mart, 31 conferences and trade shows have also committed to hosting their events in the new convention center.
The Medical Mart is targeting healthcare manufacturers and service providers to show off their wares and services inside the complex. The latest innovations and products are likely to be housed within the facility. The interiors will feature 235,000 square feet of display space, 60,000 square feet of meeting rooms, 230,000 square feet for exhibitions and a 30,000-square-foot ballroom.
SOURCE: Dave Johnson,
Cleveland Medical Mart and Convention Center
WRITER: Diane DiPiero
Making good on a 2010 goal to build and strengthen its interests in the healthcare industry, The Riverside Company this month announced the acquisition of Physicians Pharmacy Alliance
(PPA). The North Carolina-based company specializes in drug dispensing
to at-home chronically ill patients. PPA was founded in 2002 and has
been recognized as one of the fastest growing companies in the region by
the Triangle Business Journal.
Riverside, a private equity firm with offices in Cleveland, considers itself a generalist when it comes to acquisitions; nevertheless, the company has made strides specializing in the healthcare, education and training industries. Riverside benefits from the knowledge and input of senior advisers in these fields. "We bring them into the fold to complement our investment professionals," says Graham Hearns, Riverside's director of marketing and communications.
Also this month, Riverside announced the add-on acquisition of CareFacts Information Systems, a St. Paul, Minnesota provider of software for home care, hospice and public health organizations. CareFacts will join Riverside's HEALTHCAREfirst, which provides web-based software to home care and hospice agencies.
SOURCE: The Riverside Company
WRITER: Diane DiPiero
Riverside, a private equity firm with offices in Cleveland, considers itself a generalist when it comes to acquisitions; nevertheless, the company has made strides specializing in the healthcare, education and training industries. Riverside benefits from the knowledge and input of senior advisers in these fields. "We bring them into the fold to complement our investment professionals," says Graham Hearns, Riverside's director of marketing and communications.
Also this month, Riverside announced the add-on acquisition of CareFacts Information Systems, a St. Paul, Minnesota provider of software for home care, hospice and public health organizations. CareFacts will join Riverside's HEALTHCAREfirst, which provides web-based software to home care and hospice agencies.
SOURCE: The Riverside Company
WRITER: Diane DiPiero
social media studio teaches ins and outs of new-economy tools
Just when you thought you knew everything about social media, or were afraid to ask anymore questions, a new resource arrives on the scene. Social Media Studio (SMS), a partnership between Rapid Fire Media and Virginia Marti College, launched on January 1 of this year, and is off to a speedy start with the announcement of six upcoming events and the release of its daily e-zine.
"The intent of forming SMS was to create a forum for the best social media practitioners and educators," says Michael DeAloia, the former tech czar of the City of Cleveland and social media guru, who is helping to spearhead this new learning community.
The learning opportunities began on January 11, with an intro to social media led by DeAloia. On January 25, there's a class on effective Twitter tools. "We have planned our first six events for 2011," DeAloia says, "but I suspect we will produce between 20 and 24 events over the course of the calendar year." Experts in social media, marketing and branding will lead various classes. "The Northeast Ohio area is blessed with a rich number of social media experts," he says.
In addition to fee-based classes, SMS recently launched its inaugural Social Media Studio Daily, containing local and national news.
Through classes and the online publication, SMS seeks to broaden Northeast Ohioans' understanding and use of social media. "We have actually created a class where we are going to teach students how to be social media entrepreneurs," DeAolia says.
SOURCE: Michael DeAloia
WRITER: Diane DiPiero
"The intent of forming SMS was to create a forum for the best social media practitioners and educators," says Michael DeAloia, the former tech czar of the City of Cleveland and social media guru, who is helping to spearhead this new learning community.
The learning opportunities began on January 11, with an intro to social media led by DeAloia. On January 25, there's a class on effective Twitter tools. "We have planned our first six events for 2011," DeAloia says, "but I suspect we will produce between 20 and 24 events over the course of the calendar year." Experts in social media, marketing and branding will lead various classes. "The Northeast Ohio area is blessed with a rich number of social media experts," he says.
In addition to fee-based classes, SMS recently launched its inaugural Social Media Studio Daily, containing local and national news.
Through classes and the online publication, SMS seeks to broaden Northeast Ohioans' understanding and use of social media. "We have actually created a class where we are going to teach students how to be social media entrepreneurs," DeAolia says.
SOURCE: Michael DeAloia
WRITER: Diane DiPiero
Alex Tapie has always wanted to open an art gallery, the kind of space that provides young, emerging artists with an opportunity to show their work to an audience.
"I wanted to create a space that was interactive and that would demystify the art experience," says Tapie, a graduate of the Cleveland Institute of Art. "A collective gallery, studio and venue space."
She mentioned the idea to fellow artists Brian Straw, Dan Price and Suzanne Cofer. "We all clicked creatively," Tapie says. Survival Kit art gallery was born.
The gallery opened with a bang in December, attracting over 200 people to its first show. Rotating exhibits and events, including music and craft fairs, are planned for 2011. On Friday and Saturday, Jan. 21-22, Survival Kit will host the 4th Coast Pop Up Market, an exhibit by local artists, designers and vendors that features art, vintage clothing and music.
Getting to this point wasn't easy, say the owners. To turn vision into reality, Tapie and her cohorts first had to find a space. They stumbled upon the perfect location, a 4,500-square-foot space in the 78th Street Studios, a hub for arts-related businesses in the Detroit Shoreway neighborhood, which Tapie labels "a great arts community."
The problem was that the space was "trashed." Tapie talked the landlord into letting her fix it up in exchange for cheap -- even free -- rent. The artists spent five months cleaning trash and debris, scraping tile, painting floors and building walls.
As for the name, Tapie says it's fitting because the gallery is a creative lifeline for young artists seeking community here. "We started joking around that this project was our survival kit -- that we could survive collectively," Tapie says. "The name just fit." And stuck.
Source: Alex Tapie
Writer: Lee Chilcote
"I wanted to create a space that was interactive and that would demystify the art experience," says Tapie, a graduate of the Cleveland Institute of Art. "A collective gallery, studio and venue space."
She mentioned the idea to fellow artists Brian Straw, Dan Price and Suzanne Cofer. "We all clicked creatively," Tapie says. Survival Kit art gallery was born.
The gallery opened with a bang in December, attracting over 200 people to its first show. Rotating exhibits and events, including music and craft fairs, are planned for 2011. On Friday and Saturday, Jan. 21-22, Survival Kit will host the 4th Coast Pop Up Market, an exhibit by local artists, designers and vendors that features art, vintage clothing and music.
Getting to this point wasn't easy, say the owners. To turn vision into reality, Tapie and her cohorts first had to find a space. They stumbled upon the perfect location, a 4,500-square-foot space in the 78th Street Studios, a hub for arts-related businesses in the Detroit Shoreway neighborhood, which Tapie labels "a great arts community."
The problem was that the space was "trashed." Tapie talked the landlord into letting her fix it up in exchange for cheap -- even free -- rent. The artists spent five months cleaning trash and debris, scraping tile, painting floors and building walls.
As for the name, Tapie says it's fitting because the gallery is a creative lifeline for young artists seeking community here. "We started joking around that this project was our survival kit -- that we could survive collectively," Tapie says. "The name just fit." And stuck.
Source: Alex Tapie
Writer: Lee Chilcote
If South Euclid's Green Neighborhoods Initiative were a reality TV show, it would be called "Extreme Bungalow Makeover." The suburb has now completed renovations on two previously bank-owned bungalows. In December, the city hosted an open house to showcase the dwellings to buyers looking for a low-maintenance lifestyle.
"The city realized it has aging housing stock that doesn't make sense in today's marketplace, and wanted to do something," says Joe Del Re, New Business Development Manager for Home Again Homes, the company that rehabbed the properties.
Historically a quiet, tucked-away suburb known for its ubiquitous bungalows, South Euclid has been hit hard by the mortgage crisis and is saddled with 600 vacant homes. The Green Neighborhoods Initiative, launched in 2010, targets two areas pocked by empty properties. South Euclid plans to rehab 10 foreclosures by the end of 2011.
To make the project possible, the city applied for and was awarded a grant of almost $1 million from the federal Neighborhood Stabilization Program and the Vacant Residential Property Fund of the First Suburbs Development Council. "The city put more into the rehab than the homes sell for," explains Del Re. "Grant funding helps cover the gap."
The city hopes the bungalows, priced at $129,900, will prove attractive to condo buyers and empty nesters. Features include first floor bedrooms, modern floor plans, high-efficiency furnaces, whole house insulation and Energy Star appliances. To qualify, buyers must meet income guidelines of 120% of Average Median Income -- about $70,000 for a family of four. South Euclid is also offering $10,000 down payment assistance.
Despite the hooks, the houses haven't sold. "It's a tough market and we haven't seen traction so far," says Del Re. "I expect things to get a little better in 2011."
Source: Joe Del Re
Writer: Lee Chilcote
"The city realized it has aging housing stock that doesn't make sense in today's marketplace, and wanted to do something," says Joe Del Re, New Business Development Manager for Home Again Homes, the company that rehabbed the properties.
Historically a quiet, tucked-away suburb known for its ubiquitous bungalows, South Euclid has been hit hard by the mortgage crisis and is saddled with 600 vacant homes. The Green Neighborhoods Initiative, launched in 2010, targets two areas pocked by empty properties. South Euclid plans to rehab 10 foreclosures by the end of 2011.
To make the project possible, the city applied for and was awarded a grant of almost $1 million from the federal Neighborhood Stabilization Program and the Vacant Residential Property Fund of the First Suburbs Development Council. "The city put more into the rehab than the homes sell for," explains Del Re. "Grant funding helps cover the gap."
The city hopes the bungalows, priced at $129,900, will prove attractive to condo buyers and empty nesters. Features include first floor bedrooms, modern floor plans, high-efficiency furnaces, whole house insulation and Energy Star appliances. To qualify, buyers must meet income guidelines of 120% of Average Median Income -- about $70,000 for a family of four. South Euclid is also offering $10,000 down payment assistance.
Despite the hooks, the houses haven't sold. "It's a tough market and we haven't seen traction so far," says Del Re. "I expect things to get a little better in 2011."
Source: Joe Del Re
Writer: Lee Chilcote
cleve hotspots fair well in mag's 'best of ohio' list
In its January article titled "Best of Ohio," Ohio magazine lists what it believes are the best places to go and things to do around the Buckeye state. Cleveland-based attractions faired well, snagging four spots on the list.
Under the category "Best Way to End the Work Week," Happy Dog's polka happy hour is billed as "a riotous affair" where "a fake-beard-clad polka aficionado spins classics for a diverse crowd of college students, families and seniors, all dancing along to scratchy tunes spun on vintage vinyl."
Those with a sweet tooth were directed to Lilly Handmade Chocolates. "What a concept: selling artisanal chocolates and fine wines and craft beer in one location," the article declares. "Amanda and Joshua Montague, both classically trained chefs, help customers pair spirits with delicious chocolates, some of which also have a hint of alcohol."
Listed as a "Restaurant to Bank On," Dante Boccuzzi's Dante restaurant in Tremont dishes out a "reliably delectable menu including pasta, fish and beef, it's located in the regal confines of an old bank, and guests can request to dine in the old vault."
Earning props for its big makeover this year, Cleveland's IngenuityFest snags the category best "Fest Makeover," citing the new location beneath the Veterans Memorial Bridge as reason #1. "In 2010, one of Cleveland's most unique festivals changed things up a bit and brought in more fest-goers than ever: More than 40,000 people.
Check out the rest of the rankings here.
Under the category "Best Way to End the Work Week," Happy Dog's polka happy hour is billed as "a riotous affair" where "a fake-beard-clad polka aficionado spins classics for a diverse crowd of college students, families and seniors, all dancing along to scratchy tunes spun on vintage vinyl."
Those with a sweet tooth were directed to Lilly Handmade Chocolates. "What a concept: selling artisanal chocolates and fine wines and craft beer in one location," the article declares. "Amanda and Joshua Montague, both classically trained chefs, help customers pair spirits with delicious chocolates, some of which also have a hint of alcohol."
Listed as a "Restaurant to Bank On," Dante Boccuzzi's Dante restaurant in Tremont dishes out a "reliably delectable menu including pasta, fish and beef, it's located in the regal confines of an old bank, and guests can request to dine in the old vault."
Earning props for its big makeover this year, Cleveland's IngenuityFest snags the category best "Fest Makeover," citing the new location beneath the Veterans Memorial Bridge as reason #1. "In 2010, one of Cleveland's most unique festivals changed things up a bit and brought in more fest-goers than ever: More than 40,000 people.
Check out the rest of the rankings here.
The Flats has often been called the birthplace of Cleveland. Soon, it will gain a new tagline when it's reborn as the city's first green-certified neighborhood.
The Wolstein Group and Fairmount Properties, co-developers of the Flats East Bank project, are using sustainable building practices in the $272 million project, which broke ground in December. The project's financing dried up in 2008, but the developers revived the deal, cobbling together more than 35 public and private funding sources. The first phase will include an office tower, hotel, retail and 14-acre riverfront park.
Last year, the U.S. Green Building Council certified that the project had met Phase I criteria for Leadership in Energy Efficiency and Design for Neighborhood Development (LEED-ND). LEED is considered to be the national standard for sustainable design.
"Early on, the developers committed to pursue LEED Neighborhood status, and also a green-built project," says Justin Glanville, Project Director for Building Cleveland by Design (BCBD), a collaboration of two nonprofits, ParkWorks and Cleveland Public Art, to inject more thoughtful design into prominent building projects in Cleveland.
"This is the direction the market is headed," adds Glanville. "Prospective tenants asked the developers about energy-efficient design because it lowers occupancy costs."
The Flats East Bank project meets LEED-ND criteria by incorporating LEED-certified buildings, energy-efficient lighting fixtures, the use of recycled content in building materials, roof gardens, reduced water use, and a reduced parking footprint. It also gets points for compact development, connection to the river and brown field remediation.
BCBD states that Cleveland is fourth in the U.S. in the number of projects seeking LEED-ND certification. The developers hired BCBD to complete the certification process.
Source: Justin Glanville
Writer: Lee Chilcote
The Wolstein Group and Fairmount Properties, co-developers of the Flats East Bank project, are using sustainable building practices in the $272 million project, which broke ground in December. The project's financing dried up in 2008, but the developers revived the deal, cobbling together more than 35 public and private funding sources. The first phase will include an office tower, hotel, retail and 14-acre riverfront park.
Last year, the U.S. Green Building Council certified that the project had met Phase I criteria for Leadership in Energy Efficiency and Design for Neighborhood Development (LEED-ND). LEED is considered to be the national standard for sustainable design.
"Early on, the developers committed to pursue LEED Neighborhood status, and also a green-built project," says Justin Glanville, Project Director for Building Cleveland by Design (BCBD), a collaboration of two nonprofits, ParkWorks and Cleveland Public Art, to inject more thoughtful design into prominent building projects in Cleveland.
"This is the direction the market is headed," adds Glanville. "Prospective tenants asked the developers about energy-efficient design because it lowers occupancy costs."
The Flats East Bank project meets LEED-ND criteria by incorporating LEED-certified buildings, energy-efficient lighting fixtures, the use of recycled content in building materials, roof gardens, reduced water use, and a reduced parking footprint. It also gets points for compact development, connection to the river and brown field remediation.
BCBD states that Cleveland is fourth in the U.S. in the number of projects seeking LEED-ND certification. The developers hired BCBD to complete the certification process.
Source: Justin Glanville
Writer: Lee Chilcote
Cleveland Storefront Art aims to brighten up the downtown landscape by filling the windows of vacant properties with works of visual art. Through their tireless efforts, Robert Carillio and Joan Smith have crafted an artful albeit temporary solution to an irritating problem.