Buffalo Business News

November 22, 2016 - 12:48 am
Delaware North has expanded its lodging and retail portfolio by acquiring a pair of operations near Rocky Mountain National Park. Business First reports the two properties are the Rocky Mountain Park Inn and Trendz at the Park properties, both of which are near the Beaver Meadows Entrance Station...
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November 21, 2016 - 12:57 am
The current Buffalo average for a gallon of unleaded gas is $2.34. According to the AAA, that's four cents higher than the cost one year ago. Direct flights between Buffalo and Albany could be returning. Business First reports that the Buffalo Niagara Partnership and NFTA are jointly surveying the...
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November 18, 2016 - 12:21 am
The Erie County Water Authority's Board of Commissioners has approved a revised rate structure for their customers set to go into effect January 1st. The new simplified rate structure categorizes customers based on their water meter size. Also - the Authority’s capital budget will increase by $4...
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November 17, 2016 - 12:39 am
Carrols Corp., the Syracuse-based owners of several local Burger King outlets, is planning to rebuild one of its oldest Buffalo restaurants. Business First reports the site on Main Street at West Utica will be demolished and rebuilt. Reviews for the project begin next month. MGS Manufacturing Group...
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November 16, 2016 - 12:34 am
Fitch Ratings has upgraded the City of Buffalo's bond rating to "AA-." That's the highest rating the city has received from the agency Bank on Buffalo opened its office in The Electric Tower lobby yesterday. Erie County Medical Center Corporation today announced it has earned The Joint Commission’s...
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November 14, 2016 - 3:27 am
The national average of a price of a gallon of gasoline is slowly dropping with the re-start of that ruptured pipeline near Alabama. Nationwide, the price is now $2.16/gallon . In Buffalo and Niagara Falls, it is $2.34 according to the AAA. Developer Gerry Bucheit tells Business First that he is...
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November 09, 2016 - 1:04 am
The Buffalo Planning Board has set a December 5th public hearing on Chason Affinity’s proposed five-story, 57 unit townhouse complex, set for 1111 Elmwood Avenue. Business First reports public comments will be accepted by the board through December 19th. The project will run from Forest Avenue...
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November 08, 2016 - 12:22 am
According to Business First, Developer/architect Jake Schneider has purchased the Shea’s Seneca Theatre. Schneider intends a $9 million makeover that will see the building anchored by 25 market-rate apartments, a 130-seat theater and classroom space. M&T Bank will be adding two standalone ATM...
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November 07, 2016 - 12:29 am
The average cost for a gallon of unleaded gas in Western New York is $2.35, up 2 cents from a week ago. According to the AAA, the state wide average is also up 2 cents - to $2.40 per gallon. Darien Lake is under new ownership. CNL Lifestyle Properties has entered into a purchase and sale agreement...
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courtesy: bizjournals.com
November 04, 2016 - 1:04 am
The Boulevard Mall has been placed in the portfolio of LNR Partners, a special servicer who handles troubled real estate loans. Business First reports the mall’s mortgage was transferred from Wells Fargo to LNR Partners as a prelude to a $92 million balloon payment due in February. The transfer was...
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