Nepperhan’s second act
What’s old is new again in the heart of Yonkers
BY BILL FALLON

A towing and body-shop business and the Industrial Revolution could well be gold medalists in the category: strange bedfellows. For Michael Rotanelli, they’ve been a perfect fit since 1981

Rotanelli’s bustling shop occupies an acre of historic real estate

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The 470 story

“In 1997 very little was happening here,” says Ed Sheeran. “This was not the garden spot of Yonkers. Four-seventy was surrounded by fences and scaffolds, not because of construction, but because of falling debris.”

Manhattan exodus withers under scrutiny
BY JOHN GOLDEN

Manhattan’s tight commercial real estate market grew even tighter by this year’s midpoint. Already-low vacancy rates continued to drop and already-high office rents continued to rise.

The $40 million head-on
Body shop vs. Progressive
By BRYAN F. YURCAN

When an insurance company tells you after an accident which body shop to go to, you might not think twice about it.

Room, for buyers, at the inn: Marriott sold
More renovations planned, buyer says
BY JOHN GOLDEN

Seeing a “dynamic” high-end market in Westchester County, a bicoastal hotel group has teamed with an institutional private equity firm to buy the 444-room Westchester Marriott Hotel in Tarrytown from Morgan Stanley.

Alan Pottasch, PepsiCo ad giant, dead at 79

Alan M. Pottasch, whose enduring “Pepsi Generation” ad campaign energized PepsiCo marketing for five decades, died July 27 in Los Angeles where he was working on a television commercial. He was 79.

Lease Briefs
BY JOHN GOLDEN

WHITE PLAINS

A new CVS/pharmacy store will open this fall in a business block being renovated on Mamaroneck Ave in downtown White Plains.

RYE BROOK

CBLPath Inc. has expanded its office space at 760 Westchester Ave. in Rye Brook to accommodate its growing anatomic pathology diagnostic testing services business.

Publisher, author square off over distribution dispute
By BOB ROZYCKI

Simon & Schuster is looking to bury Treasure Trove Inc. by forcing the Connecticut publishing company into involuntary bankruptcy to extract $2 million concerning a distribution dispute.

Report gauges economic winds; seeks change
By LYNN WOODS

A new report by management consultancy A.T. Kearney, commissioned by Empire State Development (ESD), takes an in-depth look at why New York state’s economic development has been lackluster compared with other competing states, suggests strategies for future action and recommends a number of reforms.

Universal American says suit is meritless
By BRYAN F. YURCAN

Universal American Financial Corp. responded to a class-action complaint against some of its directors, calling the lawsuit, “without merit” in a written response.

The art of the deal
Few toss stones at Cappelli’s glass house
BY JOHN GOLDEN

Developer Louis R. Cappelli, no stranger to public controversy, last week described his company’s latest building project in downtown White Plains as “controversial.” As controversial as contemporary art, that is.

Earnings Reports

Several corporations with headquarters in Westchester recently released their midyear and second-quarter earnings reports.

Atlas Air Worldwide Holdings Inc. (AAWW), a Harrison-based provider of global air cargo services, reported sharply higher earnings for the second quarter compared with the same period in 2006.

Time to move
County IDA helps Larchmont firm hop to Purchase, not Dallas
By BRYAN F. YURCAN

Since its founding in 1986 in Larchmont, the employee-management firm TimeLink has grown steadily to the point it now has 100 employees between its offices in Westchester and in Germany.

Putnam company indicted in ‘Big Dig’ fatality case
By BRYAN F. YURCAN

The Putnam County company that provided the epoxy blamed in the fatal “Big Dig” tunnel collapse in Boston was indicted last week in the death of a motorist crushed by ceiling panels.

Number crunchers join forces
By BRYAN F. YURCAN

Marks Paneth & Shron L.L.P. (MP&S) of Manhattan, the 28th-largest accounting firm in the United States and 15th largest in the tri-state area, has announced that Platt, Barth, Elson & Steinman P.C., a Tarrytown-based firm, has merged into MP&S. The merged firm will operate under the name of Marks Paneth & Shron.