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Buffalo Business Report - Thursday, August 7th 2014

Bankrate-dot-com notes mortgage closing costs rose six percent over the past year and now average $2,539 on a $200,000 loan.  New York State had the third highest closing cost in the nation at $2,892 - nearly $400 more than the average.  Texas and Alaska rank #1 and #2.

Marco’s Italian Deli is leasing 800-square-feet in the UB Commons.  The new site is the second for Marco’s in recent months. Business First reports the sandwich shop will be opening a downtown location later this summer in the Genesee Gateway building.

Timex, AT&T and Qualcomm have announced their smart watch, the TIMEX IRONMAN, will be available for purchase this fall.  The device will be priced at $399.95, with the first year of AT&T 3G data service free.  This is the first smart watch with its own connection to the wireless network.

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