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Buffalo Business Report - Tuesday, February 12th 2013



According to Business First, Wheatfield developer Calamar has sold part of its ownership interest in a pair of Niagara County senior living complexes.  Calamar has sold 75% of its interests in the Woodlands Senior Village and Forestview Senior Village complexes to Care Investment Trust of New York City.  The price paid for that 75% was reportedly $23.3 million.  With its 25% stake, Calamar will still manage the facilities.

The Jewish Heritage Day School on Audubon Parkway is working with the Amherst Town Planning Board on an expansion plan.  The project would add 57-hundred square feet to the existing 8,000 square foot facility.  It's expected to be brought to the board on February 21st.

The state Department of Financial Services has released a report on small business loans.  55% of those loans were made by smaller community banks.  The seven Western New York community banks have seen total loans decline by 80% since 1992.

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Topics : Business_Finance
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Locations : Buffalo, New York, New York City, Niagara County, Western New York
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