FEBRUARY 25, 2011 VOL. 27, NO. 26 THE CENTRAL OHIO BUSINESS AUTHORITY email@example.com columbusbusinessfirst.com 36 PAGES $2.00
Security consultants warn of increased threats to smartphones. Page 21
Columbus school trains workers for construction fields. Page 15
Columbus Chamber CEO ready to work with Columbus2020. Page 5
PREVAILING WAGE QUESTION
Final word sought on state policy
Annual spending on executives
Gordon Gee has made it a goal for his second tenure to build the best possible team.
BY JEFF BELL | BUSINESS FIRST
OSU putting money where its mouth is BY CARRIE GHOSE | BUSINESS FIRST
OHIO STATE PRESIDENT Gordon Gee has pledged to do whatever it takes to increase the school’s stature, including hiring the best and the brightest, and he’s unapologetic about the salary bump that’s resulted.
Ohio State University’s muchtouted path “from excellence to eminence” is proving enduringly expensive. Since Gordon Gee returned as university president in October 2007 – with an agenda to increase the school’s statewide influence
and international stature – OSU has added a dozen top executives – a 50 percent increase – and nearly doubled what it spends on their annual salaries to $13.7 million. And the search is on for two more to add to the administration. A Columbus Business First analSEE OSU, PAGE 34
Ohio’s economic development deal makers are pressing Gov. John Kasich for an executive order spelling out how his administration will apply the state’s prevailing wage law on expansion projects. Without the guidance, companies that scout spots for growing businesses may not bother to consider Ohio, said Chris Strayer, vice president of the Ohio Economic Development Association trade group. “We find a lot of national site selectors are still confused about the reading of the law and the rules,” said Strayer, Canal Winchester’s development director. The Kasich administration is willing to explore the issue but hasn’t decided on the request for an executive order, said Rob Nichols, the governor’s spokesman. Nichols would not comment on where Kasich stands on the preSEE WAGE, PAGE 33
Buckeye battle cry Gordon Gee says his biggest mistake running Ohio State in the ‘90s was not spending enough on top administrators. He says the university needs more – and more highly paid – executives these days because it is larger, is improving its academic reputation, and its investing and fundraising activities are recovering from the recession:
▲ ▲ ▲
▲ ▲ ▲ Revenue
OSU Medical Center
Source: Ohio State University
Shop Talk | Creekside development slides under water with lender. | 4 Industry beacon | Obstruction-lighting manufacturer growing with deal. | 6 Prime time | Maddox principals taking their talents to engineering firm. | 7 Partisan angling | Republicans, Obama positioning for budget battle. | 9 Berko | News Corp. too sprawling to be safe stock bet. | 11
* Included in overall total
JACK KUSTRON | FOR BUSINESS FIRST
Public employee union members gathered Feb. 22 to protest Gov. John Kasich’s proposed changes to collective-bargaining laws. Business interests want him to tackle prevailing wage laws next.
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December 1997: Acquires more than 300 locations by buying Mac Frugal’s Bargain Close-Outs Inc.
Feb. 1, 2011
ARSHOT’S BID TO build a research center and racetrack has many critics, but there aren’t plenty of backup ideas if the proposal fails to win city approval.
The value of Big Lots’ shares has fluctuated dramatically in the past 20 years, with a recent upswing coming after the arrival of CEO Steve Fishman in summer 2005:
March 1996: Acquires KB Toys and its more than 1,000 toy stores.
BY JEFF BELL | BUSINESS FIRST
Officials don’t have a backup plan for the redevelopment of Cooper Stadium if Arshot Investment Corp.’s effort to turn the former baseball stadium into an automotive research center and racetrack crashes and burns. The Cooper Park project hit a snag recently, when Columbus Mayor Mike Coleman said he was withholding his support for Arshot’s plan until the developer does more to address concerns over noise from the track. Coleman also said the project must receive “significant support” from the Franklinton neighborhood near the stadium before he will give it his blessing. Arshot’s plan needs City Council to approve a zoning change for the 47-acre ballpark site owned by Franklin County. Coleman has the power to veto an approval, but council could override it if lawmakers dare to buck the mayor on the controversial issue. County and city officials said they do not have a Plan B if the Cooper Park project dies at City Hall. Critics of Arshot’s proposal also don’t appear to have any ideas for redevelopment that could be acted on quickly at a site that has been vacant for two years. Lisa Griffin, a spokeswoman for Arshot, said in an eSEE COOPER, PAGE 33
July 2005: Steve Fishman starts as CEO.
December 2000: KB Toys (renamed) sold. 20
10 Feb. 11, 1991
May 2001: Announces name change to Big Lots Inc. and begins two-year conversion of stores to Big Lots brand.
Source: Yahoo Finance
0 ‘92 ’93 ’94
Alternatives to Cooper Stadium proposal lacking
’07 ’08 ’09 ’10 ’11
Big turnaround turning heads to Big Lots THE CLOSEOUT RETAILER is reportedly attracting attention as private equity firms look for hot deals. BY DAN EATON | BUSINESS FIRST
aying CEO Steve Fishman has improved Big Lots Inc. is a bit like acknowledging Ohio State University football coach Jim Tressel has improved the team’s success against the University of Michigan. It’s true, but it doesn’t go far enough. Tressel, of course, has improved on his successor’s 2-10-1 record against Michigan with a 9-1 run since taking over in 2001. Fishman began heading the Columbus closeout retailer in July 2005, when its stock was hovering around $12 a share. These days, the shares are trading above $40 amid rumored buyout offers by private equity firms that could give stockholders $45 to $54 a share. Fishman inherited a business that by most accounts was struggling with an aging, overextended store network and shortcomings in its operations. But an all-encompassing rehabilitation plan, combined with a down economy tailored for Big Lots’ discount pitch, has put the business in a new light. “Traditionally, Big Lots has been held back by poor real estate. But they are getting better sites now and attracting more affluent shoppers who are looking for a barSEE BIG, PAGE 35
COURTESY ARSHOT INVESTMENT CORP.
For now, the only offer on the table for the former Cooper Stadium is an automotive research center anchored by a racetrack, which many nearby residents oppose over noise concerns.
| Index |
COURTESY BIG LOTS
Steve Fishman has good reason to smile, considering the company’s performance since he took over.
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Creekside headed for receivership
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he Creekside development in Gahanna is likely to get a new owner, the after-effects of Huntington National Bank calling in $29.1 million of unpaid loans from Gahanna-Creekside Investments LLC, an affiliate of developer Stonehenge Co. The bank, in a Feb. 18 foreclosure lawsuit filed in Franklin County Common Pleas Court, asked that Mark Froehlich, director of asset recovery services at NAI Ohio Equities LLC, be appointed receiver on the development. “The cause of all this is the economy,” said Stonehenge CEO Mo Dioun. “Most of the big banks want out of these type of projects.” Huntington approved three loans for the project totaling $30.9 million and Gahanna-Creekside defaulted last May 1, according to the court filing, which valued the property at $24.7 million. Dioun said he has been in talks over the loans for months with Huntington executives and the decision to M. Dioun: appoint a receiver was Stonehenge an amicable one among him, bankers and officials for the city of Gahanna, which helped fund the $55 million project with tax-increment financing. The receiver will seek to restructure the development’s finances and help manage and market the property. Dioun said that likely will result in a sale either of the entire project or of partial control. “We’d still like to retain a hand in it,” he said. “We still think this has been a phenomenal project. It’s had its own degrees of success and its own degrees of setbacks.” The mixed-use development, envisioned as a town square for the northeast suburb, opened in 2007 with 140,000 square feet of high-end housing, 50,000 square feet for offices and 50,000 square feet for retailing, but has never reached full occupancy. Dioun said the combined retail and office occupancy is 70 percent, and 20 of Creekside’s 71 condos have been sold. Retailers and restaurants there include the Wine Guy Wine Shop Wine Bar and Bistro and Mezzo Italian Kitchen & Wine. But the complex has seen its share of defections, including Buck Mulligans Irish Pub, Candle Lab and Shoppes of Portobello Row. Office tenants include Bird Houk Collaborative, Principal Title Agency and the 14,000-square-foot C-Suites Executive Office Space incubator, which includes 44 offices, shared conference rooms and other amenities for small companies. Dioun said the Huntington action has no effect on other Stonehenge projects, including BriHi Square, which is a similar development in Dublin, and Northland Village at the former Northland Mall site in Columbus. – DAN EATON
GBQ spinoff gets busy with 1st M&A deal After years advising clients of a large accounting firm on mergers and acquisitions, Rob Stutz was eager to make some deals himself. So about three weeks after spinning off from GBQ Partners LLC, Stutz bought his first company. Richfield-based October Research is a profitable niche publisher of reports on market intelligence and industry news for real estate and mortgages, Stutz said. He bought it for $2 million, about equal to its annual revenue, from the widow of co-founder Joseph Casa under his newly formed Findley RS LLC. “It’s a good growth company,” Stutz said. “I see it as an opportunity to buy it at the low point of residential real estate.” Stutz spun off his M&A advisory business, RStutz Capital LLC, in January when GBQ bought out his shares, allowing him to take a stake in clients’ deals, which he couldn’t do as part of an audit firm. – CARRIE GHOSE
SZD hires top aide to former AG Cordray A deputy to former Ohio Attorney General Rich Cordray has joined Schottenstein Zox & Dunn Co. LPA. The Columbus law firm hired Albert Lin, former general counsel in the AG’s office, starting March 7. He’ll be of counsel in the firm’s litigation and trial law practice group, focusing on private securities litigation and securities regulation. “Many law firms in Columbus were courting Lin to hire him and SZD was fortunate and pleased to get him,” Matt Fornshell, co-leader of the firm’s litigation practice group, said in a statement. Lin is credited with managing securities-fraud cases against Marsh & McLennan Companies Inc. and American International Group on behalf of Ohio’s pension systems, which lost billions when those companies’ stock values fell. The state recovered more than $2.5 billion from them and in other securities cases. – DOUG BUCHANAN
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FEBRUARY 25, 2011 |
JACK KUSTRON | FOR BUSINESS FIRST
Michael Dalby was introduced as the chamber’s new CEO at the organization’s Feb. 23 annual meeting.
CEO sees Columbus Chamber role as businesses’ concierge, advocate BY MATT BURNS | BUSINESS FIRST
MICHAEL DALBY After nearly two decades at chambers of commerce around the U.S., Michael Dalby will take his highest-profile gig as head of the Columbus Chamber of Commerce. Dalby, chief executive of the One Southern Indiana development group, was named the chamber’s CEO and president, starting April 4. He’ll take the helm of an organization with twice the membership base as his past employer at a time when its place in the region’s economic development landscape is shifting. Since last year, Columbus2020, an organization spearheaded by the Columbus Partnership, has taken over attracting companies to Central Ohio. That leaves the chamber with the task of retaining and growing existing businesses, a challenge Dalby said he relishes. BUSINESS FIRST: What professional strengths do you bring to Ohio’s capital city? DALBY: “Throughout my career I’ve done economic development in some kind of combined basis, with economic development and the chamber working together,” he said. “That’s why (Columbus2020) intrigued me.” Indeed, Dalby arrived at One Southern Indiana a month before it was launched as a merged economic development and chamber organization. Under his watch, the group represented businesses in two counties near Louisville, Ky., and seven municipal entities on both sides of the Indiana-Kentucky border. It is credited with marshaling 47 business expansions and adding more than 5,000 jobs. “These last years I spent in a major metropolitan area dealing with companies ... trying obviously to sell products and services, but also dealing in a 21st century global economy,” he said. “I feel like I’ve been able to have true success in growing an economy.” Q: What do businesses need in a chamber? A: “They want or need a trusted agent, a trusted helper. (In Indiana) we envisioned ourselves as a business concierge – that idea that we should be the one businesses turn to if they have questions, needs for research or needs for a service provided to them. Their first call should be to the
Title: Incoming president and CEO, Columbus Chamber of Commerce Age: 52 Education: Bachelor’s in international affairs and humanities, U.S. Air Force Academy, 1981; master’s in English, University of Nebraska, 1989. M. Dalby Experience: CEO, One Southern Indiana, 2006 to present; CEO, San Angelo (Texas) Chamber of Commerce, 1998 to 2006; executive director, Alamogordo (N.M.) Chamber of Commerce, 1995-98; director of business and tourism development, Heber Valley (Utah) Chamber of Commerce, 1994-95; U.S. Air Force, 1981-93. Family: Married, five children chamber, and that’s something we need to develop.” Q: What role does the Columbus Chamber have in working with Columbus2020? A: “We’re all focused on growing the economy and on making this a worldclass city, but the chamber’s role is to be an advocate for the business community on public policy issues and make sure the business voice is being heard,” he said. Dalby singled out strengthening relationships with manufacturers as key to the chamber’s future, along with nurturing entrepreneurs and second-stage companies poised to break out onto the market. Q: The state is ratcheting up scrutiny of companies that don’t fulfill their job-growth pledges. How is that going to play into your work? A: “We have to be realistic when we work with companies and get them to not be too overly optimistic in growth projections but still be able to communicate growth potential. Companies are not looking for a lot and it’s nice to feel that the local community values them enough with a little tax phase-in or work-force assistance.” 614-220-5466 | firstname.lastname@example.org
| FEBRUARY 25, 2011
columbusbusinessfirst.com | BUSINESS FIRST
Hughey & Phillips deal shines light on expanding Ohio manufacturer PROTECTING PLANES FROM towers – and vice versa – is a growing enterprise for an entrepreneurial company in Urbana. BY DAN EATON | BUSINESS FIRST
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An Ohio manufacturer is growing, helped by a deal to acquire one of the aviation industry’s biggest names. Hughey & Phillips LLC, based in Urbana about 45 miles west of Columbus, has purchased the international obstructionlighting business of Germany’s Honeywell Airport Systems Group, a division of Honeywell International Inc. “This will be a great complement to our U.S. business,” Executive Vice President Rick Finkbine said. “The wind turbine market, which is more mature in Europe, is our major target.” The price of the February deal wasn’t disclosed. “This is one of the state’s targeted (development) industries and it fits well in our community,” said Mike Morris, Champaign County’s director of economic development. “There is a lot of potential growth.”
LIGHTING THE WAY Obstruction lighting may sound unfamiliar, but it is a niche market that – by design – is recognizable to many eyes. The business involves the flashing lights that top buildings and towers, warning aircraft pilots to the presence of tall structures. Hughey & Phillips has customers around the world, Finkbine said, but the addition of the Honeywell international business will add to that roster. Hughey & Phillips’ parent, Sarica Manufacturing Co., acquired the business in December 2009, when it bought Honeywell’s mostly U.S. obstruction-lighting business. Urbana-based Sarica is a custom manufacturer that caters to the aerospace, automotive and defense industries. It has supplied surface-mounted computer circuit cards to Hughey & Phillips since 2004, when Honeywell moved the business to Urbana. Finkbine declined to disclose annual sales for the operation but said between the acquisition and internal growth, the company expects to see its revenue rise 30 percent this year. Employment at Hughey & Phillips and Sarica is projected to top 70 workers this year from 49 full-timers between the companies, mostly on the Sarica side. Honeywell parted with the international business, Finkbine said, because the expanding wind turbine market didn’t interest the division that concentrates on aerospace. All the necessary equipment will be shipped from Honeywell International’s home outside Hamburg to Urbana, where the company plans to manufacture
SARICA MANUFACTURING CO., HUGHEY & PHILLIPS LLC Business: Makes computer circuit cards, obstruction lighting and other products for aerospace, automotive and defense industries. Based: Urbana Owners: Steve and Connie Schneider Employees: 49 2010 revenue: Would not disclose. Website: saricamfg.com, hugheyandphillips.com the products, Finkbine said. It also will establish an engineering and sales office in Germany for the European business, he said. Sarica was founded in 2005 by spouses Steve and Connie Schneider as a subcontractor to the aerospace industry. The company’s specialty is circuit cards, though it expanded into other lines, such as wire and cable harnesses, and supplies other industries. “(The Schneiders) embody the meaning of the word entrepreneur,” Morris said. “They recognize opportunities and have the wherewithal to pursue them.” The resurrection of the Hughey & Phillips lighting business is an example. Finkbine said the brand has a history that extends for several decades. It was a California-based business that was acquired in 1998 by Honeywell. The company dropped the Hughey & Phillips name in 2001 before relocating operations to Urbana, where it has a manufacturing operation that employs more than 600 workers. “It was a very complementary business,” Finkbine said.
BASE TO BUILD ON Finkbine said the Urbana area has deep roots in the aviation lighting industry, dating to entrepreneur Warren Grimes. His Grimes Manufacturing Co. in the city is credited with inventing in the 1930s the red, white and green navigation lights still used on the wings and tails of aircraft, according to the Ohio Historical Society. The organization said all American-made airplanes in World War II used Grimes-produced lights. Morris said Champaign County’s major employers operate in six of the state’s nine targeted growth industries. In addition to Honeywell, Rittal Corp., a German manufacturer of industrial closures and server cabinets, employs 650 workers at its North American headquarters there. KTH Parts Industries Inc., a supplier to Honda of America Manufacturing Inc., employs 900 workers in the county, and the world headquarters of Bundy Baking Solutions, a maker and supplier of commercial baking pans, is based there. 614-220-5462 | email@example.com
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FEBRUARY 25, 2011 |
Maddox NBD principals take business to Prime Engineering in deal Acquisition saves architecture firm after owners considered calling it quits over summer BY BRIAN R. BALL | BUSINESS FIRST
Prime Engineering & Architecture Inc. has acquired the remnants of Maddox NBD Architecture to expand into the design of senior housing and higher education projects that have served as the Dublin firm’s customer base. Maddox NBD had teetered on the brink of shutting down over the summer when the development pipeline for real estate projects showed little sign of filling up. The Feb. 10 completion of the acquisition S. Suguness: brings Maddox NBD Prime Engineering principals Jerry Maddox and Chris Bendinelli aboard as principals of the renamed Prime Maddox division of Prime Engineering. There are hopes of eventually rehiring some Maddox NBD designers let go last year. Prime Engineering J. Maddox: President Sugu SuguPrime Maddox ness said that a Sept. 3 article in Columbus Business First about the pressures facing Maddox NBD prompted him to call about an acquisition. “That gave me the idea of calling (Maddox) to see whether I could make use of their background and my background and
put something together,” Suguness said. Prime Engineering, based in northeast Columbus, has handled government projects around the country, but Suguness said the firm wanted to do more architecture projects in Columbus, across the state and elsewhere in the Midwest. “We wanted to use (Maddox NBD’s) experience to expand into the local market,” he said. About 60 percent of Prime Engineering’s revenue comes from engineering projects. The federal government accounts for about 75 percent of billings, with the rest from state and municipal projects. Maddox said the diversity of client bases “matched very well.” “We weren’t looking for someone with
PRIME ENGINEERING & ARCHITECTURE INC. Business: Architectural design, engineering, construction management and inspection and materials testing services. Based: Columbus CEO: Susheela Suguness President: Sugu Suguness Offices: San Antonio, Baltimore, Wallingford, Conn. Employees: 70 Area employees: 60 2010 billings: $7 million Website: primeeng.com clients in the same arena,” he said. Both firms, Maddox said, focus on customer needs and quality design. “We got to know each other very well,”
he said, “and we discovered early on that we share a lot of the same business values and solid business ethics.” Maddox had cited dim prospects for a revival of private-sector development projects as a key reason he and Bendinelli decided last August to wind down operations. While none of the roughly dozen workers the firm employed in mid-2010 will join Prime Maddox right away, Maddox said he expects the acquisition will lead to opportunities for some. “I’m optimistic,” he said, “through the acquisition and growth of the business that we’ll be able to bring those people back.” 614-220-5442 | firstname.lastname@example.org
| IN BRIEF | Sports Commission to highlight successful women athletes Building on its successful Morning Sports Report annual confab, the Greater Columbus Sports Commission is launching a similar program to put the spotlight on women athletes. The commission will hold its first Women’s Sports Report on March 15 at the University Plaza Hotel and Conference Center off Olentangy River Road. The program will highlight the accomplishments of three successful women’s teams – Ohio State University soccer and field hockey and Otterbein University soccer – and honor Franklin County girls who won high school state championships last fall. There also will be a panel discussion led by coaches of the teams, said sports commission Executive Director Linda Logan. It’s a model that has worked for the commission’s annual Morning Sports Report program, which gives fans a chance to hear from coaches, front-office executives and players from local teams. Logan said she saw a need to recognize the accomplishments of Central Ohio’s top women’s teams and athletes and received encouraging feedback for the idea from area businesswomen and sports leaders. “We think it has a lot of merit,” she said. Tickets cost $30 or $200 for a table. For information, go to columbussports.org. – JEFF BELL
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FEBRUARY 25, 2011 |
House sets up battle with Obama by cutting rules, federal spending BY KENT HOOVER | BUSINESS FIRST
HOUSE TARGETS REGULATIONS In addition to cutting federal spending by $61 billion, legislation passed by the U.S. House Feb. 19 also took a whack at government regulations. In a 235-189 vote, the House set up a spending showdown with the Senate and President Barack Obama by passing legislation that slashes the federal governmentâ€™s budget for the remainder of the fiscal year. The Senate wonâ€™t take up the measure until Feb. 28, when it returns from a week-long recess. That leaves Congress and Obama just days to agree on how to fund the government beyond March 4, when current legislation funding the government expires. If no agreement is reached, the federal government would shut down, except for essential operations. The Senate is unlikely to go along with the level of spending cuts in the House bill. Even if it did, the White House said the president would veto the House legislation because it â€œwould sharply undermine core government functions and investments key to economic growth and job creation.â€? House Republican leaders, however, said they would insist on at least some cuts in spending even if Congress passes a shortterm bill to keep the governmentâ€™s doors open. How the issue gets resolved will determine how much money is available for government programs, including ones that benefit business. The House, however, also used the spending bill to go after government regulations that have been criticized by many corporate groups. The bill includes amendments that would deny federal agencies money to implement health-care reform, regulate greenhouse gases or move forward with network neutrality rules for Internet service providers. Most of these amendments probably would fall by the wayside in a final spending agreement, but business groups opposed to these regulations are pleased the House is trying to block them. â€œIt sets the stage for continuing to work on those issues throughout this year,â€? said Bill Rys, tax counsel for the National Federation of Independent Business.
NOT ALL AGREEING In the days leading up to the spending bill vote, House committees held hearings on the harm overly burdensome regulations are having on the economy, Rys noted. NFIB opposed health-care reform, contending the law will force small businesses to offer more expensive insurance. It also joined a lawsuit challenging the lawâ€™s mandate for individuals to buy insurance, contending Congress has no right to compel Americans to purchase coverage. Not all business groups agree healthcare reform would hurt. John Arensmeyer, CEO of Small Business Majority, said the Houseâ€™s vote to block implementation of medical reform is a distraction â€œfrom
The spending bill passed by the House Feb. 19 would deny funds for: Moving forward with health-care reform. Implementing network neutrality regulations for the Internet. Regulating greenhouse gases emitted by stationary sources. Enforcing new rule on cement manufacturing emissions. Classifying coal ash as a hazardous waste. Establishing a database of consumer complaints about product safety.
â€˘ â€˘ â€˘ â€˘ â€˘ â€˘
Source: Full-Year Continuing Appropriations Act (H.R.1)
moving the ball forwardâ€? on key elements of the law that will help small companies, such as tax credits and insurance exchanges. â€œThis vote throws the benefits we gain from the Affordable Care Act into limbo and creates major uncertainty for small businesses,â€? said Makini Howell, owner of Plum Bistro in Seattle, Wash., and a member of the Main Street Allianceâ€™s national steering committee. â€œIâ€™ve been looking forward to saving money on health care thanks to the new law, but this vote to defund it has me seeing red.â€? Arensmeyer also challenged the notion that greenhouse gas regulations would hurt the economy by raising energy prices. He contends such regulations, which the EPA has proposed, would create jobs by stimulating the growth of new industries. Since 1970, when the Clean Air Act was enacted, more than 1.3 million jobs have been created in the environmental technology industry, Arensmeyer said. The EPA moved forward with rules to reduce greenhouse gas emissions, which most scientists believe contribute to global warming, after Congress failed to address it through legislation. Lack of congressional action also prompted the Federal Communications Commission to issue an order requiring Internet service providers to provide equal access to their networks to all legal providers of content, services and applications. Opponents of network neutrality regulation contend the FCC should keep its hands off the Internet. They added an amendment to the spending bill that would bar the agency from spending money to implement the new rule. The regulation â€œwill stifle innovation and investment in the Internet,â€? said Rep. Greg Walden, R-Ore. â€œIn the end, these are issues better determined by network engineers, entrepreneurs and consumers acting in a vigorous marketplace, not the subjective politicized judgments of a federal agency.â€?
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| LIST | FEBRUARY 25, 2011 PAGE 10
Research director: Nichole Collier email@example.com 614-220-5444
A DIFFERENT VIEW Central Ohio sales closed in 2010:
800 600 400
Schottenstein Real Estate
Source: Company representatives
NOTES Source: Company representatives NA-not applicable NR-not ranked last year WND-would not disclose DiYanni Homes Inc., ranked No. 14, Newbury Cos., ranked No. 15, and Jimenez-Haid Builders, ranked No. 21 last year, did not respond to survey.
FOOTNOTES 1. Owner-occupied units include all units that are designed for sale to individual owners, not renters or partnerships. The units may be detached or attached and are in Central Ohio. 2. Includes patio homes, other.
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Ranked by 2010 gross sales of Central Ohio owner-occupied units RANK RANK COMPANY NAME LAST ADDRESS YEAR CITY, ZIP PHONE • WEBSITE
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25
2010 GROSS SALES OWNER OCCUPIED HOMES 1 UNITS CLOSED : STARTED/ 2010/ CLOSED 2009
HOMES: SQUARE FOOT RANGE/ PRICE RANGE
HOME TYPES: PRODUCTION/ SEMICUSTOM/ TRUE CUSTOM/ CONDOS2
LOCAL FULLTIME EMPLOYEES
YEAR FOUNDED/ LOCAL TOP OFFICER/ CONSTRUCTION MANAGER
M/I Homes Inc. 3 Easton Oval, Suite 500, Columbus 43219 614-418-8000 • mihomes.com
$176 million/ $167 million
647/ 0/ 0/53
1976/ Theresa Collins/ Tom Simpson
Dominion Homes Inc. 4900 Tuttle Crossing Blvd., Dublin 43016 614-356-5000 • dominionhomes.com
$75.5 million/ $86.2 million
383/ 0/ 0/13
1952/ William Cornely/ NA
Fischer Homes 7965 N. High St., Suite 20, Columbus 43235 614-896-2555 • fischerhomes.com
$29.4 million/ $22.7 million
98/ 0/ 0/0
2008/ Jon Jasper/ Brian Lemity
Romanelli & Hughes Building Co. 148 W. Schrock Road, Westerville 43081 614-891-2042 • rh-homes.com
$28.6 million/ $32.2 million
1,800 and up/ $300,000 and up
0/ 9/ 34/8
1970/ David Hughes/ Vincent Romanelli
Maronda Homes 3811 Twin Creeks Drive, Columbus 43204 614-274-5775 • maronda.com
$26.6 million/ $31.4 million
129/ 0/ 0/19
1994/ John Oberlin/ Mark Scheel
Rockford Homes Inc. 999 Polaris Parkway, Suite 200, Columbus 43240 614-785-0015 • rockfordhomes.net
$25 million/ $21.3 million
52/ 0/ 0/21
1985/ Robert Yoakam Jr./ Donald Wick
Schottenstein Real Estate Group 2 Easton Oval, Suite 510, Columbus 43219 614-418-8900 • sregroup.com
$24.9 million/ $18 million
0/ 0/ 0/110
1976/ Gary Schottenstein/ Charles Evans
Westport Homes Inc. 507 Executive Campus Drive, Suite 100, Westerville 43082, 614-891-8545 • westport-home.com
$23.8 million/ $23.2 million
119/ 0/ 0/0
2004/ Jack Mautino III/ Bill Lange
Village Communities Real Estate Inc. 470 Olde Worthington Road, Suite 101, Westerville 43082 614-540-2400 • villagecommunities.com
$23.2 million/ $21 million
0/ 0/ 0/164
1998/ Tré Giller/ Joe Thomas Jr.
Lifestyle Communities 230 West St., Suite 200, Columbus 43215 614-882-2500 • lifestylecommunities.com
$10.9 million/ $16.4 million
14/ 0/ 0/70
1996/ Michael DeAscentis II/ Brent Miller
P&D Builders Ltd. 59 Greif Parkway, Suite 100, Delaware 43015 740-201-8079 • pndbuilders.com
$8.6 million/ $9.5 million
2,000-12,000/ $300,000$1.3 million
0/ 0/ 17/0
1962/ Mac Roberts/ Darin Hilt
Silvestri Homes Ltd. 7040 Africa Road, Galena 43021 614-890-3616 • silvestrihomes.com
$7.6 million/ $8.4 million
2,000 and up/ $250,000 and up
0/ 10/ 10/0
1960/ Carlo Silvestri, Joe Silvestri/same
Tuckerman Development Co. 5000 Kitzmiller Road, New Albany 43054 614-775-4002 • tuckermandevelopment.com
$7.5 million/ WND
5,000-18,000/ $850,000$5 million
0/ 0/ 4/0
1967/ Steven Tuckerman/ same
Homewood Corp. 2700 E. Dublin-Granville Road, Suite 300, Columbus 43231, 614-898-7200 • homewood-homes.com
$6.8 million/ $8 million
29/ 0/ 0/0
1963/ James Lipnos/ Keith Pecinovsky
Ralph Fallon Builder Inc. 5755 Zarley St., New Albany 43054 614-775-9190 • fallonbuilders.com
$6.7 million/ $6.8 million
5,000-20,000/ $1.5 million$10 million
0/ 0/ 2/0
1978/ Ralph Fallon/ same
3 Pillar Homes 5241 Summer Ridge Lane, Galena 43021 740-548-8599 • 3pillar.com
$6.7 million/ $6 million
2,600-10,000/ $250,000-$1.5 million
0/ 0/ 21/0
1998/ Zenios Michael Zenios/ Brent Cantrell, Billy Finn
Compass Homes 6537 Old Ironside Lane, Delaware 43015 614-885-8300 • compasshomes.com
$4.7 million/ $3.1 million
2,000-7,000/ $250,000-$1 million
0/ 0/ 9/0
2000/ Mark Braunsdorf/ Chad Wackler
Michael Edwards Building & Design Inc. 495 S. High St., Suite 150, Columbus 43215 614-241-2070 • michaeledwardsbuilding.com
$4.6 million/ $5.1 million
3,000 and up/ $500,000 and up
0/ 0/ 5/0
1992/ Michael Edwards/ same
Virginia Homes 10104 Brewster Lane, Suite 100, Powell 43065 614-764-1953 • virginia-homes.com
$3.8 million/ $6.3 million
0/ 3/ 0/3
1953/ Charles Ruma/ Pete Albanese
Kevin Knight & Co 70 W. Olentangy St., Powell 43065 614-885-2400 • kevinknightco.com
$3.2 million/ $2.8 million
1,500-15,000/ $750,000$10 million
0/ 0/ 3/0
1981/ Kevin Knight/ same
Gossing Construction Co. 35 S. Galena Road, Suite A, Sunbury 43074 740-965-0822 • gossingconstruction.com
$2.9 million/ $2.7 million
2,000-8,000/ $300,000$1.5 million
0/ 0/ 4/0
1978/ Dominic Giordano/ Michael England
Dunmoor Homes 5013 Pinecreek Drive, Westerville 43081 614-895-9910 • dunmoorhomes.com
$2.8 million/ $6.5 million
8/ 1/ 3/0
1996/ Gary Dunn/ Bill Moorhead
Tuckerman Home Group Inc. 64 E. Broad St., Columbus 43215 614-232-8700 • tuckermanhomegroup.com
$2.7 million/ $3.9 million
1,800-6,000/ $250,000$2 million
0/ 7/ 0/0
1992/ Craig Tuckerman/ same
Heninger Homes Ltd. 5407 Medallion Drive E., Westerville 43082 614-890-0160 • NA
$2.4 million/ WND
4,000-12,000/ $1 million$4 million
0/ 0/ 1/0
1988/ Greg Heninger/ same
Kenric Fine Homes 2728 Jewett Road, Powell 43065 614-846-3175 • kenricfinehomes.com
$2.3 million/ $1.8 million
2,000 and up/ $350,000 and up
0/ 2/ 2/0
1996/ Kenneth Brengartner/ same
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FEBRUARY 25, 2011 |
Analysts like news, entertainment giant, but company is too complex Dear Mr. Berko: In late 2007 I bought 400 shares of News Corp. at $25.05 and it’s been downhill since. I should have sold it when it broke $20, but my broker told me to hold the stock. Then I should have bought 400 more shares on my broker’s advice in late 2009, when it got down to $6, but I panicked. Now it’s trading at $17. Please tell me your opinion on News Corp. (it has two stock classes) and if you think that the economies of the U.S. and Europe will recover enough to move the stock back to my purchase price this year.– N.W., Fort Walton Beach, Fla. Dear N.W.: News Corp. (Nasdaq:NWS), which is run by the Aussie Rupert Murdoch and Kingdom Holding of Saudi Arabia, owns Fox News. It also owns 20th Century Fox Studios, which produced Chronicles of Narnia: The Voyage of the Dawn Treader, Avatar, X-Men and Ice Age. News Corp. also owns the popular pay-TV companies Sky Italia, Sky Deutschland and Sky U.K., as well as MySpace, hit TV programs such as 24 and American Idol, publisher HarperCollins, plus a humongous film library that includes Star Wars, X-Files and The Simpsons. Murdoch and Kingdom also own the Wall Street Journal, Barron’s, New York Post and a few smaller U.S. papers. But he and his Saudi friends don’t stop there. News Corp. owns the London Times, Sunday Times and The Sun in the United Kingdom, and 147 newspapers in Australia. They hold a plethora of digital media properties and outdoor advertising properties in Russia and eastern Europe, plus 27 television stations in the United States. And Murdoch’s cable network programming, via its direct broadcast satellite, distributes programming in Latin America, Asia and Europe. That’s just a peripheral overview of the $34 billion worldwide entertainment and news company with 54,000 employees. News Corp. has more moving parts than a trainload of Swiss watches. The company has a solid financial foundation, share earnings are expected to grow to $1.05 this year from 95 cents, and the dividend should come in at 16 cents. News Corp. has a comfortable book value of $10.10 a share, decent net profit margin of 7.8 percent, plus a growing and healthy cash flow of $1.40 per share. There are just 2.6 billion shares outstanding. Standard & Poor’s, Ned David, Credit Suisse and a few other stock rating biggies have a “buy” on News Corp.’s shares with a 12-month target price at $18 to $23. But this price requires that News Corp. trade at a price-to-earnings ratio of 20, which I believe is too high. While I question Stan-
On stocks MALCOLM BERKO
dard & Poor’s “buy” advice (it never offers “sell” advice), I acknowledge a grudging admiration for the folks at Ned David and Credit Suisse. That admiration isn’t, however, enough to encourage my agreement with their
strong “buy” ratings on News Corp. shares. News Corp. may be a go-to stock for some investors looking to increase their foreign exposure, but the shares don’t light my corncob pipe. I don’t care for its two classes of stock – voting and non-voting shares – and I think MySpace has lost its cachet, while News Corp.’s cable properties are losing subscribers and advertising to the Internet. As the economies of Europe stagnate, I think News Corp.’s advertising revenue will be hurt, and there may be a long, arid
spell before another Avatar or Ice Age reaches an audience. News Corp. is a conundrum of moving parts that I can’t get my hands around, and its moving parts have moving parts that run in different directions at the same time, sort of like particles in a quantum physics equation. I rate the stock as neutral, and I don’t think it has a Mad Hatter’s chance in Wonderland of returning to the $25.05 you paid in 2007. MALCOLM BERKO is an investment specialist. Address questions to him at P.O. Box 8303, Largo, Fla. 33775. firstname.lastname@example.org
Introducing the Top Corporate Counsel Awards! Columbus Business First will recognize outstanding in-house corporate attorneys in Central Ohio with its Top Corporate Counsel Awards program. Honorees will be in-house corporate attorneys who are leaders in their company or industry, exhibit high ethical standards, and possess exemplary professional skills. Eligibility Nominees must be in-house corporate counsel in the Central Ohio region, and must have at least one year of service at his/her current workplace. Judging Honorees will be selected by an independent panel of judges based on examples of success in the workplace, leadership in business, how important legal cases were handled and contribution to company’s reputation. Awards One honoree and up to two honorable mention awards will be given based on staff size. Q Top General Counsel – solo Q Top General Counsel – attorney staff of 2-10 Q Top General Counsel – attorney staff 11 or more Additional honors will be given for these specialized awards: Q Champion of Diversity Q Community Outreach & Service Application Space Supplement Q Rising Star deadline: deadline: published: Q Mentor/Coach MARCH JUNE JUNE Q Lifetime Achievement
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Landscape companies-design and construction
| LIST | FEBRUARY 25, 2011 PAGE 12
Research director: Nichole Collier firstname.lastname@example.org 614-220-5444
A DIFFERENT VIEW Employees at peak season: 150
Rocky Fork Co.
Madison Tree & Landscape
Davey Tree Expert
Five Seasons Landscape
Source: Company representatives
NOTES Source: Company representatives NR-not ranked last year McCullough’s Lawn & Landscape, ranked No. 10 on design section last year and Yard Solutions, ranked No. 4 on maintenance section last year, declined to answer survey. The list includes the top 25 companies divided into two categories based on revenue breakdown in these categories. Several companies on the list could fit into either category.
FOOTNOTES 1. Jeffrey Tarrier is top officer
KEY Revenue by type of service: D – design and architecture C – construction and planting M – maintenance and lawn
care R – retail nursery and garden center O – other (irrigation, lighting, snow removal)
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Ranked by 2010 Central Ohio revenue
RANK RANK COMPANY NAME LAST ADDRESS YEAR CITY, ZIP PHONE • WEBSITE
1 2 3 4 5 6 7 8 9 10 11
2010 CENTRAL OHIO REVENUE
REVENUE BY TYPE OF SERVICES
EMPLOYEES: YEARROUND/ AT PEAK SEASON
PARTIAL LIST OF SPECIALTIES OR SERVICES
YEAR FOUNDED/ OWNER/ LOCAL TOP OFFICER
Peabody Landscape Group 2253 Dublin Road, Columbus 43228 614-488-2877 • peabodylandscape.com
D-1%, C-48%, M-43%, O-8%
Relaxed outdoor living design and construction, residential maintenance, irrigation and lighting
1982/ David Peabody/ same
WinnScapes Inc. 6079 Taylor Road, Gahanna 43230 614-866-9466 • winnscapes.com
D-1%, C-20%, M-40%, O-39%
Residential and commercial maintenance, residential outdoor living spaces, snow/ice removal
1981/Richard Winnestaffer, Carl Morris Jr./Richard Winnestaffer
Hidden Creek Landscaping Inc. 1745 Atlas St., Columbus 43228 614-777-4254 • 2thecreek.com
C-50%, M-25%, O-25%
Travertine paver patios, smart irrigation systems, shade sails, property enhancement
1998/Matt Seiler, Jason Cromley/ Jason Cromley
Builderscape Inc. 7500 Industrial Parkway, Plain City 43064 614-889-2533 • builderscape.com
C-70%, M-15%, O-15%
Pool construction, hardscapes, maintenance, landscape installation
1981/ Chris Matthews/ same
Wood Landscape Services Ltd. 4756 Scioto Darby Road, Hilliard 43026 614-529-0700 • woodlandscape.com
D-1%, C-54%, M-45%
Maintenance, lawn care, design, outdoor rooms
1990/ Thomas Wood/ same
Madison Tree & Landscape Co. P.O. Box 71, West Jefferson 43162 740-852-5422 • madisontree.com
D-2%,C-45%, M-20%, R-13%, O-20%
Retail, pavers, design, build
1986/ David Spegal/ Heath Henry
Riepenhoff Landscape Ltd. 3872 Scioto-Darby Creek Road, Hilliard 43026 614-876-4683 • riepenhofflandscape.com
D-4%, C-49%, M-31%, O-20%
Design-build, lawn care, estate maintenance, irrigation
1974/Steve Purcell, Ellen Gallucci Purcell/ Steve Purcell
9 Trees Landscape Construction 5522 Center St., Hilliard 43026 614-921-9595 • 9treeslc.com
C-80%, M-15%, O-5%
Residential design-build and maintenance
2002/ Matthew Forchione/ same
Terra Horticultural Services Inc. 11515 Taylor Road, Plain City 43064 614-873-6242 • terrahort.com
C-57%, M-36% O-7%
Landscape design with digital imaging, hardscape and plant installation, maintenance
1992/ Jeff Stroupe/ same
Simes Landscape Inc. 6326 N. Section Line Road, Radnor 43066 614-332-0335 • simeslandscape.com
D-1%, C-90% O-9%
Pavers, design-build, retaining walls, raised paver decks, plant installation
1999/Dion Petersimes, Stephanie Petersimes/ Dion Petersimes
Rhoads Landscaping 105 Route 56 E., Circleville 43113 740-474-2028 • rhoadslandscaping.com
D-2%, C-78%, M-10%, O-10%
Design-build, shade and ornamental trees, hardscapes
1958/ Jeremy Neff/ same
Landscape companies-maintenance Ranked by 2010 Central Ohio revenue
RANK RANK COMPANY NAME LAST ADDRESS YEAR CITY, ZIP PHONE • WEBSITE
1 2 3 4 5 6 7 8 9 10 11 12 13 14
2010 CENTRAL OHIO REVENUE
REVENUE BY TYPE OF SERVICES
EMPLOYEES: YEARROUND/ AT PEAK SEASON
PARTIAL LIST OF SPECIALTIES OR SERVICES
YEAR FOUNDED/ OWNER/ LOCAL TOP OFFICER
Davey Tree Expert Co. 8101 Corporate Blvd., Plain City 43064 614-873-4007 • davey.com
C-20%, M-70%, O-10%
Grounds maintenance, landscape construction, tree care, irrigation, snow removal
1930/ Employee owned/ Keary Doon
Scotts LawnService 14111 Scottslawn Road, Marysville 43041 800-221-1760 • scottslawnservice.com
1998/ Scotts Miracle-Gro Co./ Peter Korda
Five Seasons Landscape Management Inc. 9886 Mink St. S.W. Rear, Reynoldsburg 43068 740-964-2915 • fiveseasonslandscape.com
C-13%, M-60%, O-27%
Commercial maintenance, snow removal, irrigation, lawn care
1997/Bill Leidecker, Steve Woods/ Bill Leidecker
Buckeye Landscape Service Inc. 6608 Taylor Road, Blacklick 43004 614-866-0088 • buckeyelandscape.com
C-20%, M-70%, O-10%
Grounds maintenance, site development, construction, irrigation installation and service
1966/Kevin McIntyre, Garry Schwartzkopf/ Kevin McIntyre
Rocky Fork Co. 11231 Johnstown Road, New Albany 43054 614-855-7722 • rockyfork.com
C-15%, M-38%, O-47%
Landscape maintenance, and construction, snow removal, fencing
1991/Brian Bailey, Michael McIntosh/ Brian Bailey
Hickman Lawn Care 2809 Harrisburg Station Lane, Grove City 43123 614-875-6400 • NA
C-1%, M-67%, O-31%
Landscape maintenance, irrigation, tree and shrub planting, snow removal
1979/Donald Hickman, David Hickman/ Donald Hickman
Benchmark Landscape Construction Inc. 9600 Industrial Parkway, Plain City 43064 614-462-8080 • benchmarkohio.com
C-30%, M-55%, O-15%
Hardscape installation, planting, landscape and turf maintenance
1996/Ed Veley, Mark Chamberlain/ Ed Veley
Klamfoth Inc. 6630 Hill Road N.W., Canal Winchester 43110 614-833-5007 • klamfothinc.com
C-20%, M-55%, O-25%
Landscape design-build, water features, landscape and holiday lighting, paver patios
1985/Scott Klamfoth, Pam Klamfoth/ Pam Klamfoth
Buck & Sons Landscape Service Inc. 7147 Hayden Run Road, Hilliard 43026 614-876-5359 • buckandsons.com
D-5%, C-25%, M-65%, O-5%
Landscape maintenance commercial and residential, design-build and installation, patios and driveway
1972/ Charles Buck, Steven Buck/same
Spellacy’s Turf-Lawn Inc. 6555 Plumb Road, Galena 43021 740-965-5508 • turflawn.com
C-25%, M-60%, O-15%
Comprehensive property maintenance, landscape lighting, design-build
1978/ Chris Spellacy/ same
Site Maintenance Co. 4984 Scioto-Darby Road, B-4, Hilliard 43026 614-529-6900 • tmrco.com/sitemain
D-1%, C-13%, M-66%, O-20%
Digital design, pond foundation, maintenance, irrigation, design installation and service
1987/Taggart Management & Real Estate Services Inc.1
Yard Barbers Inc. 2814 Delmar Drive, Columbus 43209 614-253-5636 • yard-barbers.com
D-5%, C-25%, M-50%, O-20%
Landscape design and maintenance, outdoor entertainment areas, irrigation
1982/ Andy Meyer/ Edward Young
GAG Inc. P.O. Box 428, Groveport 43125 614-275-6117 • NA
C-10%, M-52%, O-38%
Snow removal, lawn maintenance, landscape, irrigation
1991/ Gary Geertson/ same
M&I Landscapes P.O. Box 307540, Gahanna 43230 740-924-2770 • mandilandscapes.com
D-2%, C-30%, M-45%, O-23%
Landscape design-build, hardscapes, lawn care and landscape maintenance, snow removal
1997/ Anthony Mampieri/ same
BUSINESS FIRST | columbusbusinessfirst.com
FEBRUARY 25, 2011 |
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Kasich ‘idiot’ comment overshadows JobsOhio bill
Columbus Chamber names new CEO
Gov. John Kasich celebrated his first major publicpolicy victory Feb. 18 when he signed his pet JobsOhio economic development bill into law during a ceremony at the Statehouse. But the moment may not be as sweet as it could have been given the public-relations beating Kasich is taking over his “idiot” comment that went viral on the Internet this week. The video shows Kasich telling a group of state employJEFF ees that a police officer BELL who gave him a traffic ticket on Route 315 in Columbus three years ago was an idiot and did not treat him with the sort of respect public employees should show. Kasich has since apologized to the officer. Unions are using the video to portray Kasich, a Republican, as an out-of-control politico who doesn’t respect law enforcement officers. It’s a nice fit with their efforts to derail Republican-backed legislation that would end collective bargaining rights for state employees and weaken the bargaining ability of local public unions such as police, firefighters and teachers.
The Columbus Chamber of Commerce has turned to Michael Dalby, a business development specialist from southern Indiana, to serve as its president and CEO. Dalby was introduced Feb. 23 during the chamber’s annual meeting at the Greater Columbus Convention Center. Dalby, 52, has served for five years as CEO of One Southern Indiana, a business development organization in New Albany, Ind. He is credited with assisting on 47 company expansions in the region north of Louisville, Ky., and leading economic development projects that added more than 5,000 jobs and $249 million in capital investment, according to the Columbus chamber.
Cherry Valley Lodge sells at auction for $5 million The Cherry Valley Lodge and CoCo Key Water Resort in Newark sold at auction Feb. 17, although the identity of the buyer may not emerge until the deal closes in March. The 200-room conference hotel went through an online auction with nine other hotels anchored by CoCo Key water parks starting Feb. 22. Denver-based Sage BRIAN Hospitality LLC, the BALL partnership that owns and operates the resorts in conjunction with Wave Development LLC of Milwaukee, put the properties on the market through the brokerage Jones Lang LaSalle’s auction.com website. Bidding for Cherry Valley started at $2.9 million and ended with a $4.97 million winning bid. The auction notice said the reserve price, or the minimum acceptable bid, had been met. “That’s a hell of a deal at $24,500 a room,” said Eric Belfrage, a hotel marketing specialist at the CB Richard Ellis Group Inc. real estate brokerage. Wave Development had valued the property at $36 million last fall. The Licking County Auditor’s Office had set a $20 million value for property tax purposes.
FILE PHOTO | JANET ADAMS
Campus Partners seeks input Developers are getting their crack at suggestions for rebuilding a section of North High Street near Ohio State University’s campus and 5 ½ acres adjacent to the South Campus Gateway complex. Campus Partners for Community Urban Redevelopment, the university’s real estate arm, on Feb. 16 sent out a “request for information” soliciting ideas from developers. It lays out five zones in which Campus Partners has amassed land and asks for ideas, but warns that any developers thinking of expanding the land parcels by buying out adjacent property owners will be disqualified for development of Campus Partners sites if they try to make those deals now. The organization is trying to shield those property owners from being buffeted, Campus Partners President Doug Aschenbach has said.
Rival Indy airport growth plan takes flight A competitor of Columbus’ airports has put together a 30-year development plan that outlines the creation of a so-called “aerotropolis” that could include air and ground cargo facilities, freight-related businesses, conference centers, hotels and offices. The plan released by Indianapolis Airport Authority, which runs six airports
– CARRIE GHOSE
Samuel Adams beer founder launching microlending program Ohio native and founder of the company that brews Samuel Adams beer has rolled out a small-business microlending program in Ohio. Jim Koch, chairman of Boston Beer Co., this month announced the Samuel Adams Brewing the American Dream program at the company’s Cincinnati brewery. ADRIAN The program will offer BURNS small loans of between $500 and $18,000 to lowto moderate-income owners of companies in the food and beverage industries. Loans of that size are typically tough to get from traditional sources for tiny companies that are just getting started, said Koch, who founded Boston Beer Co. in 1984. “I learned that a small business needs a couple of things that are in short supply,” Koch said. “The first is money, and the second is good advice.”
in the midsize city 175 miles west of Columbus, lays out how the airport will develop and profit from the land it owns. It also details plans for partnerships with Indianapolis-area economic development groups. “By 2040, when the development is expected to be complete, revenue projections range from $30 (million) to $63 million annually,” the authority said in the report. Long seen as a competitor to Port Columbus International Airport and other area airports run by the Columbus Regional Airport Authority, the Indianapolis Airport Authority said it expects to grow its economic clout.
Snow muffles January traffic at Port Columbus Weather-related flight cancellations and a drop in Ohio State University football fans flying charters to the Sugar Bowl led to a slight decline in traffic at Port Columbus International Airport to start the year, the Columbus Regional Airport Authority said Feb. 22. The airport said 446,431 passengers used Port Columbus in January, down nearly 1 percent from 449,827 a year ago. The stumble was in contrast to all of 2010, when traffic was up 2 percent, marking the first annual increase in three years. David Whitaker, vice president of business development and communications for the airport authority, in a release blamed the drop on nearly 200 flight cancellations during the month and about 3,800 fewer charter passengers, making for a “slow start.” Port Columbus enjoyed a strong showing of charter flights in January 2010, when the Buckeyes played in the Rose Bowl, a fan favorite.
Coleman wants $30M for street improvements COURTESY WORTHINGTON INDUSTRIES
Worthington to merge unit Worthington Industries Inc. is combining its struggling metal framing unit with an Ohio company in a joint venture that will mean a new majority owner for the unit and several plant closures, the company said Feb 22. Columbus-based Worthington said it has an agreement in principle to combine its Dietrich Metal Framing unit with ClarkWestern Building Systems of West Chester. MarubeniItochu Steel America Inc. of New York will take a 75 percent stake and its management team will run the business, while Worthington will retain a 25 percent interest. The new venture will be composed of 13 plants, meaning Worthington will close seven of Dietrich’s 13 sites over a three- to six-month period.
Columbus Mayor Mike Coleman is proposing a $30 million street resurfacing outlay as part of a capital spending budget set for a City Council vote next month. Coleman’s office on Feb. 22 said the resurfacing proposal, part of a proposed $152 million capital improvements budget, is the largest of its kind in a single year of the city’s history. Bolstered by revenue from an income tax hike approved in 2009, Columbus spent about $20 million of its $130 million capital budget last year on resurfacing, Coleman spokesman Dan Williamson said. The 2011 project encompasses 141 streets and dozens of alleys. The $30 million proposal also sets aside $4 million for new sidewalks and about $3.5 million for improvements aimed at bicyclists.
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Performance Training Services President Steve Hazelbaker said his company works with individuals and companies to provide marketable skills.
So you think you can do it yourself
FEBRUARY 25, 2011
love the ads on television for the tax and accounting software available to the consumer. Many taxpayers buy the software and feel empowered as an expert in the accounting field. They believe they don’t need to seek the professional advice of an accountant. But the software is only as good as the person inputting the information. I recommend having an expert review your accounting records and tax returns if you prepare them. There is a reason certified public accountants in public accounting have to take 40 hours a year of continuing education to keep their certificates up to date. Don’t use people who have no education in accounting or taxes prepare your tax returns. What if you are audited by a government agency? Spending the money to get the job done right will end up saving you money. I had a client who told me he obtained his divorce online. I thought he was kidding me. I am sure there are people buying software to prepare their own wills, too. Hire professionals to do your legal work, including setting up contracts. It may end up costing more in the long run to fix the problems from buying advice online from people you don’t know. I had a client who used his neighbor to prepare his management agreement. His neighbor was a lawyer, but didn’t prepare contracts. When the partners decided to split, my client found out there wasn’t an exit clause in the contract. He used the wrong kind of lawyer to prepare the initial contract and had to hire another lawyer to fix it and end the partnership. If he’d spent the money up front, it would have cost him less money and aggravation. The Internet and friends are not a replacement for professional advice. If you own a business, seek professional advice for your legal and accounting needs. SUE SCHNITZ owns Perfect Balance in Bexley, a small-business accounting and consulting firm. email@example.com
Editor: Katy Waters | firstname.lastname@example.org | 614-220-5468 columbusbusinessﬁrst.com
PERFORMANCE TRAINING SERVICES gives displaced and young workers construction skills so they’re ready when the industry comes back.
BY CRAIG LOVELACE | FOR BUSINESS FIRST
f you believe the numbers and comments, the training services a Columbus company is offering to contractors and those looking to break into the construction industry are coming at a good time. An aging work force coupled with the beat-up building trade prompted a number of people who operate cranes, backhoes, excavators, skid steers and the like to leave the industry. “The situation is we have driven so many people out of the industry,” said Randy Giggard, manager of the market information group at FMI Corp., a Raleigh, N.C.-based company that provides management and investment banking services to the construction industry. “The issue is, as the market picks back up – which we think will happen in 2012 – who will be coming back?” Officials with Columbus-based Performance Training Services believe they can help fill a need by teaching others how to run and maintain the heavy equipment used in construction. The company since 2004 has run a training school that is part of a group of construction-related companies working under the umbrella of Performance Site Group. Getting into the training end of the industry came at the right time for the company, said Steve Hazelbaker, president of the training school. “Eight years ago, we had a lot of small and familyowned companies, but with today’s market, with all of the federal regulations and insurance (requirements), there just isn’t that many small companies that can afford to train,” said Hazelbaker, who refers to the school as “blue-collar college” in a video on the company’s website. Since entering the training end of the construction industry, the company has taught more than 2,000 at its Columbus site and two locations in Texas. Performance has been providing training since 2004, but until last year it worked SEE TRAIN, PAGE 16
PHOTOS BY JANET ADAMS | BUSINESS FIRST
Instructor Donnie Myers, left, works on construction math with Tracy White, middle, and Geoff Metz during his class at Performance Training Services. Above, Glenn Breckenridge practices driving a bulldozer at Performance Training’s instructional field in southeast Columbus.
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A of pprov HR ed CI S fo tra r 2 teg hou ic C rs red it
CALLING JANET ADAMS | BUSINESS FIRST
Kyle Tremain, foreground, practices backhoe skills at Performance Training’s heavy equipment school.
As an extension of Columbus Business First’s Best Places to Work program, Best Places, Best Practices is a three-part seminar series for HR professionals. With the support and expertise our partners Anthem, McGohan Brabender and HRACO, the Best Places, Best Practices seminar series will provide continuing education credit for Employment Law Updates and Health Care Reform requirements.
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2011 EMPLOYMENT LAW UPDATE When: March 17, 8 a.m. – 11a.m. Where: Sparkspace in the Arena District What: 2011 Employment Law Update: Moving from Tactical to Strategic, presented by Scott Warrick, JD, MLHR, CEQC, SPHR Cost: FREE when you subscribe, or $25 per ticket. Scott Warrick specializes in working with organizations to prevent employment law problems from happening while improving employee relations. Scott uses his unique background of law and human resources to help organizations get where they want to go.
If you haven’t made at least five revisions to your HR policy, then your policy is out of date. What you’ll learn: QUnderstand what it REALLY means to be a strategic partner. QUnderstand the legal differences between contracts and policies. QUnderstand what critical mistakes HR professionals make. QUnderstand what has happened in the law and what tactical changes HR professionals must make.
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Mark your calendar for upcoming Best Places, Best Practices Seminars: June 23 and September 15
TRAIN: Certification key for students Training provides crane and truck-drivFROM PAGE 15 with Wisconsin-based ATS Heavy Equip- ing training. The company offers career ment Operator Schools as a partner to counseling to graduates with the hope of matching them to open jobs around the provide the training. “They were reaching out to people in country. Lorenz said Performance Training asvarious regions, and we were big into the site development end of it,” Hazelbaker sesses students before training starts: Do they like to travel or work close to home? said. Performance Training was happy work- What’s their background? There are six levels of training, each ing as basically a franchise of ATS, but last year the relationship came to an end when corresponding to certain equipment, and the latter chose to forgo having its training whose costs vary. For someone who comcertified by the National Center for Con- pletes all six levels, the cost can reach struction Education and Research, which $25,000. Hourly wages for the fields Performance Training caters toward can range was a big deal to Performance Training. from $16 to $32, Hazelbaker “We felt that was what said, though that too depends the student believed they on what the person is willing needed, and we felt that PERFORMANCE to do. He said, for instance, a was what the student needTRAINING SERVICES graduate of the training classes ed,” said Dan Lorenz, CEO took a job operating a crane in of Performance Site Group. Business: Provides trainIraq for $100,000 annually. The company hired six sales ing service for heavyTube City IMS of Glassport, equipment operators. representatives after splitPa., has been using PerforBased: Columbus ting with ATS. mance Training in the past Locations: Columbus, The construction educayear to train its employees, and Wills Point, Texas and tion center was established to cherry pick graduates who Rockdale, Texas by industry leaders in the might fit into jobs with the Top officer: Steve mid-1990s as a way to creglobal provider of steel mill and Hazelbaker, president ate standardized training foundry services. Annual revenue: methods that could be por“They train the people who $5 million to $10 million table. The NCCER label atwant to be an operator, and we tached to a tradesperson’s Website: have jobs that need operators,” resume ensures he or she newperformance.biz said John Carroll, senior vice has completed the curricupresident of human resources lum designed by the center. for the company. “These methods are Carroll especially likes the outdoor taught across the board the same way,” said Jennifer Wilkerson, marketing direc- training areas at Performance Training because they provide real-life practice for tor for the organization. She said the center is rigorous in making the operator, which ultimately improves sure training schools such as Performance Tube City’s efficiency and safety. For inTraining or the 700 technical colleges stance, one of its services is removing steel where the center’s methods are taught are slag, and it’s important for the equipment operator not to let the tires roll over the audited every three years. Wilkerson said the average age for slag. Performance Training training reinsomebody employed in the construction forces that idea during training. “Our services are very unique, and they industry is 48, adding that estimates put the looming labor shortage in the trade do stuff on their site that can help us,” he said. The company is now discussing havbetween 350,000 and 700,000. Performance Training runs classes on a ing Performance Training develop a custhree-week cycle at its Performance Park- tomized training curriculum and having way location on the southeast side of Co- it brought to Tube City’s turf for instruclumbus. The facilities include classrooms, tion. Lorenz said the training business has offices, a workshop area of 25,000 square feet and outdoor training fields encom- been productive, generating annual sales of between $5 million and $10 million. passing about 5 acres. “It’s been a good business the whole Performance Training also customizes training and will conduct it on a client time we’ve had it,” he said. “But now we’re focusing on more industries rather than company’s site. The courses are taught by veteran equip- just construction.” ment operators and consultants. In adCRAIG LOVELACE is a freelance writer. dition to heavy equipment, Performance
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FEBRUARY 25, 2011 |
Reach for that wild goal and just keep getting better
o you have a four-minute mile? You probably know that Sir Roger Bannister is credited as the first person to break the four-minute mile in track. He did it in 1954 at an event in Oxford, England. For 89 years since records were kept, the buffer to the elusive four-minute barrier took a pounding like a steady erosion of the shore of a Lake Michigan bluff. When Bannister broke through in 1954, the previous record stood for nine years. Bannister didn’t drink energy smoothies, strawberry flavored goo, or have an entourage of personal trainers, acupuncturists and weight coaches. He didn’t have a PR machine. He happened to be fast. His natural talent for speed made him good, but his determination to improve and belief in his abilities made him famous. There are a couple of things you might take from Bannister’s feat and apply toward your selling efforts. One is the renewed training commitment Bannister made toward breaking the record. He had been a darned good runner up to then, but he realized the record would not likely succumb to talent alone. It would require a new level of training on his part. If you’re good at selling and have a track record to prove it, you might privately conclude that you’ve got this sales game figured out. You might feel you have little left to learn. You might have certificates from dozens of training classes you’ve been required to attend by the various companies you’ve worked for. You might have
Sales Talk MARK SELLERS
taken an attitude of “just get through it” for some of that training. You might believe that you’re a seller who is born, not made. What more can you possibly learn about something you’ve done so well for so many years? The second is a change in mental state. It’s probably fair to say that the four-minute mile was a global mental barrier. Maybe so many people privately believed it was impossible that it created some kind of an impenetrable forcefield around the world. It stood for 89 years. For nine years, the record was practically a stride or two away, less than a second and a half over four minutes. Bannister was so good that he was identified by Olympic committee staff in England as a candidate for the team entering the 1948 games. But he did not accept the invitation because he didn’t believe he was good enough. He got better leading up to the 1952 Olympics in Helsinki, Finland, in which he competed. However, he did not win a medal at those games. After, he considered giving up the pursuit, but changed his mind. He convinced himself that the four-minute barrier was within reach. When was the last time you set your sights on a big goal that deep down you
really wanted to achieve? Are you hesitant to commit to it because you have yet to believe in it? Is the power of belief the only thing left to give your cause the energy it takes to cross the finish line to your personal victory? Author Jim Collins encourages executives in his bestselling book Built to Last to identify a BHAG, a big, hairy, audacious goal to break through the status quo and reach new heights of performance. Achieving a BHAG at first seems to take a new level of effort beyond anything the individual or team has ever attempted. Beyond the tangible difference in effort, strategy, time or execution required, there’s an energy that this mindset taps into that’s almost like a sixth man on the basketball court. As impressive as Bannister’s feat was, I also am inspired by the events that occurred after the new record was set. In the year of the record, several runners were credited with running a mile in less than four minutes. A guy named John Walker who ran the first three-minute, 50-second mile is said to have run under four minutes 135 times. Maybe Bannister’s feat released a collective set of personal barriers felt around the world. If you’ve got the will, maybe now what you need is the power of believing in yourself. Go on and lace up those sneakers and get to it.
The Business First Advisory Board Exchange is generously underwritten by our sponsors:
Columbus-based MARK SELLERS is CEO of Breakthrough SalesPerformance LLC and author of The Funnel Principle. 614-571-8267 | funnelprinciple.com
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Help us identify those making a difference in patient care, medical research, innovation, outreach and service to the poor & uninsured in Central Ohio. For a full list of the award categories or to nominate a Health Care Hero, send inquires to Mikalene Guiser at email@example.com or submit online at the URL listed below. To be eligible, the nominee must work within Delaware, Fairfield, Franklin, Licking, Madison, Pickaway or Union counties.
Deadline: April 8, 2011 | Publication date: July 15, 2011
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TECHNOlogy & INTELLECTUAL PROPERTY | INSIDE REPORT |
FEBRUARY 25, 2011
Editor: Laura Newpoff | firstname.lastname@example.org | 614-220-5470 columbusbusinessﬁrst.com
Going mobile ADVANCES IN TECHNOLOGY for smartphones and tablet computers are giving physicians and medical students interactive tools for treating patients and learning. BY ROBERT CEL CELASCHI | FOR BUSINESS FIRST
t the Orthopedic Foot and Ankle Center, doctors no longer have to print out medical records to carry with them as they go from patient to patient. Instead, they use iPads to look at patient records, recor consult with colleagues and explain procedures p to patients. “Our office sees about 400 patients a week, and for each each we were printing out PHYSICIANS AND EMERGING five or six piec pieces of paper a INFORMATION TECHNOLOGIES day, day,” said Dr. Thomas Lee. He fi figggures ures the Columbus Col pracManhattan Research’s market tice ticce now saves about seven research shows which technolotrees trees a year. gies U.S. physicians have adopted. Orthopedic F Foot and Ankle Conducted in 2010, the survey inisn’t iissn’t alone. Phy Physicians across volved 2,033 practicing physicians. the tth he U.S. are rapidly rap adopting is spent smartphones sm martphones and a other deonline each vi vices such as iPads for use week for professional purposes as professional professiona tools. as by the average physician, up stu from ManA 2010 study from 2.5 hours in 2002. haattan Research Res hattan found of U.S. physicians th 72 perc that percent of physionline for cians are using smartprofessional purposes t phones for tasks such as agree that the Internet is clin accessing clinical content. essential to their practice. The doctors aalso are using the Internet to treat patients of physicians go with more than ttwo in five goonline during ing online during patient conpatient consultations, with sultations, with the majority of the majority of this time being this time being spent o on a handheld spent on a handheld device. device, d i the pharmaceutical and healthof physicians care market research firm found. believe research In Central Ohio, a variety of developpatients have done online leads ments are happening in the marriage beto a better informed-patient and tween health care and technology that in75% of physicians feel this type of volve mobile technology. patient research leads to better Nationwide Children’s Hospital introphysician treatment decisions. duced an application in December called of physicians Pediaglyphs that lets doctors track and connect online with assess the developmental stages of a child patients through e-mail, instant over time, making it easier to identify probmessaging or secure messaging lems. services, with unencrypted The goal in developing the system was to mail being the most common take existing diagnostic and patient edumethod of communication. cation tools and create new applications using the power and speed of smartphones Source: Manhattan Research and smart pads. Last summer, Children’s ran a pilot study that sent text messages to remind adolescent diabetes patients about taking their medicines. The Ohio State University College of Medicine gives iPod Touch devices to all incoming medical students. SEE DEVICES, PAGE 20
8 HOURS 84% 40%
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Dr. Thomas Lee, Leee, aann orthopedic surgeon surrgeeon at the Foot and Anklee Center, Ceenter, use uses an iPad iP to discuss treatment ffor a stress fracture with ppatient Trena England.
| TECHNOLOGY & INTELLECTUAL PROPERTY |
| FEBRUARY 25, 2011
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DEVICES: Help patients be more invested FROM PAGE 19 On top of that, apps are being developed around the globe that affect health care. Some are drug reference guides and some have information on clinical trials. The iStethoscope app uses the iPhone’s microphone to monitor the user’s heartbeat.
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REMOTE CONTROL By 2012, more than 80 percent of physicians will be using smartphones, and about half will use them for administration, learning and patient care, according to the Future of Physician Media report published last year by Manhattan Research. Doctors are latching on to mobile devices because the hardware finally has become physician-friendly, said Dr. Mrunal Shah, vice president of physician technology services for OhioHealth Corp. It wasn’t practical for a doctor to lug around a laptop computer with a battery that lasted only 90 minutes. Today’s mobile devices can be slipped into a pocket and have batterM. Shah: ies that last all day. OhioHealth Corp. “I think the hardware is actually out ahead of what our software is capable of doing,” Shah said. Even so, OhioHealth physicians now can use mobile devices to read basic information on any patient in any of the system’s five hospitals, he said. A upgrade is in the works that will let doctors post on a patient’s chart from an iPhone, Android or BlackBerry. Orthopedic Food and Ankle Center has bought apps that allow doctors to show a 3D rendering of the anatomy and make video-style presentations to patients to explain surgical procedures. Ohio State medical school lectures are podcasted, so students can use the iPod Touch to review lectures or look up reference material without making a trip to the library, said Dr. Daniel Clinchot, associate dean for medical education. On teaching rounds, the faculty can ask a group of students a question, then have each one answer through a mobile device. That tactic doesn’t put anyone on the spot, but it tells the faculty how well the group is learning. Or the faculty may present a problem knowing the students don’t know the answer, and find out how easily they can come up with a reliable source using the device. EARLY ADOPTERS To comply with the federal Health Insurance Portability and Accountability Act – which established privacy standards in health care – doctors and hospitals have to make sure mobile devices are secure. “We went with true two-factor identification,” Shah said. “The device itself has a unique ID. My application knows that. The initial registration forces you to associate your log-in credential with my iPhone credential.” All the transmissions are encrypted, and no data is stored on the phone. Once the app is closed, the information no longer is available. At the foot and ankle center, doctors can’t open more than one chart at a time, so one patient’s information is not on display while talking to another, Lee said. Federal rules also cover what bystanders might see or overhear.
SMARTPHONE ADOPTION Physicians primarily use mobile devices to access clinical content and perform quick tasks, but usage for more advanced activities such as administrative functions is increasing. Percentage of U.S. physicians using smartphones in their work: 100%
72% 75 50 25
30% 0 2001
2007 ‘09 ‘10
Source: Manhattan Research
“For what we use, the size of the iPhone, it would be very difficult for people to look over your shoulder and see the information,” Clinchot said. But the larger screen of an iPad would make it easier to reveal information, and, at the medical school, students often are reminded to be careful. Not surprisingly, new medical students have been quick to adopt mobile technology. But so have doctors who have practiced 20 years of more, Shah said. They’ve seen so many technological changes in their long careers that this is just one more. It’s the middle group, in practice for 10 to 20 years, that has the most difficulty adjusting, Shah said. They know how to quickly get what they need from paper charts and switching to any other system is a hurdle. “Health care is an interesting area where the bell curve of early adopters is much wider and flatter than in most industries,” said Lee, who has seen some doctors still using beepers. Orthopedic surgeons, he said, tend to be early adopters.
INVOLVING THE CONSUMER As the technology advances, OhioHealth is looking into ways that patients can use mobile devices to add data to their medical records or leave questions for the medical staff. “Patients want to own more responsibility for their health care and we need to find a way to help them do that,” Shah said. The real test of mobile devices is whether they improve the delivery of health care. They’re too new to measure the impact, but you inherently improve health care if you provide more information at the point of care, Shah said. Anything that helps patients be more invested in their own care is beneficial, said Jason Koma, a spokesman for the Ohio State Medical Association. “One of the things that is important to note, though, is that technology and enhancements are still only one piece of a very complicated puzzle in providing high quality care,” Koma said. It still comes back to the medical judgment and the quality of training that a doctor receives, he said. Mobile technology is an aid, he said, not a substitute. ROBERT CELASCHI is a freelance writer.
| TECHNOLOGY & INTELLECTUAL PROPERTY |
BUSINESS FIRST | columbusbusinessfirst.com
FEBRUARY 25, 2011 |
Smartphones increasing information security risks for businesses BY SCOTT RAWDON | FOR BUSINESS FIRST
Dan Hoffman thinks the role of the hacker has changed, especially with the explosion of smartphones such as BlackBerrys and iPhones that carry loads of personal information, from work e-mail to private conversations over instant messenger. “People are using smartphones to access work files, store personal information, conduct banking and download applications,” said Hoffman, chief mobile security evangelist at Juniper Networks. “Yet, while most PCs come with security baked in, virtually all smartphones remain vulnerable to even basic exploits and attacks.” For hackers, all those smartphones provide a juicy target market, giving companies like Hoffman’s plenty of work to do. This past fall, the Sunnyvale, Calif. networking company opened the Juniper Global Threat Center in Columbus to provide around-the-clock monitoring of mobile security threats to consumers and enterprises. The facility tracks, responds and researches threats to mobile devices, including viruses, spyware and other security vulnerabilities that can expose sensitive information. Data breaches are expensive business. According to the Ponemon Institute, a think tank dedicated to privacy and data protection, in 2009 the cost of a data breach, measured on a per compromised record basis, was $202 and rose to $204 in 2010. A data breach involving 100,000 records would cost more than $20 million. Eight out of 10 chief information officers think using smartphones in the workplace increases the business’s vulnerability to attack, and rank data breaches as
JANET ADAMS | BUSINESS FIRST
Matthew Curtin, founder of Interhack, said stolen hardware is a large contributor to data breaches. their top related security concern. Yet half of organizations fail to authenticate their employees’ mobile devices, among other security measures. That’s according to a report release last year by market researcher Ovum, which is based in London.
RISK FACTORS There are several problems with information protection and smartphones. Many employees use personal phones to access work applications such as e-mail, for example. If that device is lost or stolen and not password protected, those e-mails could fall into the wrong hands. According to Juniper’s research, nearly
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80 percent of mobile device users access their employers’ networks without their employers’ permission and 59 percent do so every day. Hoffman said the threat center’s primary focus is to monitor and respond to vulnerabilities such as malware, viruses, worms and spyware. Hackers no longer are merely pranksters, he said. They want information for personal gain without the mobile device user’s knowledge. Americans, in particular, are making it easy for them. Hoffman said more than 25 percent of American mobile devices are not password protected, in comparison with a nation such as
Singapore, where roughly 6 percent of users are not password protected. Another issue comes from widespread use of Wi-Fi, making the interception of data communication easier. “Data is literally flying through the air,” Hoffman said. Matthew Curtin, founder of Columbus’ Interhack Corp., a computer security firm, said research shows that lost or stolen hardware, including mobile devices, PDAs, laptops, and even desktop computers, is responsible for roughly 30 percent of reported data breaches. The line between inside and outside security threats is blurred, said Brent Huston, CEO and security evangelist for Columbus’ MicroSolved Inc., which also specializes in information security. “Today, given the current state of the threat and the complexity of networks, data access and remote access, the idea of insiders versus outsiders is becoming more and more irrelevant,” he said. Huston said according to most statistics, roughly 40 percent of security incidents involve malware – short for malicious software. Smartphone malware threats have been rising, according to California security giant McAfee. Malware attacks designed to harvest data from smartphones and new tablet computers surged by 46 percent in 2010 compared with 2009. Huston said MicroSolved tests mobile apps for clients prior to release. Security testing ensures the product has been designed, coded and implemented with attention to security. SCOTT RAWDON is a freelance writer.
Your focus is our
| FEBRUARY 25, 2011
| TECHNOLOGY & INTELLECTUAL PROPERTY |
columbusbusinessfirst.com | BUSINESS FIRST
| A CONVERSATION WITH ... |
Brent Huston CEO | MicroSolved Inc. Brent Huston founded information security company MicroSolved in 1992. The business specializes in helping companies address their vulnerabilities in protecting data and developing systems that safeguard government networks. Before founding the business, he was an electronic data interchange technician at Sterling Commerce. Huston, 41, is a native of Columbus. He has an Associate of Applied Science Degree from Devry University.
Brent Huston expects applications for mobile technologies to continue to explode, opening the door for more vulnerabilities to information security breaches.
What’s the latest trend in information security? Crimeware is malicious software that not-so-ethical folks have really built from the ground up to commit fraud. Organized crime has adopted the software model and they have become experts at
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turning it into cash through identity theft, transaction tampering and other fraud techniques. We will see a lot of it against applications that are moving to mobile platforms or leveraging mobile platforms in new ways. How common are mobile application attacks? Attackers and researchers continually are developing new techniques and approaches for assaults on mobile technologies, but just like personal computers and Web applications, we know that attacks against mobile platforms likely will increase and the same old security mistakes will migrate to mobile devices. Attackers already are playing with malicious code on phones, creating tools to monitor users, steal information and commit fraud against mobile banking and the like. As those capabilities grow and adoption grows by both industry and consumers, eventually the profit model will switch past the point where enough folks are using it to make wider-scale investment into crimeware for mobile platforms a profitable investment for organized crime. When that happens, you will see things change pretty rapidly in terms of attack trends against mobile platforms. Where do you see mobile application security going in the future? I think we are going to see a literal explosion of what we think is possible with mobile technologies. If you think paying with your phone and depositing a check with the phone camera is out there, wait until you see some of the techniques just over the horizon. As these tools grow in capability and adoption, attackers will have a plethora of ways to tamper with users, some of which will be effective for fraud and information theft. There are folks, right now, playing with new techniques for both good and bad on mobile platforms, things we haven’t even dreamed of. You can bet if they are profitable, either in business or crime, they will be making their way into our lives very soon. What would you predict as the next focus of attacks? Look for more types of crimeware that focus on deeper and deeper business processes. Think about things like specially crafted malicious software that targets banks’ item processing systems, the power grid and health-care systems. The idea that attackers won’t understand the systems we use or the way we have them configured is proving to be a fantasy. Today’s and tomorrow’s cyber-criminals will know your systems better than you or the administrators do. I also think very soon we will see an increasing focus on traditional cyber-crime techniques – phishing (stealing personal information), spam and bot-net, where computers forward on spam and viruses on mobile systems. We have seen small-scale attacks and research thus far, but adoption rates are skyrocketing, so crime won’t be far behind.
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What Is the Business First Advisory Board Exchange? History of the Advisory Board Exchange
In 1996, at Business First’s inaugural Fast 50 event, Jeff Wilkins, who at the time was chairman of Metatec International Inc., gave the keynote address. Wilkins spoke about the important role advisory boards play in the success of growing businesses. Business First developed the Advisory Board Exchange program to provide a no-cost, effective way to link companies with advisers. Since then, Commerce National Bank, Focus CFO, Nationwide Retirement Consulting Group, Sterling Commerce and Time Warner Cable Business Class have joined the program as sponsors and generously underwrite the expenses of the Advisory Board Exchange. Since January 1999, the Advisory Board Exchange has been contacted by many businesses seeking information about the advisory board concept and assistance with forming advisory boards. In addition, nearly 200 individuals have asked to have their names and credentials included on our database of advisers.
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The process of matching advisers with companies is very simple. When a company contacts the Advisory Board Exchange for assistance in forming an advisory board or adding to an existing advisory board, they are asked for basic information about their company. Shortly thereafter, an executive committee member follows up with an on-site visit. During the visit our representative will gather more information about the business, answer any questions and explain in detail what the company should expect from its advisory board. The results of this meeting will help the company identify the types of individuals who would best serve on their advisory board. It is up to the company to make contact with potential advisers, set up interviews and make ﬁnal selections. Of course, the Advisory Board Exchange executive committee member will always be available for assistance as a company works through the ﬁnal stages of creating their advisory board. And that help continues on even after the advisory board is in place and meeting on a regular basis.
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BUSINESS FIRST | columbusbusinessfirst.com
FEBRUARY 25, 2011 |
| spotlight |
GOVERNMENT Helen Ninos joined the School Employees Retirement System of Ohio as deputy executive director.
LILLIAN ZARZAR CEO and founder, Zarzar Group Age: 62
S. Tugend Steve Tugend joined Kegler Brown Hill & Ritter LPA as leader of its government affairs practice area and as a member of the administrative and gaming law teams.
B. Bornino Brian Bornino was promoted to partner at GBQ Holdings LLC.
B. Szuch Brian Szuch joined MS Consultants as a project manager.
K. Tanner Kristi Tanner joined Ohio Department of Development as assistant director and chief operating officer. B. Skripac At the Ohio Department of Commerce, Karen Huey joined as assistant director. Jayme Brown joined as chief of staff, and Charles Dolezal joined as superintendent of the division J. Lynch of financial institutions. Yaw Jennifer Lynch joined Roetzel Obeng was reappointed as & Andress as government relasuperintendent of the division tions director. of unclaimed funds. Anne Petit D. Spies joined as acting superintendent Mike Bongiorno, Keith DeVoe of the division of real estate and and Lorne Eisen were promoted professional licensing. Andrea to principals at DesignGroup. Seidt was reappointed as comSarah Fortkamp, Chris Haedt, missioner of securities. Bruce Brian Skripac and Doug Spies Stevenson joined as superinwere promoted to associates. tendent of the division of liquor control, and David Williamson joined as superintendent of the division of industrial compliance. R. Ouellette BOARDS
Vitals: Bachelor’s in journalism, Ohio University,1970; master’s in speech, Bowling Green State University, 1986. Formerly bilingual tour guide for United Nations; instructor in the John Glenn School of Public Affairs and Fisher College of Business at Ohio State University. Why this business: I want to help clients be effective listeners and better articulate their ideas. Hometown: Born in Lima, Peru;
raised in Lima, Ohio. First job: Worked as governess for a summer, 18 years old. Stress relievers: Meditation Most admire in business: Donald Trump, Oprah Winfrey Best career move: Starting my own business. Person you’d most like to meet, living or dead: Mahatma Gandhi and Julia Gillard Favorite TV show: Big Bang Theory, Undercover Boss
First concert: Earth Wind and Fire; Lima, Ohio; late 1970s Favorite comedian: Phyllis Diller Cat or dog: Cat, Nubi Favorite drink: Grey Goose on the rocks Dream car: BMW sedan Personal heroes: Dr. John F. Demartini Phobia: Clutter If you won the lottery tomorrow: Establish scholarships Place you’d most like to visit: Russia Childhood ambition: Talk show host Pet peeve: When a person’s behavior contradicts their words. Personal: Resides Grandview Heights, single by choice, no children.
HEALTH CARE J. Hancock Jones J. Sherman Janine Hancock Jones joined Janet Sherman joined Just ReBricker & Eckler LLP as a sults Real Estate as an agent. member of the Employment and Labor group. K. DeVoe
NONPROFIT P. Mohler Peter Mohler joined Ohio State University Medical Center as director of the Davis Heart and Lung Research Institute.
B. Ridge Rex Parrott of Wyandot Inc. and Bradley Ridge of Holbrook & Manter CPAs, joined the Marion General Hospital Foundation board of directors. Joel Walter of N.J.W. Construction Inc. joined the board of directors of the Central Ohio chapter of the National Association of the Remodelling Industry.
P. Van Fossen J. Scholes Paige Van Fossen was promoted Jeff Scholes was promoted to to associate vice president of senior vice president of corporate direct-to-consumer operations development at Signature for Limited Logistics Services at Worldwide. Limited Brands Inc. David Ross Hubler was promoted to Kaduke was promoted to vice field total net conversion coach president of supply chain planat Safelite AutoGlass. ning for Limited Brands.
Patrick Roehrenbeck joined the Columbus Gay Men’s Chorus as executive director.
K. Parrish Kristy Parrish joined the Keller Williams Classic Properties Realty Market Center as an agent.
K. Tamulonis A. Rothenbuecher Kelly Tamulonis joined Cassidy J. Bills Rob Ouellette, Victoria Powers, Turley as senior property Joshua Bills joined the Columbus Susan Rector and Alan Rothmanager. enbuecher were promoted to office of Weston Hurd LLP as partners at Schottenstein Zox & a partner. Dunn Co. LPA.
C. Brooks Catherine Brooks joined Advanced Pension Solutions Inc. as senior compliance analyst. Debra Wright joined as vice president and retirement consultant.
S. Zidek Susan Zidek was promoted to senior vice president and general counsel at Mission Essential Personnel LLC.
We Came. We Saw. We Learned. Are you a young professional who could benefit from real-world skills not taught in school? Are you a middle-manager who needs an edge to take your career to the next level? C L A S S R O O M
Are you in a career transition and need a professional make over? Help is here with Columbus Business First's YP Classroom. We've created a seminar series that's sure to give you the confidence you need to boost your career. Seminars are from 8:30-11:30 a.m. at Ohio Dominican University LEAD Building, 2600 Airport Dr., Columbus, OH 43219. Cost to attend one seminar is $69 and includes a one-year digital subscription to Business First.
March 1 - FINDING YOUR PERSONAL BRAND We all know that companies work hard to create and maintain a brand. With tough economic times professionals need to be just as concerned about how they are portraying themselves to the public. Learn how to create your own personal brand and look the part. For More Information: Scan this tag with your enabled smart phone.
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| corporate caring |
| FEBRUARY 25, 2011
columbusbusinessfirst.com | BUSINESS FIRST
Editor: Katy Waters | email@example.com | 614-220-5468
For best relationships, mentors need mentoring, too THE MENTORING CENTER provides training for more than 40 area programs. BY MELISSA KOSSLER DUTTON | FOR BUSINESS FIRST
MENTORING CENTER OF CENTRAL OHIO 1855 E. Dublin-Granville Road, Columbus Phone: 614-839-2447 ext.163 Fax: 614-839-4770 Website: mentoringcenterco.org Revenue FY2010: $293,864 Government Other: grants: $36,521 $115,720 Donations: $45,479 Foundations and trusts: $47,900
Program fees: $48,244
Expenses FY2010: $280,641 Other: Program $19,268 expenses: $31,125
Salaries and benefits: $230,248 Mission: To strengthen the community by increasing access to quality mentoring. Executive staff: Marilyn Pritchett, executive director; Kimeta Dover, program manager; and Stephanie Hughes, manager of operations and Buckeye Mentoring Hub. Advisory board members: Arthur Flesch, chairman; John Schilling, vice chairman; Mark Oldenquist, treasurer; Sarah Bradley; Edward Cohn; Deanna Cook; Elizabeth Eck; Anthony Forte; Katherine Manghillis; Steve Miller; Ruth Sternberg Portnoy; Eric Troy; Mike Rozsa; Linda Weiler; and Ron Wollett. Paid staff: 4.5 full-time equivalents Volunteers: 5,000 Annual fundraisers: Magic of Mentoring breakfast, October; and Mentoring Celebration, January. Quick facts: Mentoring Center is a program area within Big Brothers Big Sisters of Central Ohio. Effort grew out of a 1994 Leadership Columbus program and the America’s Promise (Colin Powell’s) youth development organization.
hen the girl Kathy Smalley mentors asked her to participate in a fundraiser to help pay for a school trip to Washington, D.C., Smalley agreed. The Hamilton Township resident didn’t have her checkbook with her, but promised to return to school the next day with the funds. “She was surprised that I followed through,” Smalley said of the girl. “I hope I’ve shown her there’s some good.” Smalley, who has served as a mentor for three years, loves the opportunity to interact with the youngsters from Hamilton Middle School. “I enjoy spending time with the kids trying to get them to think a little bit,” said the 51-year-old whose daughter is a college freshman. Smalley said she feels confidant in her interactions with the girls because she has undergone mentor training from the Mentoring Center of Central Ohio, a program of Big Brothers Big Sisters of Central Ohio. The center provides training to a variety of agencies and programs that set up mentoring relationships, said Executive Director Marilyn Pritchett. The center offers introductory and specialized training for mentors. Some of the sessions are attended by mentors and their mentees. The center focuses on improving the quality of mentoring in Central Ohio, and has started working with some agencies in northern Ohio as well. The center was created, in part, to help eliminate the duplication of services among smaller organizations that were attempting to recruit, screen and train volunteers.
‘ALL MENTORING NOT EQUAL’ The center has developed relationships with more than 40 area mentoring programs that use the center to train and screen their staff and volunteers. The training is designed
COURTESY EDUCATIONAL COUNCIL
Kathy Smalley, left, mentors Ciera Heairld, center, and Paige Welch at Hamilton Middle School through the KidsConnect program of the Education Council. Smalley was trained by the Mentoring Center, a program of Big Brothers Big Sisters. to help mentors and their partners get more out of their relationship and the time they spend together. “All mentoring is not created equal,” Pritchett said. “The research has shown that mentors who are trained spend more time with (their mentee) and are more likely to continue with it past a one-year commitment.” Participating in a mentoring relationship has proven positive effects on children, Pritchett said. Mentored kids have better school attendance, tend to develop more self confidence and their behavior improves. Those changes are selling points for parents who are leery of their child joining a mentoring program, Pritchett said. “We’re creating space where
they feel safe and cared about,” she said. “The quality of their relationships with peers and parents improves.” The training focuses on giving mentors research-based information about what they can do to improve their interactions with their kids. “These are things that quality mentoring programs need to do,” Pritchett said of the information shared in the training sessions. “These are the things that will make a difference.”
Pritchett explained. The training sessions offer ideas for “building bridges” of understanding between the partners, Pritchett said. Other topics explored in mentoring sessions include decision making, anger management and tutoring tips. The training is invaluable, said Michaela Taylor, project manager for KidsConnect, the after-school mentoring program where Smalley volunteers.’ Volunteers like having the opportunity to learn techniques for working with kids and having a forum to ask questions, she said. The center also has helped KidsConnect develop and expand its program, she said. Working with the center helped the organization create quality programs, she said. “They are so passionate about what they do,” Taylor said. “Their passion is contagious.”
News online | Stories posted every business day
MELISSA KOSSLER DUTTON is a freelance writer.
‘BUILDING BRIDGES’ The sessions also give new mentors insights about the children with whom they will be working. Some of the children in mentoring programs may have very different backgrounds than their mentors,
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FEBRUARY 25, 2011
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R. Crossland Columbus business coach Rick Crossland has won high honors from ActionCoach for the third year in a row. Crossland took home the Coaches Choice award for 2010 from the executive coaching company’s annual meeting in Las Vegas. Of 400 ActionCoach franchisees, he was chosen as the coach most coaches would go to. In 2009, Crossland was named Coach of the Year/Best Client Results – the Americas and was a finalist for that same award in 2008 and 2010. In his first year in business in 2008, Crossland won the Action Man award in recognition of establishing a strong business coaching practice with outstanding client results quickly.
helps strengthen the Just Results Six brokers from CB Richard Ellis address to new graduates at Ohio State University’s winter Group Inc.’s Columbus office brand and solidify our foundaquarter 2011 commencement were recognized as Top Commertion for future growth,” Just March 20 at the Jerome Schotcial/Investment Producers for Results founder Michael Sliemers tenstein Center. James founded 2010 by the Columbus Board of said in the release. “Dean is Lardon & Associates LLC in Realtors: Doug Godard, Doug like family and Connie was a 2006 to provide business and Jackson, Jeff Lyons, Terry mentor.” Salts will continue his executive advisory services. She Mathews, Michael Mullady role as president of Executive also sits on corporate boards and William Whipple. Business Planning and R&D Tax including Coca-Cola Enterprises, Service. No address was given for R. Finan Bricker & Eckler LLP and the city CNO Financial, Limited Brands Just Results in the release or on of Dublin were two recipients The Capitol Square Review and Inc. and Time Warner Cable. She its website. of UnitedHealthcare’s Well Advisory Board received a Pillar is chairwoman of the National Deserved award for 2010. The Award for Community Service Women’s Business Council, which award, given to employers who from Smart Business/Medical advises President Barack Obama, demonstrate a commitment Mutual for its work on preserving Congress and the Small Business to helping employees improve the historic nature of the Ohio Administration. Over James’ their health through wellness Statehouse and Capitol Square. more than 30 years of corporate JUDGMENTS programs, went to just 10 Board chairman Richard Finan, management experience, she organizations nationally. Bricker former Ohio Senate president rose to the position of president FAIRFIELD COUNTY & Eckler was honored for identiand attorney at Calfee Halter & of Nationwide Strategic Investfying health risks of its employee Griswold LLP, accepted the award ments, a division of Nationwide Vinton County Bank of McArpopulation, onsite exercise on behalf of the organization. Mutual Insurance Co. thur v. Gang Roofing Inc./ facility with personal training Yard Solutions received two Carroll E. Gang Dr. Richard Kang and Dr. support, health fairs, biometric Grand Awards from the Ohio 10975 N. River Road Gregory Wiet, pediatric screenings, immunizations, Nursery & Landscape Association otolaryngologists from McConnelsville 43756 positive-parenting classes, yoga at its annual program. One was $51,618 Nationwide Children’s Hospital and self-defense courses, and in the Residential Installation and Ohio State University, visited plaintiff a smoking-cessation program. category and was for a German case #2010 CV 00404 Escuela Hospital Antonio Lenin The city of Dublin allows its Village residential garden reno01/25/11 Fonseca in Managua, Nicaragua, employees to skip their monthly vation by Sue Grant of Jacobsin January. On this, their fourth Balboa Capital Corp. v. Alterhealth insurance premiums Grant Design. The other, also trip to the facility, Kang and if they participate in wellness ini- designed by Grant, a landscape native Liquid Fuel Industries Wiet trained local doctors on the Inc./Richard Sweeney tiatives. Employees also can earn architect, was for a Powell-area Virtual Temporal Bone surgery points that can be used toward 6649 Coonpath Road N.W. new home. The project won simulation system, which was group fitness classes, nutrition Carroll 43112 in the Residential Installation developed at Nationwide and classes and pool passes. category and features ravines $182,753 OSU in conjunction with the Ohio plaintiff with conservation restrictions, Ronald Burson, president of the Supercomputer Center through wooded slopes on several sides case #2011 MI 00002 property management division funding from the National on the residence, and a healthy 01/31/11 at Fairfield Homes Inc., was Institutes of Health. deer population. Special features elected to a three-year term on Hilliard’s Salt Realty, founded in include Japanese garden with FRANKLIN COUNTY the National Affordable Housing 1990 by Dean and the late Conwater feature and deer-resistant Management Association’s Carlile Patchen & Murphy LLP nie Salts, has merged with Just plantings. national board. The organizav. Greg Luther/Greg Luther & Results Real Estate, according tion advocates on behalf of Associates LLC to a press release from Just multifamily property managers Results. The deal, terms of which 550 Tall Oaks Drive and owners whose mission is Gahanna 43230 were not disclosed, allows Salt to promote and provide quality $20,819 affordable housing and to bring Columbus businesswoman Donna to take advantage of technology Just Results has in place. “This plaintiff James will deliver the keynote nationwide attention to the necessity of preserving decent and safe housing.
Reynoldsburg 43068 $42,500 plaintiff case #(not shown) 02/07/11 Columbus First Bank v. T.S.C. Holdings Ltd./Prysett Strickland 630 Manchester Drive Pickerington 43147 $44,711 plaintiff case #10 CV 018110 02/07/11 Columbus First Bank v. T.S.C. Holdings Ltd./Prysett Strickland 630 Manchester Drive Pickerington 43147 $58,564 plaintiff case #10 CV 018109 02/07/11 Heartland Bank v. All Restaurant Repair Inc./John E. Griffith 2922 Groff Place Hilliard 43026 $23,670 plaintiff case #11 CV 001639 02/07/11 LICKING COUNTY Advance Restaurant Finance LLC v. Millers Essenplatz Inc./ Marlin J. Miller (address not shown) $77,239 plaintiff case #2010 CV 01053 01/13/11 Premier International Inc. v. Kenney Enterprises LLC dba County Dollar (foreign-Lake County) (address not shown)
| BUSINESS CALENDAR |
| THIS WEEK | Honors Released ................... 29 Residential ................ 30 Awards....................... 27 State tax liens ..........29 Building permits Business notes......... 27 Mortgages Commercial ............... 31 Court cases Commercial ............... 30 Residential ................ 31 Judgments ................ 27 Residential ................ 30 Business licenses Lawsuits .................... 28 Real estate transactions New vendors ............. 31 Federal tax liens Commercial ............... 30 New corporations....... 31 Filed .......................... 28 Vacant land ............... 30
case #10 CV 014888 01/20/11 Huntington National Bank v. Milkmen Manufacturing LLC/ Food Innovation & Design LLC/Paul F. Keida 48 S. Washington St. Utica 43080 $571,352 plaintiff case #10 CV 017138 01/21/11 George M. Hoffman Trust v. Regional Water Solutions Tranfer Division LLC/Christopher Nelson/Michael B. Lore et al. 1748 Jason Drive Columbus 43227 $354,604 plaintiff case #10 CV 010954 01/24/11 Presto v. Don Gino’s Pizza/ Robert Snyder II (foreignFranklin County Municipal Court) 5283 W. Broad St. Columbus 43228 $11,235 plaintiff case #10 CVF 24385 01/25/11 City National Bank v. G.D.C. & Associates LLC/Gary D. Clark/ Ida J. Clark P.O. Box 792 Pickerington 43147 $1,904,601 plaintiff case #08 CV 013358 01/25/11 Sheet Metal Workers National Pension Fund v. Central Ohio Sheet Metal Co. Inc. (foreign-VA) 57 Klema Drive N.
Gatherings and get-togethers of which you want to make note.
Cost: $5 Contact: Carol LeMasters, 614-297-8948
Increase Community DevelopNational Association of A schedule of Topics 4 the Times ment Corp. Women Business Owners– FEBRUARY industry-specific online seminars Where: The Meeting Place, 2215 10 THURSDAY Columbus by Plante & Moran can be Citygate Drive, Suite A Where: Brookside Golf & Increase Community Develop26 SATURDAY found at plantemoran.com/ When: 9 a.m.-1 p.m. March 5, Country Club, 2770 W. Dublinment Corp. perspectives/webinars. 12 and 26; 6-9 p.m. March 17 Granville Road Beyond Social 101 Where: The Meeting Place, 2215 Program: Advanced Grant GoldStar Referral Club – Where: Tech Columbus, 1275 When: 11 a.m.-1:30 p.m. Citygate Drive, Suite A Writing Mondays-Fridays Kinnear Road, Columbus Program: See the Niche When: 11:30 a.m.-1 p.m. Cost: $125 For area meetings, go to When: 8 a.m. to 4 p.m. Opportunities for Growing Your Program: Business Network Information in For The Record is compiled by Business First and American City Business Leads. Contact: 614-476-1758 goldstarreferralclubs.com Program: Blah Blah Blogging Business with Wendy Goldstein, Luncheon For amplifications or corrections, contact Katy Waters at 614-220-5468. Bootcamp Costume Specialists Forty Plus of Central Ohio – Cost: Members free, nonmemCost: $99 plus $3.46 fee 8 TUESDAY Cost: Members $35, Guests $45 bers $10 Mondays Sources of Record information: For hours of Delaware County: 740-833-2000 Contact: beyondsocial101.com Contact: Jennifer Kuntz, 614Contact: 614-476-1758 Visit fortyplusoh.org for details. Increase Community Developoperation, contact the governmental office in the co.delaware.oh.us/auditor/index.html 261-3110 ment Corp. respective county. Web site users may need to co.delaware.oh.us/clerk/index.html AmSpirit Business Connections 28 MONDAY Where: The Meeting Place, 2215 register, pay a fee or both to view some records co.delaware.oh.us/recorder/index.html – Tuesdays-Fridays 4 FRIDAY Society of Government MeetCitygate Drive, Suite A electronically. Not all records are available in For area chapter meetings, go to Fairfield County: 740-687-7190 ing Professionals When: 6-9 p.m. electronic form and not all offices are displayed. amspirit.com/chapters.php International Council of Shoprealestate.co.fairfield.oh.us Where: Fort Rapids Resort, 4560 ping Centers Program: Quick Books fairfieldcountyclerk.com/ FEBRUARY Business Network InternaHilton Corporate Drive, Columbus Where: Hilton Polaris Cost: $30 landaccess.com tional – Tuesdays-Fridays Bankruptcies: U.S. Bankruptcy Court Southern Ohio Veterinary AssociaWhen: 11:30 a.m.-1 p.m. Contact: 614-476-1758 When: 8:15 a.m.-4:45 p.m.; For area chapter meetings, Franklin County: 614-462-3322 District of Ohio, Columbus Division. tion – Midwest Veterinary Program: Lunch and Learn – cocktail reception Thursday American Marketing Associago to bni-ohio.com/cgi-bin/ franklincountyohio.gov/clerk/ ecf.ohsb.uscourts.gov/ Conference Game On: Back to the Basics and evening tion chapterlist.cgi franklincountyohio.gov/recorder/ What: Veterinarians from across on to the Future Building permits: City and county building and Program: Retail Development & Where: The Bluestone, 583 E. franklincountyohio.gov/auditor/ Scioto Ridge Job Networking – Cost: $18 planner, $35 supplier the Midwest gather for educainspections departments Law Symposium Broad St., Columbus tion and networking. Mondays-Wednesdays Contact: Karen Theis at 614Licking County: 740-670-5110 When: 11:30 a.m.-1 p.m. Cost: $275 members, $560 Federal tax liens: County recorder offices When: Feb. 24-27 For area chapter meeting details, 365-4527 lcounty.com/auditor/ Program: Luncheon – Columnonmembers Where: Greater Columbus Judgments: County clerk of courts offices go to srjng.com. lcounty.com/clerkofcourts/ busUnderground.com: Moving Contact: icsc.org Convention Center lcounty.com/rec/ Lawsuits: County clerk of courts offices Transition Networking Group MARCH Columbus into the 21st Century Upper Arlington Chamber of Expected attendance: 6,000 – Second and last Tuesday, Madison County: 740-852-2972 Cost: $30 members, $45 Liquor licenses: State of Ohio Department of Commerce (not open to the public) madisonoh.ddti.net/auditor/ email@example.com nonmembers, $15 students 2 WEDNESDAY Commerce Division of Liquor Control Website: mvcinfo.org Where: University Plaza Hotel, co.madison.oh.us Contact: columbusama.org The Accountant Informaliquorcontrol.ohio.gov/ American Marketing Association 3110 Olentangy River Road, Cheerleaders of America landaccess.com/ tion Market – TuesdaysColumbus Mechanics’ liens: County recorder offices Where: Dublin Entrepreneurial Midwest Open 9 WEDNESDAY Pickaway County: 740-474-6093 Wednesdays When: 4-8 p.m. Center, 7003 Post Rd., Dublin What: Teams square off for Mortgages: County recorder offices pickaway.org/ For area chapter meetings, go to Program: Annual meeting with Grant Professionals AssociaWhen: 7:30-9 a.m. regional competition. landaccess.com accountantinformationmarket. New corporations: Ohio Secretary of State business expo, silent auction, tion Program: Creating, Integrating When: Feb. 25-27 com. sos.state.oh.us/ Union County: 937-645-3012 cocktails, dinner and award Where: United Way, 360 S. Third Where: Greater Columbus and Managing a Social Media co.union.oh.us/Auditor/auditor.html presentation St., Columbus Sales Executive Club of Central Policy Convention Center New vendors: County auditor offices co.union.oh.us/Clerk_of_Courts/clerk_of_courts. Ohio – Wednesdays When: Noon-1 pm Cost: $5 members/students, $15 Cost: $50 for dinner, free option Expected attendance: More Real Estate Transactions: County recorder offices html Program: Central Ohio Funder available without dinner Visit murrayassociates.com for nonmembers than 5,000 (open to the public) co.union.oh.us/Recorder/recorder.html State tax liens: County clerk of courts offices Review, Part 1 Contact: columbusama.org weekly programs. Website: coacheer.com Contact: 614-481-5710
| for the record |
| FEBRUARY 25, 2011
$43,434 plaintiff case #10 CV 002026 01/31/11 PICKAWAY COUNTY Automotive Finance Corp. v. Driven Auto Sales/Rodney K. Cotner/Hot Rods Automotive LLC (foreign-Marion County) 331 Huston St. Circleville 43113 $15,698 plaintiff case #49 D 11 0906 CC 026281 01/27/11
LAWSUITS FAIRFIELD COUNTY Fairfield National Bank v. L.B.M. Development LLC/Site Solutions Contractors LLC/ Equipment Rental Solutions LLC et al. foreclosure case #2011 CV 00102 01/26/11 Citizens Bank of Logan v. Reinschield Gourmet Sausage LLC foreclosure case #2011 CV 00109 01/27/11 FRANKLIN COUNTY PNC Bank NA v. Undercover Tents & Party Supplies LLC/ James Tose case #11 CV 001662 02/07/11 Citizens Banking Co. v. Carbonex Institute LLC cognovit case case #11 CV 001677 02/07/11 Citizens Banking Co. v. Conquest One cognovit case
case #11 CV 001679 02/07/11 Palmer Johnson Power Systems LLC v. Watson Electric Motor Service Inc. case #11 CV 001700 02/07/11 Installed Building Products LLC v. S&S Construction Management Ltd./Ryan Snyder commercial docket case #11 CV 001708 02/07/11 Fedco Holdings Ltd. v. Eastgreen Apartments LP/Tina M. Kilbourne case #11 CV 001729 02/08/11 Fedco Holdings Ltd. v. Almondtree Apartments Columbus Ltd./Amesbury Apartments Columbus II LLC et al. case #11 CV 001730 02/08/11 Panos Industries LLC v. Fheusa Inc. cognovit case case #11 CV 001742 02/08/11 LBUBS 2004 C6 Reliance St. v. SS Reliance foreclosure case #11 CV 001766 02/08/11 LBUBS 2004 C4 Old Avery Road v. SS Dublin foreclosure case #11 CV 001768 02/08/11 Nelnet Inc. v. First Lease Ltd./ Ohio Bank et al. foreclosure case #11 CV 001770 02/08/11 Nelnet Inc. v. Home Solutions Partners III Reo LLC/Franklin County Treasurer foreclosure
case #11 CV 001773 02/08/11 Nelnet Inc. v. Automotive Accessories Unlimited Inc./Ohio State Department Job Family Services et al. foreclosure case #11 CV 001774 02/08/11 Nelnet Inc. v. Swarthmore Ltd./ Farmers Citizens Bank et al. foreclosure case #11 CV 001783 02/08/11 Franklin County Treasurer v. Wentwood Abbey Lane I LP foreclosure case #11 CV 001798 02/08/11 Franklin County Treasurer v. Wentwood Nantucket I LP foreclosure case #11 CV 001802 02/08/11 Franklin County Treasurer v. Elgin Partners foreclosure case #11 CV 001811 02/08/11 Franklin County Treasurer v. Apex Realty foreclosure case #11 CV 001821 02/08/11 Nelnet Inc. v. Anchor Business Development LLC foreclosure case #11 CV 001823 02/08/11 Franklin County Treasurer v. Apex Realty foreclosure case #11 CV 001824 02/08/11 Nelnet Inc. v. Swarthmore Ltd. foreclosure case #11 CV 001825 02/08/11
Nelnet Inc. v. Roach Properties LLC foreclosure case #11 CV 001827 02/08/11 Nelnet Inc. v. Swarthmore Ltd. foreclosure case #11 CV 001828 02/08/11 Nelnet Inc. v. Revealty Partners LLC foreclosure case #11 CV 001829 02/08/11 Nelnet Inc. v. Accurate Collision Repair LLC/Brentwood Condominium Association et al. foreclosure case #11 CV 001832 02/08/11 Nelnet Inc. v. Anchor Business Development LLC foreclosure case #11 CV 001836 02/08/11 Excel Fitness LLC v. Excel Fitness Center LLC commercial docket case #11 CV 001870 02/09/11 VLS Systems Inc. v. Petro Systems LLC personal injury case #11 CV 001882 02/09/11 Wells Fargo Capital Finance v. Beyond Slats & Drapery LLC case #11 CV 001900 02/10/11 Rewards Network Establishment Services Inc. v. Mehfil Inc. case #11 CV 001931 02/10/11 Ameritech Publishing Inc. v. R. Clayton Lopez Co. commercial docket
case #11 CV 001943 02/11/11 Action Group Inc. v. Nanostatics Corp. case #11 CV 001991 02/11/11 Ferguson Enterprises Inc. v. Keigley Plumbing Inc. commercial docket case #11 CV 001997 02/11/11 Franklin County Treasurer Edward Leonard v. 3814 Cleveland Ave. LLC foreclosure case #11 CV 002000 02/11/11 Franklin County Treasurer Edward Leonard v. Douglas CBP LLC foreclosure case #11 CV 002001 02/11/11 Franklin County Treasurer Edward Leonard v. Georgesville Center LLC foreclosure case #11 CV 002002 02/11/11 American Corrugated Products Inc. v. Worthington Packaging Inc. case #11 CV 002003 02/11/11 LICKING COUNTY Taylor Road Supply Inc. v. Christopher Linn dba Linn Concrete case #2011 CV 00162 02/02/11 Ervin Leasing Co. v. Samuel L. Pignatelli/D.M.S. Poured Walls case #2011 CV 00193 02/08/11 JPMorgan Chase Bank NA v. Buckeye Plumbing Co. Inc./
columbusbusinessfirst.com | BUSINESS FIRST Christina M. Weyand/Timothy Weyand case #2011 CV 00200 02/09/11 Key Equipment Finance v. Tats Express Inc./Stanley Tataranowitx/Jill Tataranowitx case #2011 CV 00208 02/10/11 All American Drywall Systems Inc. v. Claggett & Sons Inc. case #2011 CV 00212 02/10/11 PICKAWAY COUNTY Colonial Pacific Leasing Corp. v. Digger McCray LLC/J.R. McCray case #2011 CI 0045 01/26/11 City of Circleville v. Conveyor Metal Works Inc./Scott D. Wolfe/Christy M. Wolfe case #2011 CI 0054 02/02/11 First Bank/Small Business Loan Source LLC v. Braety Brand LLC/Cici’s Pizza, No. 637/James C. Harness et al. case #2011 CI 0066 02/10/11
(940/941) case #201102040017821 02/04/11
Lloyd T. Bay 6750 Lithopolis Road Carroll 43112 $24,505 (6672) case #201100002207 02/04/11 Cheryl K. Haid 12576 Lake Road Millersport 43046 $46,890 (6672) case #201100002211 02/04/11 Joby T. Maynard Rural Route One Box 730 Sugar Grove 43155 $14,441 (CIVP) case #201100002365 02/08/11
Performance Companies LLC/ James T. Wilson 1040 Brentnell Ave. Columbus 43219 $47,783 (940/941) case #201102040017824 02/04/11 YMSR Inc. 1442 Ithaca Drive Columbus 43228 $13,334 (6721/940/941) case #201102040017835 02/04/11
Daryel Health Care Center LLC 1495 Morse Road, Suite 108 Columbus 43229 $221,607 (941) case #201102040017813 02/04/11 Embrace Home Health Care LLC/Sheldon Strauss 5080 Sinclair Road, Suite 104 Columbus 43229 $16,471 (941) case #201102040017816 02/04/11 Sheldon Strauss FILED 5080 Sinclair Road, Suite 104 Columbus 43229 FAIRFIELD COUNTY $36,027 Small Frey Inc./Flower Designs (6721) case #201102040017818 By Roger 02/04/11 500 N. Columbus St. Lancaster 43130 Dumar-Huntson Paving Inc./ $11,764 Dumar Paving (940/941) 3500 Millikin Court, Suite G case #201100001931 Columbus 43228 $1,088,944 02/01/11
FEDERAL TAX LIENS
Michael A. Ventresca 2967 Avalon Road Columbus 43221 $51,376 (6672) case #201102040017861 02/04/11 Noel L. Colman 4438 Hansen Drive Hilliard 43026 $51,404 (6672) case #201102040017862 02/04/11 Byron L. Potts & Co. LPA 415 E. Broad St., Suite 112 Columbus 43215 $19,302 (1120) case #201102080019762 02/08/11 A Mothers Dream Learning Center LLC/Marcella Adams 5000 Lindora Drive Columbus 43232 $22,842 (1065/941) case #201102080019800 02/08/11
For information on advertising contact Holly Caruso at 614.220.5432 or via email at firstname.lastname@example.org LEGAL NOTICE
REQUEST FOR PROPOSALS
rent me. and me.
NEW BUILD/EXISTING FACILITY; PURCHASE, LEASE W/OPTION TO PURCHASE OR LEASE SEALED PROPOSAL R 11-02 (INTAKE/CENTRAL) LEGAL NOTICE Sealed proposals will be received at the office of Franklin County Children Services, 855 W Mound Street, Columbus, Ohio, until 10:00 a.m. local time, Thursday, April 21, 2011, at which time they will be publicly opened and read, for a new build or existing property via purchase, lease w/ option to purchase or lease of a facility. Franklin County Children Services is seeking proposals for a new or existing 70,000 – 85,000 square foot facility with on-site parking included with a minimum of 350 parking spaces. Proposed facilities shall be located within Franklin County, Ohio, within an eightmile radius of Broad and High Streets. Proposals for the same facility with different purchase or lease options shall be submitted as alternates within the same proposal. Proposals for different facilities by the same proposer shall be submitted as individual separate proposals. Sealed proposals, original plus six (6) copies, will be accepted by Franklin County Children Services for purchase, lease w/option to purchase or lease of a new or existing facility as delineated in the RFP documents. The sealed envelope containing the proposal shall be clearly endorsed with the RFP name and number and proposer name. Each proposal must be accompanied by a bid guarantee meeting the requirements described in the Request for Proposals. All proposals shall be made on standard bidding blanks furnished in the Request for Proposals documents. No proposal shall be considered unless it complies with all the rules and regulations set forth in the Contract documents. All bidders are urged to carefully read the same and comply with them. Copies of the proposal requirements and specifications are available between the hours of 9:00 am and 4:00 pm, Monday through Friday, excluding holidays, at Franklin County Children Services, 855 W Mound Street, Columbus, Ohio 43223 or may be requested at Purchas1@fccs.co.franklin.oh.us. Questions may be addressed to Susan Samuel, Purchasing & Facilities Manager at Purchas1@fccs.co.franklin.oh.us. 021811
COMMERCIAL REAL ESTATE
Wallace F. Ackley Co. Realtors www.wfaco.com Property Management - Rentals - Leasing - Sales
COMMERCIAL, RETAIL, OFFICE, WAREHOUSE • BEXLEY - 900 to 2,400 sq ft, 2nd floor office - 1,190 sq ft, 1st floor - Retail/mixed use
• GRANDVIEW/ARLINGTON/ DUBLIN RD. 1,300 to 6,100 sq ft office space • HILLIARD/ARLINGTON/ MILL RUN 1,140 to 7,000 sq ft office space
Daily, weekend or weekly. FREE delivery and retrieval. Range Rover Mercedes Escalade ESV Mini Cooper Exceptional service – very affordable rates.
COMMERCIAL REAL ESTATE
PRIME OFFICE LOCATIONS AVAILABLE FOR LEASE 2000 Henderson Rd. adjacent to Upper Arlington. Offices available starting at $242 per month, everything included (except phone and Internet). For more information, contact: Stacie Warren 800-753-3051 or 614-545-6222 email@example.com www. hadlercompanies.com
• NORTH AREA/RT. 161 - Attractive suites near Maple Canyon - 250 to 5,000 sq ft, 1st & 2nd floor • GAY ST./CAPITAL CROSSROADS 1,280 sq ft office loft • AIRPORT/5TH AVE. 12,000 sq ft office/warehouse
• WESTERVILLE/ HUBER VILLAGE BLVD. 445 to 1,140 sq ft office space (4 offices) • GAHANNA/ CREEKSIDE AREA - 450 sq ft (1st floor) office space - 100 to 650 sq ft (2nd floor) office space/free parking • GAHANNA/MORRISON RD. 500 to 8,940 sq ft office/ warehouse
INVESTMENT PROPERTY FOR SALE • SW COOPER STADIUM AREA 16 units (4 – 4 family) $390,000 • E. EASTMOOR/BEXLEY AREA 1 – 4 family townhome $239,000 • E. EASTMOOR/BEXLEY AREA 1 – 4 family garden $195,000 • SE EASTLAND AREA 1 – 2 family townhome $64,900
• EAST LIVINGSTON/ JAMES AREA 1 – 2 family garden $69,000 • EAST LIVINGSTON/ JAMES AREA 1 – 2 family garden w/ attached garage $109,900 • EAST LIVINGSTON/ JAMES AREA 3 – 2 family townhome $79,900 each
Brent Howard • 614 -231-3661
| for the record |
BUSINESS FIRST | columbusbusinessfirst.com (CIVP) case #201100000685 02/04/11
Erclem Gurhan/Nameless 1199-A Lakeshore Drive J. Donald Nichols Columbus 43204 $39,978 416 Jackson Blvd. (Other Tobacco Products Tax) Nashville, Tenn. 37205 case #11 JG 003219 $200,724 01/19/11 (941) case #201100000689 FOR CASE STATUS INCLUDING Robert Scott Williams/Bravo 02/04/11 WHETHER A LIEN HAS BEEN Cigar LLC RELEASED, CONTACT THE 1840 Corinth Drive J. Donald Nichols COUNTY’S COMMON PLEAS Sun Prairie, Wis. 53590 416 Jackson Blvd. COURT. INFORMATION AVAIL$40,392 Nashville, Tenn. 37205 ABLE ONLINE FOR FRANKLIN (Other Tobacco Products Tax) $117,714 COUNTY AT HTTP://FCDCFCJS. case #11 JG 003220 (940/941) CO.FRANKLIN.OH.US/CASEIN01/19/11 case #201100000690 FORMATIONONLINE/. 02/04/11 New Century Tobacco Group 9500 S. Dadeland Blvd., No. 801 FRANKLIN COUNTY Miami, Fla. 33156 RELEASED $36,738 Cardinal Fitness of Kettering (Other Tobacco Products Tax) Point FRANKLIN COUNTY case #11 JG 003221 10811 W. 143rd St., Suite 210 Jeffrey Van Swearingen 01/19/11 Orland Park, Ill. 60467 119 Worthington Square $25,664 Erclem Gurhan/Nameless Worthington 43085 (Sales Tax) 1199 Lakeshore Drive $66,520 case #11 JG 003204 Columbus 43204 (941) 01/19/11 $36,537 case #201102040017867 (Other Tobacco Products Tax) Christopher Cabinets 02/04/11 case #11 JG 003222 1032 Brimley Place Check Cashing USA Inc. 01/19/11 Westerville 43081 7001 Post Road, Suite 110 $15,931 Payne Mason Inc. Dublin 43016 (Sales Tax) 470 Enterprise St. $20,976 case #11 JG 003206 San Marcos, Calif. 92078 (940/941) 01/19/11 $36,738 case #201102040017877 (Other Tobacco Products Tax) Verus Card Service 02/04/11 case #11 JG 003224 1501 Farm Credit Drive, Suite 1 William Cusack 01/19/11 McLean, Va. 22102 4872 Saint Andrew Circle $29,692 New Century Tobacco Group Westerville 43081 (Corporate Franchise Tax) 9500 S. Dadeland Blvd., No. 801 $275,271 case #11 JG 003209 Miami, Fla. 33156 (6672) 01/19/11 $32,642 case #201102080019893 Guardian Business Services Inc. (Other Tobacco Products Tax) 02/08/11 case #11 JG 003225 3948 Townsfair Way, Suite 22 01/19/11 Robinson Transport Inc. Columbus 43219 2499 McGaw Road $44,703 Tantus Tobacco Sales LLC Columbus 43207 (Withholding Tax) 200 Progress Drive, Suite 700 $145,107 case #11 JG 003214 Russell Springs, Ky. 42642 (2290) 01/19/11 $32,592 case #201102080019909 (Other Tobacco Products Tax) Linda Jennings 02/08/11 case #11 JG 003226 2641 Williamsburg Pike 01/19/11 Karen Horoiwa Richmond, Ind. 47374 777 Waterton Drive $50,603 Nameless Premium Beverages Westerville 43081 (Use Tax) LLC $12,205 case #11 JG 003215 1921 E. 13th Ave. (Withdrawal) 01/19/11 Columbus 43201 case #201102080019911 $32,642 Erclem Gurhan/Nameless 02/08/11 (Other Tobacco Products Tax) 1199-A Lakeshore Drive case #11 JG 003227 Columbus 43204 PICKAWAY COUNTY 01/19/11 $38,291 DM&B Timber Division LLC (Other Tobacco Products Tax) Robert Scott Williams/Bravo P.O. Box 541 case #11 JG 003216 Cigars LLC Bainbridge 45612 01/19/11 1840 Corinth Drive $55,688 Sun Prairie, Wis. 53590 Robert Scott Williams/Bravo (940/941) $32,642 Cigar LLC case #201100000620 (Other Tobacco Products Tax) 1840 Corinth Drive 02/01/11 case #11 JG 003228 Sun Prairie, Wis. 53590 01/19/11 Walter Douglas Miller $38,687 1599 Lapperell Road P.O. Box 100 (Other Tobacco Products Tax) Tantus Tobacco Sales LLC Latham 45646 case #11 JG 003217 200 Progress Drive, Suite 700 $48,040 01/19/11 Russell Springs, Ky. 42642 (941) $40,157 Erclem Gurhan/Nameless case #201100000621 (Other Tobacco Products Tax) 1199-A Lakeshore Drive case #11 JG 003229 02/01/11 Columbus 43204 01/19/11 Laverne M. Wills $37,413 New Century Tobacco Group 21291 Wintergreen Drive (Other Tobacco Products Tax) 9500 S. Dadeland Blvd., No. 801 case #11 JG 003218 Circleville 43113 Miami, Fla. 33156 01/19/11 $56,954 PICKAWAY COUNTY
STATE TAX LIENS
$34,988 (Other Tobacco Products Tax) case #11 JG 003230 01/19/11 Erclem Gurhan/Nameless 1199-A Lakeshore Drive Columbus 43204 $34,797 (Other Tobacco Products Tax) case #11 JG 003231 01/19/11 Robert Scott Williams/Bravo Cigar LLC 1840 Corinth Drive Sun Prairie, Wis. 53590 $34,988 (Other Tobacco Products Tax) case #11 JG 003232 01/19/11 Payne Mason Inc. 470 Enterprise St. San Marcos, Calif. 92078 $34,988 (Other Tobacco Products Tax) case #11 JG 003233 01/19/11 Khalid Mohamed/Hookah Wahaj 265 River Run Trace Columbus 43235 $32,350 (Other Tobacco Products Tax) case #11 JG 003234 01/19/11 Market Maneuvers Inc. 2399 Coolidge Highway Berkley, Mich. 48072 $32,406 (Other Tobacco Products Tax) case #11 JG 003235 01/19/11 New Century Tobacco Group 9500 S. Dadeland Blvd., No. 801 Miami, Fla. 33156 $32,535 (Other Tobacco Products Tax) case #11 JG 003236 01/19/11 Erclem Gurhan/Nameless 1199-A Lakeshore Drive Columbus 43204 $32,357 (Other Tobacco Products Tax) case #11 JG 003237 01/19/11 Robert Scott Williams/Bravo Cigar LLC 1840 Corinth Drive Sun Prairie, Wis. 53590 $32,535 (Other Tobacco Products Tax) case #11 JG 003238 01/19/11 Payne Mason Industries 470 Enterprise St. San Marcos, Calif. 92078 $32,535 (Other Tobacco Products Tax) case #11 JG 003239 01/19/11 Market Maneuvers Inc. 2399 Coolidge Highway Berkley, Mich. 48072 $33,400 (Other Tobacco Products Tax)
case #11 JG 003240 01/19/11 New Century Tobacco Group 9500 S. Dadeland Blvd., No. 801 Miami, Fla. 33156 $33,533 (Other Tobacco Products Tax) case #11 JG 003241 01/19/11 Erclem Gurhan 1199-A Lakeshore Drive Columbus 43204 $33,349 (Other Tobacco Products Tax) case #11 JG 003242 01/19/11 Robert Scott Williams/Bravo Cigars LLC 1840 Corinth Drive Sun Prairie, Wis. 53590 $33,533 (Other Tobacco Products Tax) case #11 JG 003243 01/19/11 Payne Mason Inc. 470 Enterprise St. San Marcos, Calif. 92078 $33,533 (Other Tobacco Products Tax) case #11 JG 003244 01/19/11 Market Maneuvers Inc. 2399 Coolidge Highway Berkley, Mich. 48072 $35,167 (Other Tobacco Products Tax) case #11 JG 003245 01/19/11 New Century Tobacco Group 9500 S. Dadeland Blvd., No. 801 Miami, Fla. 33156 $35,167 (Other Tobacco Products Tax) case #11 JG 003246 01/19/11 Tantus Tobacco Sales LLC 200 Progress Drive, Suite 700 Russell Springs, Ky. 42642 $35,116 (Other Tobacco Products Tax) case #11 JG 003247 01/19/11 Nameless Premium Beverages LLC 1921 E. 13th St. Columbus 43201 $35,167 (Other Tobacco Products Tax) case #11 JG 003248 01/19/11 Robert Scott Williams/Bravo Cigars LLC 1840 Corinth Drive Sun Prairie, Wis. 53590 $35,167 (Other Tobacco Products Tax) case #11 JG 003249 01/19/11 Market Maneuvers Inc. 2399 Coolidge Highway Berkley, Mich. 48072 $32,642 (Other Tobacco Products Tax) case #11 JG 003250 01/19/11
FEBRUARY 25, 2011 | Radio Cincinnati Inc. P.O. Box 1483 York, Pa. 17405 $70,990 (Corporate Franchise Tax) case #11 JG 003262 01/19/11 Allied Site Development Inc. 2389 Refugee Park Columbus 43207 $13,843 (Commercial Activity Tax) case #11 JG 003263 01/19/11 Guardian Business Services Inc. 3948 Townsfair Way, Suite 22 Columbus 43219 $56,905 (Withholding Tax) case #11 JG 003264 01/19/11 Hewlett-Packard State & Local Enter 5400 Legacy Drive, No. H3-2A-82 Plano, Texas 75024 $154,288 (Withholding Tax) case #11 JG 003265 01/19/11 Fujitsu Computer Systems Corp. P.O. Box 3470 Sunnyvale, Calif. 94088 $97,775 (Withholding Tax) case #11 JG 003266 01/19/11 Arise Virtual Solution 3450 Lakeside Drive, Suite 620 Miramar, Fla. 33027 $13,843 (Commercial Activity Tax) case #11 JG 003267 01/19/11 American Eagle Wheel Corp. 5780 Soestern Court Chino, Calif. 91710 $13,199 (Commercial Activity Tax) case #11 JG 003268 01/19/11 Christopher Cabinets 1032 Brimley Place Westerville 43081 $13,465 (Sales Tax) case #11 JG 003269 01/19/11 F.I.Q. LLC 12 Finley Road Winchester, Ky. 40391 $11,577 (Sales Tax) case #11 JG 003724 01/25/11 P&H Roofing Inc. 3480 Millikin Court Columbus 43228 $15,245 (Commercial Activity Tax) case #11 JG 003725 01/25/11 P&H Roofing Inc. 3480 Millikin Court Columbus 43228 $14,334 (Commercial Activity Tax)
case #11 JG 003726 01/25/11 P&H Roofing Inc. 3480 Millikin Court Columbus 43228 $14,775 (Commercial Activity Tax) case #11 JG 003730 01/25/11 Continental Sprayers International 27 Guenther Blvd. Saint Peters, Mo. 63376 $14,794 (Commercial Activity Tax) case #11 JG 003744 01/25/11 P&H Roofing Inc. 3480 Millikin Court Columbus 43228 $14,999 (Commercial Activity Tax) case #11 JG 003745 01/25/11 P&H Roofing Inc. 3480 Millikin Court Columbus 43228 $14,537 (Commercial Activity Tax) case #11 JG 003838 01/25/11 Thomas Glass Co. Inc. 150 Heatherdown Drive Westerville 43081 $14,619 (Sales Tax) case #11 JG 003937 01/25/11 P&H Roofing Inc. 3480 Millikin Court Columbus 43228 $14,185 (Commercial Activity Tax) case #11 JG 003940 01/25/11 Continental Sprayers International 27 Guenther Blvd. Saint Peters, Mo. 63376 $14,186 (Commercial Activity Tax) case #11 JG 003944 01/25/11 Continental Sprayers International 27 Guenther Blvd. Saint Peters, Mo. 63376 $14,774 (Commercial Activity Tax) case #11 JG 003946 01/25/11 P&H Roofing Inc. 3480 Millikin Court Columbus 43228 $14,039 (Commercial Activity Tax) case #11 JG 003949 01/25/11 Continental Sprayers International 27 Guenther Blvd. Saint Peters, Mo. 63376 $14,039 (Commercial Activity Tax) case #11 JG 003953 01/25/11
Continental Sprayers International 27 Guenther Blvd. Saint Peters, Mo. 63376 $14,537 (Commercial Activity Tax) case #11 JG 003955 01/25/11 Thomas Glass Co. Inc. 150 Heatherdown Drive Westerville 43081 $14,567 (Sales Tax) case #11 JG 003970 01/25/11 Continental Sprayers International 27 Guenther Blvd. Saint Peters, Mo. 63376 $14,345 (Commercial Activity Tax) case #11 JG 003976 01/25/11 Thomas Glass Co. Inc. 150 Heatherdown Drive Westerville 43081 $13,286 (Sales Tax) case #11 JG 003993 01/25/11 Excel Staffing Services of Cincinnati 550 E. Town St. Columbus 43215 $16,440 (Sales Tax) case #11 JG 003999 01/25/11 Thomas Glass Co. Inc. 150 Heatherdown Drive Westerville 43081 $13,247 (Sales Tax) case #11 JG 004002 01/25/11 Golf Galaxy Inc. 345 Court St. Coraopolis, Pa. 15108 $165,250 (Corporate Franchise Tax) case #11 JG 004003 01/25/11 American Musical Supply Inc. 65 Greenwood Ave. Midland Park, N.J. 74320 $10,002 (Commercial Activity Tax) case #11 JG 004023 01/25/11 Thomas Glass Co. Inc. 150 Heatherdown Drive Westerville 43081 $13,203 (Sales Tax) case #11 JG 004030 01/25/11 Excel Staffing Services of Cincinnati 550 E. Town St. Columbus 43215 $16,387 (Sales Tax) case #11 JG 004032 01/25/11
For information on advertising contact Holly Caruso at 614.220.5432 or via email at firstname.lastname@example.org RESIDENTIAL REAL ESTATE
COMMERCIAL REAL ESTATE
RETAIL FOR LEASE
FOR SALE 999 Kinnear Road Columbus, Ohio 43212
• 26,000 SF • 1 Drive-in door w/ 20' height • 4 Docks • Signage opportunity corner of
Kenny & Kinnear Road
Contact Stephen Tucker
• 36,000 SF building warehouse • Office • Showroom located in the desirable Grandview Heights District • 2 loading docks & fenced yard • $995,000
Contact: Rob Gillie (614) 255-4369 www.krgre.com
• 2,600 – 1600 – 900 sq. ft. • Neighborhood center • New reduced lease rate! • Come take a look! • Anchors: Fat’s Billiards • Deputy Registrar Legends Bar • State Farm • Long term tenancy
NEW PRICE! • OPEN HOUSE March 6 from 2-4 pm
Bob Bowen, Broker 614.799.9800 ext. 27 email@example.com
1012-1030 W. THIRD AVE.
Hayden Run Shopping Center
Betsy Neidenthal Office: 614.741.2430 | Cell: 614.329.6700 Fax: 614.474.8035 Betsy.Neidenthal@KingThompson.com
| for the record |
| FEBRUARY 25, 2011
Cardinal Fitness of Kettering Point 10811 W. 143rd St., Suite 210 Orland Park, Ill. 60467 $22,254 (Sales Tax) case #11 JG 004041 01/25/11 Singer Sheet Metal Co. Inc. P.O. Box 7 Parkersburg, W.Va. 26102 $36,431 (Withholding Tax) case #11 JG 004063 01/25/11 Excel Staffing Services of Cincinnati 550 E. Town St. Columbus 43215 $16,330 (Sales Tax) case #11 JG 004068 01/25/11 Thomas Glass Co. Inc. 150 Heatherdown Drive Westerville 43081 $13,159 (Commercial Activity Tax) case #11 JG 004070 01/25/11 P&H Roofing Inc. 3480 Millikin Court Columbus 43228 $13,854 (Commercial Activity Tax) case #11 JG 004071 01/25/11 John Johnson II 1435 Park Ave. Nitro, W.Va. 25143 $59,628 (Withholding Tax) case #11 JG 004073 01/25/11 Continental Sprayers International 27 Guenther Blvd. Saint Peters, Mo. 63376 $13,853 (Commercial Activity Tax) case #11 JG 004075 01/25/11 Vincent Industrial Plastics Inc. 232 Heilman Ave. Henderson, Ky. 42419 $13,853 (Commercial Activity Tax) case #11 JG 004076 01/25/11 Continental Sprayers International 27 Guenther Blvd. Saint Peters, Mo. 63376 $13,725 (Commercial Activity Tax) case #11 JG 004077 01/25/11 P&H Roofing Inc. 3480 Millikin Court Columbus 43228 $13,728 (Commercial Activity Tax) case #11 JG 004082 01/25/11 Thomas Glass Co. Inc. c/o Jeff Brenner 150 Heatherdown Drive Westerville 43081 $13,117 (Sales Tax) case #11 JG 004089 01/25/11 Excel Staffing Services of Cincinnati 550 E. Town St. Columbus 43215 $16,281 (Sales Tax) case #11 JG 004091 01/25/11 Abdel Al-Sayyed/Cel U Express/ Scrock Road Drive 2600 Bouchard Court Powell 43065 $122,358 (Sales Tax) case #11 JG 004093 01/25/11 Murib D. Yasser 4472 Harrisburg Pike Grove City 43123 $124,206 (Sales Tax) case #11 JG 004094 01/25/11
LICKING COUNTY Central Ohio Excavating Inc. 141 Milliken Drive Hebron 43025 $13,858 (Commercial Activity Tax) case #2011 JD 140101 02/01/11 Central Ohio Excavating Inc. 141 Milliken Drive Hebron 43025 $14,044 (Commercial Activity Tax) case #2011 JD 140117 02/01/11 Central Ohio Excavating Inc. 141 Milliken Drive Hebron 43025 $14,190 (Commercial Activity Tax) case #2011 JD 140118 02/01/11 Central Ohio Excavating Inc. 141 Milliken Drive Hebron 43025 $14,340 (Commercial Activity Tax) case #2011 JD 140119 02/01/11 Central Ohio Excavating Inc. 141 Milliken Drive Hebron 43025 $14,541 (Commercial Activity Tax) case #2011 JD 140121 02/01/11 Central Ohio Excavating Inc. 141 Milliken Drive Hebron 43025 $14,779 (Commercial Activity Tax) case #2011 JD 140122 02/01/11 Central Ohio Excavating Inc. 141 Milliken Drive Hebron 43025 $14,122 (Commercial Activity Tax) case #2011 JD 140123 02/01/11 Central Ohio Excavating Inc. 141 Milliken Drive Hebron 43025 $11,252 (Commercial Activity Tax) case #2011 JD 140124 02/01/11 Central Ohio Excavating Inc. 141 Milliken Drive Hebron 43025 $13,732 (Commercial Activity Tax) case #2011 JD 140125 02/01/11 Charles E. Smitley 401 W. Main St. Newark 43055 $11,304 (Sales Tax) case #2011 JD 140158 02/02/11 Charles E. Smitley 401 W. Main St. Newark 43055 $13,419 (Sales Tax) case #2011 JD 140159 02/02/11 Layman Dairy Inc. 2868 Lake Fork Road Utica 43080 $14,200 (Commercial Activity Tax) case #2011 JD 140165 02/02/11 Layman Dairy Inc. 2868 Lake Fork Road Utica 43080 $14,054 (Commercial Activity Tax) case #2011 JD 140167 02/02/11 Layman Dairy Inc. 2868 Lake Fork Road Utica 43080 $13,868 (Commercial Activity Tax) case #2011 JD 140168 02/02/11 Layman Dairy Inc. 2868 Lake Fork Road Utica 43080 $13,742 (Commercial Activity Tax) case #2011 JD 140169 02/02/11
PICKAWAY COUNTY Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $11,286 (Sales Tax) case #2011CJ0040 01/19/11 Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $11,326 (Sales Tax) case #2011CJ0044 01/19/11 Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $11,409 (Sales Tax) case #2011CJ0045 01/19/11 Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $11,240 (Sales Tax) case #2011CJ0048 01/19/11 Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $11,455 (Sales Tax) case #2011CJ0050 01/19/11 Aim High Medical LLC 2871 N. Court St. Circleville 43113 $14,209 (Commercial Activity Tax) case #2011CJ0062 01/19/11 Aim High Medical LLC 2871 N. Court St. Circleville 43113 $14,063 (Commercial Activity Tax) case #2011CJ0089 01/19/11 Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $11,365 (Sales Tax) case #2011CJ0090 01/19/11 Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $11,320 (Sales Tax) case #2011CJ0091 01/19/11 Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $11,280 (Sales Tax) case #2011CJ0093 01/19/11 Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $11,233 (Sales Tax) case #2011CJ0094 01/19/11 Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $11,200 (Sales Tax) case #2011CJ0096 01/19/11 Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $11,168 (Sales Tax) case #2011CJ0098 01/19/11 Braety Brand LLC 176 Butternut Pass Commercial Point 43116 $13,753 (Sales Tax) case #2011CJ0099 01/19/11 Larilor Inc. P.O. Box 298 Kingston 45644 $21,156 (Sales Tax) case #2011CJ0184 02/08/11
The Arlington Bank to Stephen VACANT LAND T. and Nancy E. Falk property at FRANKLIN COUNTY 2175 Lane Road COMMERCIAL Columbus 43220 Giehl Brothers LLC to Safin LLC Portion 3.00 Acres Sec. 01 01 19 (no address shown) FAIRFIELD COUNTY Parcel ID 070 010351 Lot Reserve C Safin Industrial Bank of America NA to $900,000 Park Stonecreek Professional $225,000 U.S. Bank NA to Gregory S. Building Zanetos property at PICKAWAY COUNTY property at 11295 Stonecreek Drive 76 Buttles Ave. Ethel L. Cline and Leslie U. Cline Pickerington 43147 Columbus 43215 to Larry D. Burngarth et al. Lot 2 Bee Dee Lots 20-24 Herman M. Hubbard’s Ridgeway $4,557,937 Heirs 45.363 Acres/104.518 Acres/5.01 $528,500 Acres (metes & bounds) FRANKLIN COUNTY Wells Fargo Bank NA to Kirt A. Parcel ID B0600010036905/ Ohio Statewide Development and Cynthia K. Walker B0600010037100/ Corp. to Ravines Edge Holdproperty at B0600010037109 ings Ltd. 7227 Waterston $624,981 property at New Albany 43054 Wiley LLC to Steve Hines 8000 Ravines Edge Court Lot 11 The New Albany Country Weigand Columbus 43235 Club 62.238 Acres (metes & bounds) Portion Reserve D North Woods $945,000 Parcel ID D1200020019302 $850,000 $310,000 Perpetual Federal Savings PICKAWAY COUNTY Maronda Homes Inc. to Bank to S&S Investments of The Citizens Bank of Logan to Barbara J. Barth Central Ohio Troy and Vonda Gabriel Adrien property at Lot 87 Walker Pointe 355 Demorest Road/9050 Geirich property at 6105/6259 Route 674 $240,445 Road/2816 Sandusky Drive/5596 Stoutsville 43154 Green Brothers Blvd. 110.093 Acres/1.660 Acres Sec. Lot 75 J.L. Moore’s Addition/ RESIDENTIAL 01 11 21 Unit 5596 Norton Meadows $780,000 Condominium/Lot 643 FAIRFIELD COUNTY Westgate Park/0.294 Acres (metes & bounds) Parcel ID 230 Gerald Zufall to Steven and 001179/230 001364 et al. Susan Feeney $550,000 1970 W. Glenhurst Drive N.W. Lancaster 43130 The Huntington National Bank Lot 34 Heather Lakes to Charles M. Lewis Family LLC THE FOLLOWING INFORMATION property at $435,000 IS AVAILABLE ON DISK OR VIA 845 Harrisburg Pike R. Bee Miller to Gerald and E-MAIL. CALL 877-593-4157 Columbus 43223 Toni L. Zufall 0.837 Acres/2.775 Acres (metes 5773 Royalton Road S.W. & bounds) Parcel ID 570 184221 COMMERCIAL Lancaster 43130 $665,640 37.66 Acres Sec. 06 14 19 Parcel WesBanco Bank Inc. to Dublin ID 0170001800 FRANKLIN COUNTY Manor LLC $260,000 Columbus Corporate Center 15 Clairedan Drive Robert Douglas Rutter to Terry Inc. to Menard Inc. Powell 43065 L. and Amy K. Biddle 6810 E. Broad St./6814 E. Broad property at 1639 W. Audubon Blvd. St./Brice Road 1828/1833/1850/1854/1906 Lancaster 43130 Columbus Hannah Farms Lot 23 Pheasant Ridge Parcel ID 010-165722/010Court/936/937/940/950/951 121090/010-121094 (metes and $250,000 Suzanne Way/948/968/978 bounds) William J. Stover to William Heritage St. et al. $4,200,000 R. Young Gahanna 43004 2800 Fairfield Union Road N.E. Lots 1/3/5-6/9/12/14/15/20/23/ Zebra Holdings LLC to Tellus Lancaster 43130 32-37/42 Village at Hannah Properties LLC 12.15 Acres Sec. 31 17 17 Parcel Farms et al. 6770 Perimeter Drive ID 0310041020 $554,000 Dublin 43016 $240,000 Unit 6770 Perimeter Place ProPICKAWAY COUNTY fessional Office Condominium N.V.R. Inc. to Angel M. Bowers $910,000 8431 Streamwood Ave. N.W. Thomas M. Bolon Sr./Mary Canal Winchester 43110 Jane Bolon to K.T.J. Ltd. Cardinal Leasing Corp. to C&J Lot 186 Woodstream (no address shown) Real Estate & Equipment $234,240 8.910 Acres/1.489 Acres/3.617 Investment LLC Acres Sec. 01 02 22 1009 Joyce Ave. Dale E. Meeks to Edwin Parcel ID D130320000105/ Columbus 43219 Maynard Miller and Mary D130320000100 Parcel ID 010-099234 4.218 M. Deely $1,300,000 Acres (metes and bounds) 9285 Basil Road N.W. $635,000 Baltimore 43105 45.89 Acres Sec. 14 16 19 Parcel RESIDENTIAL BP Products North America ID 0210047600 Inc. to Hutton Ohio One LLC $230,000 FAIRFIELD COUNTY 675 Hudson St. Columbus 43211 Vernon D. Bright Jr. to Michael Farm Credit Services of Parcel ID 010-076526 1.431 S. and Dee R. Smith Mid-America FLCA to Matt Acres (metes and bounds) 7301 Woodale Drive N.W. R. Milless $370,000 Carroll 43112 (no address shown) Lot 6-E Woodale Des Auto Service Co. Inc. to 105.19 Acres/107.72 Acres/ $228,000 3952 Broadway LLC Portion 110 Acres Sec. 07 13 3952 Broadway 19/Portion 149.82 Acres Sec. Janeen L. Palmer aka Janeen Grove City 43123 18 13 19 L. Bussert to Charles F. and Lots 72-74 $845,000 Patti A. Crist 4990 Pleasant Valley Road S.W. Standing Stone National Bank $300,000 Lancaster 43130 Moon Sup Kang and Caye H. to Dale T. Stalter Trustee 2.07 Acres Sec. 29 14 19 Parcel Kang to David Brown Ltd. (no address shown) ID 0170012510/0.67 Acres/0.25 7887 Riverside Drive Lots 11/13-15/18/Portion Lots Acres Sec. 32 14 19 Parcel ID Dublin 43016 9-10/12/19-22 Zane’s Original 0170020000/0170021500 Parcel ID 273-008669 1.105 Town of Lancaster et al. $215,000 Acres (metes and bounds) $500,000 $272,000 Fischer Single Family Homes II FRANKLIN COUNTY CPA Properties LLC to El Centro LLC to Thomas and Stephanie M. Apicella Properties LLC JPMorgan Chase Bank NA to 116 Urich Drive 115 E. Noble St., Unit 1 Laurie Y. Clements Pickerington 43110 Columbus 43215 property at Lot 37 The Landings/Longview Unit 115-1 Renaissance 4263 Olmsted Road Acres Condominium New Albany 43054 $205,890 Lot 4 The New Albany Country Club $212,000 Nicholas M. Elkins to Steven $618,454 LICKING COUNTY James Wooldridge and Sarah MetLife Bank NA to Mark S. B. Wooldridge Realty Development Co. No. and Adriana C. Cain 601 Preston Trails Drive Two Ltd. to Concord Apartproperty at Pickerington 43147 ments Ltd. 7575 Lee Road Lot 444 Preston Trails 41 N. 40th St. Westerville 43081 $200,000 Newark 43055 Portion 10.9056 Acres (metes & Westview Manor Reserve, No. Two Pamela G. Vanfossen to Paul R. bounds) Parcel ID 221 000010 and Susan J. Redmond $1,514,000 $923,200
REAL ESTATE TRANSACTIONS
columbusbusinessfirst.com | BUSINESS FIRST M/I Homes of Central Ohio LLC to Anthony G. and Lorraine E. Shill 4001 Westbury New Albany 43054 Lot 11 New Albany Country Club $471,000 Fischer Single Family Homes II LLC to Kyle Andrew Perry and Eydie Rallos Perry 7748 Wavetree Court Columbus 43235 Lot 33 Oldstone Crossing $463,000 Sharon E. Hall to Larry A. and Deborah A. Crowell 7015 Ballantrae Loop Dublin 43016 Lot 273 Ballantrae $355,000 Walhalla Development Group LLC to Marc E. and Wendy M. Hardman 10 E. Weber Road, Unit 404 Columbus 43202 Unit 404 Terraces on Walhalla Condominium $340,000 Ross E. and Amy S. Holden to Keith L. and Mary K. Sheridan 5582 Kinvarra Lane Dublin 43015 FRANKLIN COUNTY Lot 54 Ballantrae $337,000 Susan and Mike A. Hamilton David Brown Ltd. to Jianming aka Susan L. Hamilton to Yu and Chengliang Liu Mark S. and Adriana C. Cain 7887 Riverside Drive 7575 Lee Road Dublin 43016 Westerville 43081 Parcel ID 273-008669 1.105 Parcel ID 221-000010 10.679 Acres (metes and bounds) Acres (metes and bounds) $335,000 $1,154,000 Huntington National Bank to John W. Galbreath II and AliRose Marie Webster son B. Galbreath to William 4957 Denbigh Court N. and Patricia A. Hadler Columbus 43220 2575 Leeds Road Lot 43 Francisco Glen Columbus 43221 Lot 9/4 Canterbury Woods/Lot 36 $315,000 Canterbury Place Rob and Kelly Schlissberg to $1,150,000 Divyanshu Tiwari and Sunita Shukla Dani Homes Ltd. to Carolyn A. 7757 Ardaugh Court White Trustee Dublin 43017 4585 Ackerly Farm Road Lot 553 Dublinshire New Albany 43054 $310,000 Lot 24 New Albany Country Club $818,000 Fannie Mae aka Federal National Mortgage Association Lajos L. and Emily W. Szabo to Jason and Laura Bowser Trustee to Peter J. Popovics 7830 Harlem Road and Sharon K. Aberman Westerville 43081 Popovics Parcel ID 220-002156 1.2359 7640 Bellaire Ave. Acres (metes and bounds) Dublin 43017 $299,000 Lot 17 Dublin Estates $785,000 Benjamin V. and Sheila J. Vance to Gary L. and Julie Philip S. Phillips as Trustee for A. Olin the Eden Creek Trust to Kelly 736 Lindridge Drive L. and Patrick M. Reeves Galloway 43119 2444 Plymouth Ave. Lot 153 Village at Thornapple Columbus 43209 $285,000 Lots 36-37 Bullitt Park $580,000 M/I Homes of Central Ohio LLC to Jennifer L. and Andrew M/I Homes of Central Ohio D. Martin LLC to Cory M. Folz and Amy 5003 Notting Hill Drive H. Lee New Albany 43054 7305 Southfield Road Lot 441 Windsor New Albany 43054 $284,000 Lot 37 New Albany Country Club $553,000 Murphy Development Co./ Asherton Grove LLC to KenM/I Homes of Central Ohio neth E. Snyder and Sally Ann LLC to Catherine A. Chiodo Berendts Trustee 3995 Holkham 5875 Asherton Grove Drive New Albany 43054 Westerville 43081 Lot 12 New Albany Country Club Unit 5875 Asherton Grove $527,000 Condominium $267,000 Ann G. and Carl Janiak/Ben L. and Susan B. Corcoran to Kirk M/I Homes of Central Ohio LLC R. and Zonia M. Horn to Jennifer L. Dipaolo 303 S. Dawson Ave. 6713 Hobbs Landing Drive E. Columbus 43209 Dublin 43017 Lots 26-27 Bullitt Park Unit 13 Greystone Mews $505,000 Condominium Daniel M. and Marcia A. Knapp $260,000 to Joseph D. and Lara R. H. Thalman Brich Trustee of Perrault the William N. Thalman Trust 5737 Bonaly Court to Robert C. Williams II and Dublin 43016 Jacquelyn W. Williams Lot 304 Ballantrae 5454 Eaglesnet Drive $485,000 Westerville 43081 Lot 37 Glade Prudential Relocation Inc. $259,000 to Jarrod L. and Molly L. Wachter John J. and Jennifer J. Scalzo 7755 Sutton Place to William M. Midian New Albany 43054 (no address shown) New Albany Country Club Lot 11 Taylor Ridge Estates $481,000 $255,000 9535 Salem Church Road Canal Winchester 43110 1.25 Acres Sec. 16 14 20 Parcel ID 0080048600 $194,900 Albert R. Gilman to Jill L. Embrey 10835 Ridge Road S.W. Amanda 43102 3.00 Acres Sec. 32 13 20 Parcel ID 0020070030 $173,500 Westport Homes of Ohio Inc. to Pamela A. and Kenneth Gregory 543 Herrogate Square Pickerington 43147 Lot 315 Preston Trails $172,500 Neala Carpenter Hopkins Successor Trustee to Gregg S. and Stacy R. Wymer 13077 Sheffield Drive Pickerington 43147 Lot 34 Chevington Woods $163,500 Mary Elizabeth Gabel to William E. and Sandra L. Bunce 2661 Sterling Drive N.W. (no city/zip shown) Lot 9 Sterling Forest $150,000
BUSINESS FIRST | columbusbusinessfirst.com Jason M. Terrell and Amy R. Leman Terrell to Bryan M. Petras and Rachel G. Ruggeri 59 E. Riverglen Drive Worthington 43085 Lot 40 Colonial Hills $249,000 Fannie Mae aka Federal National Mortgage Association to Amit Verma and Aditi Bhatiya 4664 Strayer Drive Hilliard 43026 Lot 51 Britton Farms $246,000 Sunfield Inc. to Emily R. and Zack S. Murray 7362 Tottenham Place New Albany 43054 Lot 200 Hampstead Village $240,000 Stuart A. Federman to Gang Ruan 216 Buttonwood Court Columbus 43230 Lot 831 Hunters Ridge $238,000 Thomas P. and Sharon K. Slavin to Robert H. and Heidi R. Miller 2512 Johnston Road Columbus 43220 Lot 4 Fishinger Park $232,000 Michael E. and Kathleen S. Kellner to Robert and Cecelia Youngs 7051 Camden Drive New Albany 43054 Lot 151 New Albany Links $230,000 Justin R. Morrison and Whitney R. Shelton fka Whitney R. Morrison to Loren Marie Collins and Kaylee T. Brooks (no address shown) Lot 40 Bohannans Manhattan $228,000 Ann E. and John V. Sebastian to Evelyn M. Hummon 5375 Castle Pines Columbus 43235 Lot 133-A Linworth Village $227,000 Debra A. Comer Trustee of the N. Jean Burkhart Trust to Linda S. Robbins 1102 E. Strathaven Court Worthington 43085 Unit 4-A Strathaven of Worthington Condominium $216,000 Fifth Third Mortgage Co. to David L. Besancon 4567 Ashview Court Hilliard 43026 Lot 190 Britton Farms $208,000 Morris E. and Sylvia A. Jordan to Daniel S. Robins Trustee 2828 Fair Ave. Columbus 43209 Lot 16 Broadleigh $200,000 Daniel M. Gare to Leslie D. Kleen 110 Olentangy Point Columbus 43202 Unit J-110 Olentangy Point and Cove Condominium $200,000
Newark 43055 Lot 13143 Park Trails $260,000 Georgesville Plaza Inc. to Terry J. Hamilton 3209 Headleys Mill Road Pataskala 43062 7.863 Acres Portion Lot 5 Sec. 01 01 15 Parcel ID 063 140892 00 000 $255,000 Melissa M. and Brian J. Sailer to Dwight P. and Kari R. Davidson 144 Beechwood Drive Granville 43023 Lot 16 Thornewood $243,000 John A. and Sally A. Weisent to Shannon and Rebecca Elston 5313 Horns Hill Road Newark 43055 9.298 Acres/2.537 Acres/2.578 Acres Portion Lot 14 Sec. 04 03 12 Parcel ID 059 295800 00 007/059 295800 00 000/059 295800 00 009 $238,500 Mitchel E. and Carolyn J. Spencer to Jesse W. and Amber M. Bailey 63 McCracken St. Johnstown 43031 2.166 Acres Portion Lot 1 Sec. 02 03 15 Parcel ID 053 183582 00 000 $226,000 Mary K. Ahern and Kelly A. Ahern to Mike F. and Carmella M. Joseph 13475 Downing Road Croton 43013 7.641 Acres Lot 24 Sec. 02 04 15 Parcel ID 027 083964 00 004 $200,000 Shawn V. Brodie to Steven A. and Deborah M. Saunders 12569 Crouse Willison Road Croton 43013 2.002 Acres Lot 16 Sec. 04 04 15 Parcel ID 027 083514 00 003 $198,500 N.V.R. Inc. dba Ryan Homes to Lorant and Shelley M. Ipacs 114 Royalty Drive Pataskala 43062 Lot 21 Royal Acres $193,000 Bryan J. and Christine L. Barrett to Rozzi J. Messina II 274 Brenton Drive Newark 43055 Lot 9857 Reserve C of Gregory Park Addition $191,000 Jose M. Pedrozo to James W. Cannon III and Emily M. Cannon 2086 Claystone Place Reynoldsburg 43068 Lot 129 The Woods at Slate Ridge $190,000 Fannie Mae aka Federal National Mortgage Association to Michael E. and Sheri L. McGee 387 Timberland View Drive Newark 43055 Lot 13005 Park Trails $189,000 LICKING COUNTY William H. Clay Jr. and Sharon Gary R. and Rita I. Johnson A. Clay to Debra L. Burley to Stuart F. and Kathleen D. 113 Bellebrooke Drive Sadoff Pataskala 43062 4729 North Bank Road Lot 310 Brooksedge Buckeye Lake 43008 Lot 39 Rosebraugh Addition/Lots $175,000 45-54 Buckeye Lake Reservoir David P. and Stacy Kreklau Lands to Michelle S. Maples and $279,500 Stephen R. Poole 8378 Emeric Close Christie M. and Lourn B. Evans Reynoldsburg 43068 Jr. to Brian E. and Stacy A. Lot 86 Reserve at Reynoldsburg Walters 2607 Upland View Court $164,500
| for the record | Maronda Homes Inc. of Ohio to Holly M. and Stephen W. Ross to Daniel J. Entler John A. Weber 29814 Wolfe Road 1408 Hoovler Circleville 43113 Pataskala 43062 Lot 1 Wright Farms Lot 99 Legacy Estates $207,000 $164,500 Ralph Kirk and Melody J. Kirk Virgil J. West to Harold E. Fielder 9470 Crownover Road to Jason F. Collins Williamsport 43164 289 N. Heather Drive 3.062 Acres (metes & bounds) Newark 43055 Parcel ID C0900010003601 Lot 11878 Heather Heights $200,000 $154,500 BESCO LLC to David E. and Mary Harold R. and Elizabeth M. Arledge to Ryan M. Arledge B. Jones Morris Road/1206 N. Court St. 312 Hayloft Court Portion Lot 58 Watt Land Pataskala 43062 Acres/0.424 Acres (metes Lot 5 Homesteads of the Border & bounds) Parcel ID Place A0511350000900 $154,000 $200,000 PICKAWAY COUNTY Robert Lee Spencer Jr./ Michelle Marie Spencer to Harrison Run Development Wayne L. Essman Ltd. to Christopher P.J. Pence 14825 Messmore Road 11939 Bulen Pierce/Bulen Pierce Ashville 43103 Lochbourne 43137 Lot 1 Baemel Estates 101.125 Acres/39.5 Acres/47.22 $190,500 Acres (metes & bounds) Randy H. and Suzanne K. SilParcel ID D1200020019700/ berman to Thomas M. Wikle D1200020019800/ 513 Forestview Court D1200020020100 Circleville 43113 $525,000 Lot 110 Sylvan Bryan P. and Tamie K. Wallake $180,000 to Todd E. Shultheis Richard I. and Marcia A. 8720 Hagerty Road Hughes to John J. Killian Ashville 43103 19849 London Road 10.24 Acres (metes & bounds) Circleville 43113 Parcel ID M3000030016000 5.014 Acres (metes & bounds) $339,999 Parcel ID E1500010014705 Paul E. and Linda C. Wilcox to $178,000 Steven Keech Bank Savings to Anthony L. 22163 Dublin Hill Road/Dublin Blair Hill Road 512 Sycamore Drive Mount Sterling 43143 Circleville 43113 5.01 Acres/11.451 Acres Lot 80 Northwood Park (metes & bounds) Parcel $161,000 ID G1700010034706/ Jeffrey A. and Sherry L. Binkley G1700010034710 to Jared Skinner $330,000 570 Hickory Place Paul William Carpenter/Myra Circleville 43113 G. Carpenter Trustee/William Lot 35 Northwood Park $156,000 S. Carpenter Trustee et al. to H. Scott Clifton Pherson Pike/London Road/18376 London Road/17900 London 9.0 Acres/21.77 Acres/39.97 Acres/47.87 Acres (metes & bounds) Parcel COMMERCIAL ID H1800010017800/ H1800010017900/ CITY OF COLUMBUS H1800010018000/ (contractor not shown) H180001001800 et al. commercial alteration at $285,152 3131 Silver Drive George Robert Black and (change of occupancy) Penny Sue Black to Todd $175,000 Michael Stahr Commercial Revision Contrac12993 Tarlton Road/Tarlton Road tors Inc. Circleville 43113 commercial addition at 1.5 Acres/4.111 Acres 1001 Kingsmill Parkway (metes & bounds) Parcel (5,710 sq. ft. additon to office ID K2500020005102/ building) K2500020005106 $750,000 $282,000 Corna Kokosing ConstrucCynthia W. Harvey and Brandol tion Co. M. Harvey to Pavel Burdak commercial alteration at 12263 Gibson Road 580 N. Fourth St. Ashville 43103 (office area on third floor/new 1.55 Acres (metes & bounds) office suite) Parcel ID L2700010048510 $450,000 $280,000 Long & Wilcox LLC Amelia R. Garner to Mark A. commercial alteration at 8760 Orion Place, Suite 150 Clemmons (1st floor renovations) 19511 Florence Chapel Pike $50,000 Circleville 43113 83.00 Acres (metes & bounds) Markpoint Development Parcel ID E1500010044100 commercial alteration at $270,000 2895 Olentangy River Road (restaurant) Duane R. and Natalie J. War$190,000 nock to Melissa L. Smith 11644 Ashville Pike Messer Construction Co. Ashville 43103 commercial addition at Lot 5 Harrison Acres 5155 N. High St. (2-story addition at existing $215,000
health center wing) $4,100,000 Messer Construction Co. commercial alteration at 111 S. Grant Ave. (2nd floor broncoscopy renovation) $220,000 Norman Construction Services LLC commercial construction at 2613 Parsons Ave. (addition of canopy for front walk) $80,000 Pierce Leigh Construction Inc. commercial alteration at 7000 E. Broad St. Kroger-The Little Clinic (grocery store to add medical clinic area) $50,000 Pierce Leigh Construction Inc. commercial alteration at 5037 N. High St. Kroger-The Little Clinic (grocery store to add medical clinic area) $55,000 Quandel Group Inc. commercial building at 3825 Big Red Way (30x40 storage garage with mezzanine and toilet room) $200,000 Rafferty Construction Inc. commercial alteration at 6915 E. Broad St. Jimmy Johns (change of occupancy space 6915 retail strip center building for restaurant) $200,000 Turner Construction Co. commercial alteration at 1 Nationwide Plaza Plaza 1 (38th floor renovations) $300,000
RESIDENTIAL CITY OF COLUMBUS Bob Webb Group single-family residence at 3840 Stonewater Drive Lot 27 Stonebridge Crossing $233,050 Buckeye Basements Inc. single-family residence alteration at 3780 Riverwatch Lane (finish basement for living area/ bar/rec room) $60,000 Dominion Homes Inc. single-family residence at 6254 Red Glare Drive Lot 242 Village at Galloway Run $113,142 Dominion Homes Inc. single-family residence at 227 Spinosa St. Lot 69 Reynolds Crossing $174,602 Dominion Homes Inc. single-family residence at 6266 Red Glare Drive (no subd. shown) $103,951 Eagle Custom Construction multifamily residence alteration at 3325 Willington Drive (repair fire/smoke/water damage/2 family) $95,000 Fischer Single Family Homes II LLC single-family residence at 4276 Buck Creek Drive Lot 35 Ashton Point $110,093
FEBRUARY 25, 2011 | Hanlin Rainaldi Construction Corp. single-family residence at 1092 Seymour Ave. Lot 113 Lenox $145,000 MH Murphy Development Co. multifamily residence at 3484-3492 Winchester Bend Drive Building 15 (apartments/4 family) $200,000 MH Murphy Development Co. multifamily residence at 3577-3585 Winchester Bend Drive Building 9 (apartments/4 family) $200,000 MH Murphy Development Co. multifamily residence at 3468-3476 Winchester Bend Drive Building 6 (apartments) $200,000 MH Murphy Development Co. multifamily residence at 3591-3599 Winchester Bend Drive Building 10 (apartments/4 family) $200,000 Revive Remodeling LLC single-family residence addition at 429 Garden Road (10x22 room) $72,000 Woda Construction Inc. single-family residence at 1570 Richmond Road Lot 3 Monarch Greene Adams-B $75,400 Woda Construction Inc. single-family residence at 1564 Richmond Road Lot 4 Monarch Greene Buchanan $75,400 Woda Construction Inc. single-family residence at 1586 Richmond Road Lot 1 Monarch Greene Washington-S $75,400 Woda Construction Inc. single-family residence at 1558 Richmond Road Lot 5 Monarch Greene Washington-R $75,400 Woda Construction Inc. single-family residence at 1528 Richmond Road Lot 10 Monarch Greene Lincoln-A $75,400 Woda Construction Inc. single-family residence at 1576 Richmond Road Lot 2 Monarch Greene Buchanan $75,400
BUSINESS LICENSES THE FOLLOWING INFORMATION IS AVAILABLE ON DISK OR VIA E-MAIL. CALL 877-593-4157
NEW VENDORS FAIRFIELD COUNTY
FRANKLIN COUNTY K.R.M. Studios 65 Haddam Place W. Westerville 43081 Sleepless Nights 960 Mount Vernon Ave. Columbus 43203 K.D.B. 165 Easton Town Center Columbus 43219 U Roll N Save LLC 2562 Morse Road Columbus 43231 Tim Horton’s 5975 E. Broad St. Columbus 43213 Danny’s Deli 37 W. Broad St., Suite 50 Columbus 43215 Tim Horton’s 1135 Dublin Road Columbus 43215 Bar Louie 3970 Easton Station Columbus 43219 High Street Furnishings 3165 N. High St. Columbus 43202 Hunters Florist LLC 7384 E. Main St. Reynoldsburg 43068 Convenient Plus 429 Industrial Mile Road Columbus 43228 C.P.R. Cell Phone Repair 1426 N. High St. Columbus 43201 Gwendolyn Z. Photography LLC 6725 Lower Brook Way New Albany 43054 LICKING COUNTY Edward E. Walpole 12419 Wilkins Run Road Newark 43055 Miller’s 771 S. 30th St. Heath 43056 Valentine Poodles 91 Merry Lane Heath 43056 Meadowind 9458 Lynns Road S.W. Pataskala 43062 More Parts to Pick LLC 13141 National Road S.W. Reynoldsburg 43068 Debora D. Salyer 14733 Phillips Lane Utica 43080 Diamond Hill Farm Ltd. 10468 Martinsburg Road Utica 43080 Heath Car Co. LLC 1642 Hebron Road Newark 43056 Thornville Shell 10583 Jacksontown Road Thornville 43076 Barger’s Custom Clocks 11840 Bolen Road N.E. Newark 43055 Ashter Nutrition 14657 Brushy Fork Road S.E. Newark 43056 Upper Cut Salon III 808 Wells Ave. Newark 43055
Paradigm Promotions 12313 Bentwood Farms Drive Pickerington 43147 Lodge in Lancaster LLC 129 E. Main St. Lancaster 43130 PICKAWAY COUNTY Amethyst & Ivy 530 Washington Court Thompson Refrigeration Inc. Lancaster 43130 7500 Stout Road Circleville 43113 Eagle Golf Cars LLC 2438 Blacklick Eastern Road Morgan’s Home and Kitchens Millersport 43046 Unlimited LLC Van Horne Racing Motorsports 810 S. Court St. Circleville 43113 Parts & Accessories/Drag Race Car Part D&K Market and Pizza LLC 16728 Main St. 12455 Saylor Road N.W. Williamsport 43164 Baltimore 43105
Davy Motor Co. LLC 1395 S. Court St. Circleville 43113 All Star Specialty Vehicles LLC 6630 Route 762 Orient 43146 Consignment Market 448 Lancaster Pike Circleville 43113 Harrisburg Ameristop 9109 U.S. 62 Harrisburg 43126 Dad’s Automotive Inc. 109 Pontious Lane Circleville 43113
NEW CORPORATIONS DELAWARE COUNTY Scioto Business Systems Inc. 1940 Warren Road Ostrander 43061 Grace Naturals Inc. 9782 Oxford Circle Powell 43065 FAIRFIELD COUNTY The Painting Co. Inc. 182 Bickel Church Road N.W. Baltimore 43105 FRANKLIN COUNTY Campus Tattoo Inc. 140 N. Main St. Croton 43013 Maruti Foods Inc. 4126 Borge Way Dublin 43016 Moffett Embalming Service Inc. 2976 1/2 N. High St. Columbus 43202 Reliable Collision And Auto Rescue Center Inc. 30 N. Drexel Ave. Bexley 43209 Lexcare Inc. 781 Northwest Blvd., Suite 203 Columbus 43212 Oilbids Inc. 342 Hoskins Way Columbus 43213 Max Blacklisting Co. 454 Inah Ave., No. 3 Columbus 43228 Green Jay Trading Inc. 3713 Preserve Crossing Blvd. Columbus 43230 H & Midland Transportation Inc. 158 Penny Lane S. Gahanna 43230 Dinner Rescue Crew Co. 378 Coldwell Court Gahanna 43230 Gueye & Associates CPA Inc. 4028 Sweet Shadow Ave. Gahanna 43230 Step No. 2 Enterprise Inc. 5395 Sherry Court Columbus 43232 Elite Promotions Inc. 200 E. Campus View Blvd., No. 200 Columbus 43235 North Street Dental Inc.-Sarah E. Conroy DDS 108-F E. Granville Road Worthington 44085 LICKING COUNTY Conquistador Games Inc. 516 W. Broadway Granville 43023 Boat Boys At Sayre Bro Marine Inc. 145 S. 22nd St. Newark 43055 Advanced Business Communications Inc. 65 Dayton Road, Suite A Newark 43055
THE CENTRAL OHIO BUSINESS AUTHORITY
Publisher: Don DePerro | firstname.lastname@example.org
| OPINION |
FEBRUARY 25, 2011
Editorial Board: Don DePerro, Publisher; Dominic Cappa, Editor; Doug Buchanan, Managing Editor
Editor: Dominic Cappa | 614-220-5446 | email@example.com Advertising director: Donna Kanoski | 614-220-5416 | firstname.lastname@example.org Marketing director: Melissa Price | 614-220-5436 | email@example.com Business manager: SuEllen Gabel | 614-220-5502 | firstname.lastname@example.org Production manager: Rudy Melchor | 614-220-5478 | email@example.com
| EDITORIAL | | UPS AND DOWNS | Our take on the news. Turnout of PROTESTORS at Capitol Square in collective bargaining ruckus pales compared with thousands showing up for similar fight in Madison. First football, then hoops. Outdone again by Wisconsin.
What’s the PRICE OF REVOLUTION in the Middle East? A gallon of gasoline at $3.25 and headed higher a hemisphere away. What was that about energy policy?
QUOTE OF THE WEEK: “I don’t on n’t know what I would do if I was w s in office or retail development. meent..” – Dublin developer Mike kee Balakrishnan on why hee shifted to other real estate atte markets because financing ngg had dried up.
JobsOhio offers a little extra – as should guv Gov. John Kasich made JobsOhio the centerpiece of his campaign for the governor’s office last year, and he has wasted little time getting it into motion. Legislative efficiency is always admired, and Kasich didn’t disappoint, signing the measure 39 days after taking office. Of course, with Republicans controlling the legislature, the new governor was handed what he wanted. The relatively easy passage of House Bill 1, which privatizes the state’s Development Department, marks a first big step in the Kasich administration’s get-tough approach to reviving Ohio’s moribund economy. It may take many months for JobsOhio to produce meaningful results, but the resolve to get the effort started quickly indicates the governor needs it for success on many levels – most notably for the state’s economic competitiveness. Much of the debate over H.B. 1 centered on transparency, the program’s accountability to the public and whether it should be subject to the state’s ethics laws. There’s valid reason for skepticism. Ohio’s reputation for political scandal would make any taxpayer wince when
asked to trust essentially a private organization to do the public’s work with the public’s resources. Especially after more than two years of insight into the private sector’s hand in the economic collapse. Kasich and his development chief, Mark Kvamme, have insisted that cracking open JobsOhio’s operations to constant scrutiny under state open records laws would weaken its ability to forge relationships with companies considering setting up in Ohio or staying put in the state. Lawmakers gave Kasich the benefit of the doubt on that front. And to be fair, there is something to be said for the benefits of stealth when dealing with corporate executives who fear the limelight or who could use the spotlight to play states against each other to get the best deal at taxpayers’ expense. That approach seemingly is OK with Ohioans, too. Unlike the reaction to Kasich’s efforts to end collective bargaining with state workers, H.B. 1 didn’t trigger protests at the Statehouse. Kasich was clear about JobsOhio’s strategy during the gubernatorial race and that didn’t stop them from voting him in.
Indeed, last fall’s election was a referendum on jobs. Ohio’s employment-creation machine was stuck in neutral even before the recession wiped out hundreds of thousands of jobs. The economy’s halting comeback, with job creation lagging, has 49 other states competing fiercely with Ohio for development. It won’t be an easy task repairing the state’s economy, but JobsOhio takes a distinctive approach. The attempt to meet business on its turf can’t help but make Ohio’s corporate climate more appealing and set the state apart from others. With Kasich’s signature on H.B. 1, the next steps will include putting together the nonprofit corporation’s eight directors to join the governor. That’s where Kasich can offer a nod of appreciation for the faith voters – and legislators – have put in him. Ohioans should expect the governor to promise them he won’t tolerate a JobsOhio or its directors testing the bounds of integrity and common sense ethics – even if the law says he doesn’t have to. The economy may be on state residents’ minds, but so is the trustworthiness of their government.
| BUSINESS PULSE | QUESTION OF THE WEEK: Do you think public employees in Ohio, including firefighters and police, should be a allowed llowed to strike? strrikke??
Yes, but not police and firefighters
64% Survey response: 712 Results come from an unscientific poll Business First conducts. This poll was taken Feb. 16-23. Results may not equal 100 percent due to rounding.
NEXT WEEK’S QUESTION: When was the last time you shopped in a bookstore? Register your opinion at columbusbusinessfirst.com
This week’s most-viewed online stories:
park lures quick-service lunch spot • Commons spinning off Dietrich unit to joint venture • Worthington the List: Top-paying occupations • Leading • Rival Indy airport growth plan takes flight
Ohio’s chances for success riding on House Bill 1
ov. John Kasich’s House Bill 1 creates a six-month window to develop a new Ohio economic development strategy that could transform the Buckeye State. Under H.B. 1, the JobsOhio plan will create a private notfor-profit corporation that can administer economic development programs, take equity in private companies and raise private-sector funds – all to promote Ohio. JobsOhio deserves a $100 million budget to administer its mission. JobsOhio should measure success in wealth creation, job retention and expansion. As Kasich understands, an additional measure of success involves reducing Ohio’s cost of doing business with lower taxes and workers’ compensation rates, quality schools and universities, and less regulation. Finally, JobsOhio needs a strategy that prioritizes company retention over attraction, invests in innovation and embraces globalism. Retention and expansion of existing companies produces 80 percent of the jobs. In the 1960s, one in four Americans worked at a Fortune 500 company. By the start of the 21st century, that ratio was one in 14. Companies known as “gazelles,” which employ from 10 to 99 people, are the new American economic
viewpoint DAVID ROBINSON
engine. JobsOhio should help develop the infrastructure, connectivity and market data needed for Ohio’s gazelles to succeed. High-tech jobs also need to be a priority. Regions such as North Carolina’s Research Triangle Park not only produce thousands of jobs but those jobs pay 45 percent higher wages than the national average. Ohio has a strong start on developing an innovation-based economy and needs to continue the Third Frontier Program’s funding of tech companies, training a technology-capable work force and ensuring quality sites are available for company expansion and attraction. Kasich rightly points out that Ohio’s universities must increase their pace of tech-transfer success and assist in the recruitment of major companies. Ohio must embrace globalism. Some 95 percent of the world’s customers are outside of the United States, and Americans working for companies that export earn 15
percent more than the national average. The same small and medium-size companies that Ohio needs to target for growth often make up the vast majority of successful exporters. JobsOhio again needs a proactive approach to support Ohio companies’ exporting of goods and services. States such as Washington have launched export initiatives that provide the needed counseling, data and marketing services for these small and medium-size companies. In addition, JobsOhio should work to increase the level of foreign direct investment in Ohio. Global corporations in the United States pay wages 25 percent higher than the national average. Emerging nations such as Brazil, India and China need to invest in the U.S. – not just benefit from access to our consumers. The next six months are probably the most important Ohio has faced since John Rockefeller and others launched the American Industrial Revolution. JobsOhio’s strategy might just be our last best chance to succeed in the 21st century. DAVID ROBINSON is a former member of the Ohio House of Representatives and is principal of the Montrose Group LLC, a government relations and economic development consulting company in Columbus.
| from the front |
BUSINESS FIRST | columbusbusinessfirst.com
FEBRUARY 25, 2011 |
WAGE: Development pros worry other states using confusion against Ohio FROM PAGE 1 vailing wage question, but the Republican governor has said on several occasions he would like to see prevailing wage rules eliminated on state-funded construction projects. Developers often claim J. Kasich: that paying union-based Ohio governor prevailing wages drives up labor costs by as much as 20 percent. But prevailing wage proponents, especially trade unions, dispute those claims and say the law prevents undercutting of local employee wages on large public construction projects.
CONSIDERING OHIO Confusion over how the law is applied JACK KUSTRON | FOR BUSINESS FIRST on private-sector projects in Ohio dates Ohio Gov. John Kasich is already sparring with union supporters – who back prevailing wage requirements – just two months into his term. to September 2008, when the Strickland administration exprevailing wage, he said, but not “They get a $50,000 grant,” he UNCERTAINTY BEGETS INACTIVITY S panded the law’s reach. Gov. Ted C the rest. said, “but it costs $100,000 (in Strickland’s position was prevailThere remains confusion over Strayer said despite the court added construction expenses). ing wages had to be paid on any decision, word still has not gotten how Ohio applies its prevailing They say, ‘What kind of benefit is project involving both public and out that Ohio’s prevailing wage wage law even in light of the 2009 that?’ ” private funding rather than just policy is back to where it was for ruling, said Squire Sanders & In general, companies look at publicly financed projects. private-sector projects before the Dempsey LLP attorney Vincent transportation issues such as But the administration backed Strickland administration tried Atriano, who successfully argued highway access, labor costs and off after the Ohio Supreme Court the landmark case for the Ottawa availability of skilled workers beto expand it. ruled in June 2009 that prevailing C. Strayer: V. Atriano: “(An executive order) would be County Improvement Corp. fore economic development inwage applies only when public Canal Winchester “It’s not totally surprising. Squire Sanders a stamp – something we can take centives, Klinger said. money is spent on a public imto national site selectors that There still are unclarities in the “The grants are icing on the provement by a public authority. After says we’re not changing our mind and this law,” he said. “Our case didn’t cover every- cake,” he said. thing, but it did answer the basics.” that, the Strickland administration re- is the way it’s going to be,” he said. Klinger said hopes the Kasich adminisThe confusion extends to economic de- tration will clear up the confusion on prevised its application of the law to comply Strayer said Canal Winchester hasn’t with the court ruling. lost private-sector expansion projects be- velopment incentives such as the state’s vailing wage once and for all. “The Ohio Supreme Court has provided cause of prevailing wage, but he wonders Rapid Outreach grants, said Licking “I’m not against people making a good clear direction on the application of pre- about business opportunities the village County Economic Development Director wage,” he said, “but what it does is put us vailing wage,” said Dennis Ginty, spokes- and other Ohio communities may never Rob Klinger. He said he has seen five com- in a position in which companies are havpanies pass on the grants, which help pay ing to raise the amount they have to pay man for the Ohio Department of Com- have had a shot at landing. “There were projects we may never for improvements such as roads and water for an (expansion) project. ... It doesn’t merce, which enforces prevailing wage have seen,” he said, “because site selec- and sewer lines, because they believed the make economic sense.” rules. The portion of a construction project tors would have dropped (Ohio) off their public funding would trigger the prevailthat receives public money is subject to lists.” ing wage rules on their projects. 614-220-5456 | firstname.lastname@example.org
COOPER: Community groups split on merits, drawbacks of Arshot’s plan FROM PAGE 3 mail to Columbus Business First that the racetrack is “integral” to the mixed-use development and the company would not pursue other plans if its redevelopment proposal is rejected. The company, led by Columbus developer Bill Schottenstein, has had an option to buy the property from the county since May 2008. Given the terms of that agreement and Arshot’s promise to mitigate noise from racing events, county officials did not think they needed a backup redevelopment plan for the stadium site, said Commissioner Marilyn Brown. While calling Coleman’s position on Cooper Park “disappointing,” she said the commissioners plan to see the project through the zoning process at City Hall. “We still believe this is viable,” Brown said. “It’s an exciting opportunity to create jobs and do research on automotive issues.”
COMMUNITY GROUPS SPLIT A community group appointed by the county did a study in 2005 on redeveloping Cooper Stadium after the commissioners decided to build a replacement ballpark in the Arena District. The study found the best uses for the property were motor sales and office and industrial development. Reuse ideas floated over the years have included a motorcycle sales and racing complex, an extension of West Edge
315 High St.
F R A N K L I N T O N
B R E W E R Y D I S T R I C T
Whittier Peninsula e
Green Lawn Cemetery S O U T H W E S T
A R E A
Business Park to the stadium site, a soccer academy, automotive mall, park land, even a vertical farm venture backed by businesswoman Mary Rhinehart, who operates the Abaco Rehabilitation and Nursing Facility next to Cooper Stadium. Dubbed a “sky garden,” the farm would grow produce and raise fish inside a multistory building. Rhinehart, a vocal critic of Arshot’s plan because of the noise questions, said her vertical farm project remains in play. She said she is leaning toward an undisclosed site in downtown instead of Cooper Stadium because of county commissioners’ unwillingness to accept a backup bid on the stadium property.
“If (the approval process) draws out, I can’t keep waiting for that site,” Rhinehart said. Another opponent of Arshot’s plan, Franklinton Area Commission Chairwoman Carol Stewart, said she has heard no new ideas for redeveloping the Coop. She said commission members like the automotive research component of Arshot’s plan but oppose the overall proposal because they think racetrack noise couldn’t be contained. “The hang-up is the noise,” she said. “The other ideas sound good.” The whole plan works for the Southwest Area Commission, which represents neighborhoods near Cooper Stadium, Stefanie Coe, commission secretary, wrote in an e-mail to Business First. The commission unanimously agreed in December to support Arshot’s rezoning request after more than three years of studying the potential effects of the plan, including noise. “We don’t understand why the mayor believes our community’s opinion is less important than that of Franklinton,” Coe said. “Although we respect the vote taken by the Franklinton Area Commission, we believe it does not represent the opinions of the majority of residents.”
TOO SOON TO BAIL Also in favor of Arshot’s plan is the Franklinton Board of Trade, a business association. Schottenstein has said Arshot
would invest $30 million to $40 million in Cooper Park, create 300 jobs and give hiring preference to southwest and Franklinton residents. “We feel the economic potential is something we can’t pass up, but we do understand the neighborhood’s concerns,” said Board of Trade Executive Director Trent Smith. “You can understand why both sides are for or against it. That’s what make the situation so difficult.” Smith said it is unlikely another developer would step forward at Cooper Stadium unless Arshot withdraws its plan or council defeats it. The Board of Trade would be “willing and eager” to help develop a new plan if needed, he said. City Council President Andrew Ginther said in a statement that council will hear from all sides on the Cooper Stadium debate and follow the process for considering rezoning applications. He called Cooper Park an “exciting proposal that has the potential to bring jobs, economic development and educational opportunities to Columbus,” and he encouraged Arshot and neighborhood leaders to find a solution to the dispute. Council spokesman John Ivanic said council is “nowhere close to a Plan B ( for Cooper Stadium) because we are nowhere close to ending this process.” 614-220-5456 | email@example.com
| from the front |
| FEBRUARY 25, 2011
Get what you pay for? 2007
Ohio State University has doubled what it spends on executive positions in three years under President Gordon Gee. The salaries of most university cabinet members put them in the 75th percentile among similar jobs at 58 large public and private universities to which Ohio State compares itself: President: Karen Holbrook
President: Gordon Gee
Executive vice president and provost: Barbara Snyder
Executive vice president and provost: Joseph Alutto
Senior vice president/ executive dean, health sciences: Dr. Fred Sanfilippo
Senior vice president, health sciences: Dr. Steven Gabbe
$723,204 Vice president, development: James Schroeder
Senior vice president, development: Andrew Sorensen
Senior vice president, business and finance: William Shkurti
Senior vice president and CFO: Geoff Chatas
$637,500 Senior vice president, planning and special assistant to president: Jeff Kaplan
$448,800 Vice president and general counsel: Christopher Culley
Senior vice president and general counsel: Christopher Culley
Senior vice president, government affairs: Curt Steiner
Counselor and lobbyist: Herb Asher
Senior vice president, communications: Tom Katzenmeyer
$342,720 Senior vice president, outreach and engagement: Joyce Beatty
$326,400 Athletics director: Gene Smith
Associate vice president and athletics director: Gene Smith
Senior exec. director, James Cancer Hospital Dr. David Schuller
$408,000 Director, Comprehensive Cancer Center: Dr. Michael Caligiuri
CEO, James and director, Comprehensive Cancer Center: Dr. Michael Caligiuri
Associate vice president, human resources: Larry Lewellen
Vice president, human resources: Vacant**
$191,757 CEO, OSU Alumni Association: Archie Griffin
Senior vice president and CEO, Alumni Assoc.: Archie Griffin
$352,802 Number: 11 Average salary:
OTHER TOP EXECUTIVES***
OSU: Savings made to pay for salaries 2011
FROM PAGE 1 ysis of Ohio State’s salary database from this year and early 2007, the last under former OSU President Karen Holbrook, shows the average pay of executives who report directly to the president has increased 39 percent over four years, while the average for other top vice president positions has risen 29 percent. Meanwhile, a five-year campaign to increase faculty pay also has resulted in cumulative raises of 25 percent. The salary escalation came about during one of the worst recessions in U.S. history, a downturn that has the state’s new Republican governor and Ohio legislators planning massive cuts in state spending. OSU officials will have to defend the school’s subsidy to state leaders who control 22 percent of its budget, excluding the Ohio State University Medical Center, and that thus far have shown a willingness to go after public employee compensation to combat looming deficits. Gee stands ready. He said his biggest mistake during his first term as OSU president the 1990s was not inEconomic vesting in the best talent – and that if counselor: Alex Fischer anything the university is still some$0 what thin on top. “I want to be judged the same way that people judge folks in the private sector, and that is on the basis of performance,” he said. “If we’re performing at the level that we should, then we’re a great investment. If not, then we make changes and get rid of me. So I make no excuses about it. In fact, I’m very proud of the people that we’ve attracted and the quality of what they’re doing.”
‘WAR FOR TALENT’ While Gee is the highest-paid public university president in the nation, Larry Lewellen, OSU’s vice president for human resources, said that for other jobs the university targets the 75th percentile of pay for similar posts at 58 public and private research institutions to which it compares itself. In the wider universe of doctoral-granting institutions, median chief executive pay is $385,000, about what a senior vice president gets at Ohio State, according to an annual pay survey released Feb. 21 by the College and University Professional Association for Human Resources. Lewellen and Gee said it’s unfair to compare Ohio State, a $4.7 billion organization, to the survey’s broader membership. Gee also said many of his hires took pay cuts to come to Ohio State. CFO Geoff Chatas was a fund manager at JP Morgan Asset Management, and development chief Andrew Sorensen was a two-time university president. “We have to do a lot of selling to get talent to come,” Gee said. Marty Katz, managing director in the San Francisco office of Frederic W. Cook and Company Inc. who worked with OSU’s board on setting compensation targets, said top universities are engaged in a “war for talent.” Ohio State’s compensation levels are, he said, “entirely appropriate” for its size and complexity. “The more things that can go wrong, the more important it is to have very, very strong leadership,” Katz said. Ohio State trustees singled out Gee’s recruiting for praise when giving him a glowing evalu-
$513,666 Number: 20# Average salary:
$342,000 TOTAL SPENDING ON EXECUTIVES
columbusbusinessfirst.com | BUSINESS FIRST
* Archie Griffin was paid by the OSU Alumni Association until 2010 so he is not included in the 2007 average salary calculation. The association is now part of the school. ** Larry Lewellen was promoted in February to the newly created post of vice president of care coordination. OSU is searching for a new vice president of human resources. *** Vice presidents, senior associate VPs and chief information officer. # Includes Lewellen’s new job and a vacant position of vice president of technology commercialization, which was excluded from the salary calculations. Source: Ohio State University
ation and pay raise in December. Several times over the past year, trustees have approved new vice president and associate vice president positions for energy, real estate planning, advancement and other areas. “We’re looking right now at another highprofile hire who will be expensive,” Gee said, referring to the next leader of the school’s technology licensing and commercialization efforts. Gee has elevated the post to vice president from associate vice president, and said the recruit must be best-in-class because spinning research into businesses creates jobs.
MEASURING ROI Gee said the investment return on the new leadership is quantifiable. The number and quality of student applicants has grown, he said, the medical center is maintaining high margins as it embarks on a $1.1 billion expansion and, as the endowment recovers from recession shrinkage, the university last year had among the highest investment returns, at 15.5 percent, of any nonprofit in the country. Gee said he was stopped from hiring a chief investment officer the first time he was president, but Jonathan Hook, hired to that post in 2008, has paid for himself many times over. Meanwhile, former state Rep. Joyce Beatty, who more than quadrupled her legislative salary when hired to a new OSU cabinet position for outreach and engagement, landed a $3 million state grant under which the Ohio State Fisher College of Business will train some 250 principals from struggling public schools in business management. “These guys are bureaucracy-busters too,” Gee said, noting they are doing away with cumbersome regulations and processes to identify savings. Lewellen said the $6.6 million in added annual expense for executive salaries does not come directly from student tuition or state support, but out of $94 million in savings the university wrung from expenses in 2009. Purchasing collectives, energy-saving initiatives and medical savings are ongoing, he said, with last year’s savings at $93 million. “Much more of that has gone to benefit students,” he said. The university “turned on a dime” to stay affordable during the recession, Gee said. While tuition increased 6.7 percent for the current academic year and another hike is likely this fall, that followed an unprecedented threeyear tuition freeze. Meanwhile, the school has met a $100 million fundraising goal for scholarships, to which vice presidents donated raises and bonuses in 2009. Lewellen is filling another of the newly created executive slots – he’ll move to OSU Medical Center in March to head efforts at care coordination under federal reform, and Gee is seeking a personnel chief. CRITICS ON THE RIGHT Higher education pay is a long-standing target for conservative think tanks, which could have the ear of Gov. John Kasich. “Government, no matter what the stripe, has got to live with the ‘new normal,’ which is an economy with far fewer private-sector jobs to support high expenses,” said Matt Mayer, president of the Columbus-based Buckeye Institute for Public Policy Solutions. Richard Vedder, an economics professor at Ohio University in Athens and a research fellow at the conservative American Enterprise Institute, said in an e-mail to Columbus Business First that executive pay has been on the rise at universities nationally. “I have found the correlation between state government spending on universities and economic growth to be somewhere between nothing and negative,” he said. Rep. Randy Gardner, R-Bowling Green, SEE ROI, PAGE 35
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FEBRUARY 25, 2011 |
ROI: Economic engine
BIG: Company says changes are still coming
FROM PAGE 34 chairman of the higher education subcommittee in the Ohio House, said it wouldn’t be fair to question pay practices before budget hearings begin this spring. “Ohio State is critically important to the economic future of Ohio,” he said. It is worth questioning, though, if a university should be a state’s economic engine, said Jay Greene, chairman of the Department of Education Reform at the University of Arkansas. Greene led a study on what he called “administrative bloat” in higher education last summer for the conservative Goldwater Institute in Arizona. Using U.S. Department of Education data, he found that the growth of non-clerical administrative staff exceeded the growth of instructional staff nationwide. At Ohio State, the study said, there are about six instructors and researchers per 100 students, below the national average of seven, while there are 13 administrators, above the national average of nine. “It’s a for-profit business masquerading as a nonprofit,” he said. “Operating all kinds of businesses and running the economy are things that businesses do, not universities.” Gee categorically rejects that view. He has said repeatedly that the school’s land grant mission extends beyond teaching and research. “I want to be the best Ohio State we can be, and be the economic and cultural and social engine for this state,” he said. “I’ve got one shot at this. I hold myself accountable for that. I hold everyone else here very accountable. If they don’t perform, they don’t stay or they don’t get paid.”
FROM PAGE 3 gain,” Natalie Berg, global research director of Planet Retail, said in an e-mail to Columbus Business First. The bargain now may be Big Lots, which reported sales in the year ended Feb. 3 increased 5 percent to $4.9 billion from 2009. It posted a record $200.4 million profit in fiscal 2009, with results for last year expected to be released March 3. That performance reportedly has attracted the interest of private equity investors Thomas H. Lee Partners LP and Bain Capital LLC. Executives have declined to comment on the buyout speculation, but Big Lots is working with Goldman Sachs Group Inc. to explore strategic options for the company.
614-220-5458 | firstname.lastname@example.org
UP WITH PEOPLE Spending on payroll at a sampling of OSU administrative departments is up 40 percent in President Gordon Gee’s term. University leaders maintain that such growth in personnel and salaries was needed in several areas because of changes at the school, such as Gee hosting more events, the launch of a $2.5 billion fundraising campaign, and the school getting larger. 2007
12 $85,000 $152,000
17 $109,000 $260,000
42% 29% 72%
60 $70,000 $193,000
61 $85,000 $305,000
2% 22% 58%
1,329 $55,000 $520,000
1,669 $62,000 $674,000
26% 14% 30%
164 $66,000 $227,000
199 $71,000 $261,000
21% 8% 15%
13 $108,000 $190,000
19 $101,000 $208,000
46% -7% 9%
40 $76,000 $172,000
-5% 10% 7%
Office of the president Number Average Average 5 highest paid
Provost’s office Number Average Average 5 highest paid
Hospital administration* Number Average Average 5 highest paid
Fundraising administration Number Average Average 5 highest paid
Research administration Number Average Average 5 highest paid
Public relations and marketing** Number Average Average 5 highest paid
42 $69,000 $160,000
Total these departments
Note: Full-time positions * Includes four departments in OSU Medical Center ** Includes four OSU communications departments Source: Ohio State University
More OSU salaries in our searchable database.
LOTS OF STORES Big Lots is in the middle of the pack among discounters in store count, but its stores often are two or three times larger than those run by its competitors: Dollar General Family Dollar Dollar Tree Big Lots Tuesday Morning Fred’s 99 Cents Only
9,273 6,800 4,000 1,398 800 677 281
BIG RETURNS Discounting and closeouts are multibillion-dollar businesses in the retail trade. Sales: Dollar General Family Dollar Dollar Tree Big Lots Fred’s 99 Cents Only Tuesday Morning
$11.79B $7.87B $5.23B
Fishman arrived with turn$4.67B around credentials from Frank’s $1.79B Nursery & Crafts, Rhodes Furni$1.31B ture and general merchandise retailer Pamida among the chains he $828.3M headed through tough times. His run at Big Lots has done nothing to Profit: tarnish that reputation. The comFamily Dollar $358.1M pany’s operating profit rocketed Dollar General $339.4M from $27 million in 2005 to $316 Dollar Tree $320.5M million in 2009, and expenses as a Big Lots $200.4M percentage of sales fell to 33.9 per99 Cents Only $60.4M cent from 38.5 percent. Fred’s $23.5M A multiyear turnaround plan Tuesday Morning $10.7M fashioned by Fishman and his top executives started with cutting Notes: Results are for 2009, the latest annual information available, except for Family Dollar, 5 percent of the company’s work 99 Cents Only and Tuesday Morning, which have reported results for 2010. Source: Company reports force and shutting 174 struggling stores, including all of Big Lots’ furniture stores. The plan also called for better efficiency in payroll, distribution, consistent sales and profit, and has about organic expansion and more transportation and other opera- a solid balance sheet. The situation about driving productivity of existis similar to that of competitor Dol- ing stores,” she said. tions. Meanwhile, the store network lar General Corp., which was taken Analyst Meredith Adler of Barunderwent a makeover, including private in 2007. clays Capital Inc. wrote in a Jan. 26 “(Private equity) ownership report that the overall small-store closing underperforming stores would enable Big Lots discounter sector saw stock values and opening others in to focus on long-term soar 49 percent last year, much bethigher-visibility locagains rather than driv- ter than the Standard & Poor’s 500 tions where leasing ing short-term value Index’s rise of nearly 13 percent. rates had plummeted for shareholders,” the Within the group Big Lots lagged, because of the retail analyst Berg said. increasing 5 percent, while five slowdown. “They are already see- competitors experienced jumps The combination of ing the benefits of a of between 22 percent and 79 perlandlords willing to streamlined operation, cent. offer concessions to Business: Closeout retailer but they could benefit keep Big Lots in their Based: Columbus Adler said increased food and from a more focused grocery sales drove results for buildings and an ar- CEO: Steve Fishman offering in stores.” ray of storefronts be- Employees: 35,600 many competitors, which is an Planet Retail proj- area where Big Lots struggled last coming available as Area employees: 1,650 other retailers closed 2009 revenue: $4.73 billion ects spending in the year. By most accounts, Big Lots is have driven two years 2009 profit: $200.4 million discount retail seg- finding success across many areas ment, including close- – furniture, electronics, seasonal of expansion at the 52-week high: $42.27 out and dollar stores merchandise – but consumables, chain, which followed 52-week low: $27.82 and discount grocers, which makes up an estimated third five straight years of Feb. 22 close: $41.01 to grow to $66.4 billion of store sales and represents the contraction. The com- Market/ticker: NYSE:BIG by 2015. pany closed or moved Web site: biglots.com largest segment for Big Lots, were 374 stores since 2005 off in 2010. Sales in the grocery THE CHALLENGES and has grown to 1,398 segment were down through third stores. Going private wouldn’t be with- quarter while the consumable opBig Lots’ appeal is clear to many out its challenges, despite how erations at discount competitors who follow the company. Charles far Big Lots has come since 2005. were increasing. Grom, an analyst with JP Morgan Though Big Lots is improving its “Looking ahead, competition Securities LLC, in a Feb. 8 report stores and getting higher-profile in this segment is heating up with said Big Lots has little to no debt locations, its average stores – at drugstores, dollar stores and even and strong cash flow, and has some around 30,000 square feet – are mass merchants like Target aggresroom for improvement in its store much bigger than many dollar store sively expanding their food offerbase. and discount grocer rivals, which ing,” Berg said. Analyst Dan Wewer of Raymond tend to be about 9,000 square feet, But this is where private equity James & Associates Inc., in a Feb. 7 Grom said. can help, Grom said, because going report said the company is a worAlso, Big Lots owns just 4 per- private would allow the company thy acquisition target for either cent of its stores. Because of that, to address the declining market a strategic or financial buyer be- Berg said, store growth potential share it is facing in food. cause it sports the cheapest valu- remains constrained. ation among retailers, produces “Growth for Big Lots will be less 614-220-5462 | email@example.com
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| AUTO |
| PERSONAL |
New car, fixed-rate, 48-month
Home equity loan, up to $20,000, fixed rate
Education First Credit Union Delaware County Bank Bremen Banking Center Arlington Bank First Bexley Bank
3.64 4.40 4.49 6.75 6.99
Delaware County Bank Arlington Bank First Bexley Bank
5.75 6.25 7.99
| CD | Six months
First Bexley Bank Columbus First Bank Bremen Banking Center Education First Credit Union Arlington Bank Delaware County Bank
1.00 0.90 0.75 0.55 0.50 0.25
Columbus First Bank Bremen Banking Center First Bexley Bank Arlington Bank Education First Credit Union Delaware County Bank
1.15 1.10 1.00 0.75 0.70 0.40
| MORTGAGE | $200,000, 10% down, no points 30-year fixed
Arlington Bank First Bexley Bank Third Federal Bremen Banking Center Education First Credit Union
4.875 4.875 4.950˚ 5.000 5.250
Arlington Bank Bremen Banking Center First Bexley Bank Third Federal Education First Credit Union
4.250 4.250 4.250 4.250˚ 4.500
30-year jumbo (over $417,000)
Third Federal First Bexley Bank Arlington Bank
3.600˚ 3.625 3.750
First Bexley Bank
FEBRUARY 25, 2011
Notes: § Special/promotional rates; ≠ Annual percentage yields; ¶ Variable; ˚ Required amounts or terms vary
Public retirement fund has been shielded from political tampering Dear Mr. Berko: I will soon have a civil service job. I don’t understand the Thrift Savings Plan, which is like a 401(k). I understand the matching contributions, etc., but I do not understand the investments. I can’t even tell how the funds performed in the past, who does the investing, and I can’t even find the fund’s symbols. Is this a good plan compared with other mutual funds? – R.E., Cincinnati Dear R.E.: The six individual Thrift Savings plans are coordinated by 80 honest employees of the Federal Retirement Thrift Investment Board. And four of the six funds within your plan are managed by BlackRock Institutional Trust, a highly regarded manager based in Wilmington, Del. Suffice it to say, your plan is one of the few government agencies whose success should be vigorously applauded. Chairman Andrew Saul, who makes certain this $220 billion plan with 3.8 million participants runs smoothly, has remained aloof to congressional influence and tampering. As a result, Congress hasn’t been able to pimp these funds (as it does with Social Security) to support its cash-short projects. Over the years, some politicians have lusted for those untouched billions, but Saul and his predecessors have remained steadfastly impervious to the entreaties of some of the powerful members of Congress. Meanwhile, BlackRock Institutional Trust has done yeoman’s work managing this money, doing a tad better over the one-, three-, five- and 10-year benchmarks used by Wall Street as a standard of performance. Though BlackRock runs the portfolios of F, C, S and I funds, those securities are held in a trust (unlike the Social Security Trust) and can’t be used by BlackRock to meet any of its obligations. The F Fund owns government, corporate and mortgage-backed bonds, and its performance is a few basis points better than the Barclays Capital U.S. Aggregate Bond Index. It has very low to moderate risk and a 10-year average annual return of 6.39 percent. The C Fund has moderate risks and
on stocks MALCOLM BERKO
holds stocks of large and midsize U.S. companies. Its performance tends to match the Standard & Poor’s 500 averages. Its 10-year average annual return of minus-0.94 percent is a better return than 93 percent of all U.S. equity mutual funds. The S Fund has a portfolio of small and midsize U.S. companies, and its performance is just two basis points under the performance of the Dow U.S. TSM Index, which includes almost every U.S. stock except those of the S&P 500. It has high to moderate risks. Finally, the I Fund owns foreign securities from 21 developed nations. Its performance is a smidgen better than the Morgan Stanley EAFE Index and carries moderate to high risks. The G fund is managed by the Federal Retirement Thrift Investment Board and is comprised of non-marketable U.S. Treasury securities with short- to mediumlength maturities. It is guaranteed by the government and cannot lose money. The L Fund portfolio owns the G, F, C, S and I funds. The five portfolios in this fund provide market diversification, and the allocations tend to reduce risks. Now, the reason you cannot find these funds is that they are not available to the public. They are regulated by the Comptroller of the Currency, not the Securities and Exchange Commission (thank goodness) and don’t bear ticker symbols. If you participate in the plan, however, you will be given an ID number with which you can access fund performance and current values. It’s too bad that state, municipal and corporate plans are not run with the same care and diligence.
MALCOLM BERKO is an investment specialist. Address questions to him at P.O. Box 8303, Largo, Fla. 33775. firstname.lastname@example.org
| INSIDER TRADING | A record of stock trades by insiders at corporations based in Central Ohio or companies that have significant operations in the region.
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NAME ACTION TITLE, COMPANY Robert Schottenstein Sold Chairman & CEO, M/I Homes Inc. Hagedorn Partnerships LP Sold Major shareholder, Scotts Miracle-Gro Co. Courtney Haning Sold Director, Rocky Brands Inc.
$13.35 to $14.34 $52.18
Feb. 14 19,656,965
Source: Vickers Stock Research
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