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Buffalo Business News

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Buffalo Business Report - Friday, August 28th 2015

Greatbatch Inc. will acquire Lake Region Medical for approximately $1.73 billion in cash and stock.  Greatbatch reportedly pay $478 million in cash as part of that deal.  Once the transaction has closed, the combined company will employ over 9,000 individuals globally with revenues of approximately $1.5 billion.

Kinex Pharmaceuticals is seriously considering an initial

Buffalo Business Report - Thursday, August 27th 2015

Both major sports franchises in Buffalo are hot ticket items.  The Sabres have capped season ticket sales for the coming season at 16,000.  It's the 10th consecutive year with more than a 90% renewal rate.  Just last week, the Buffalo Bills went over the 60,000 season tickets mark for the first time ever.
In the midst of this week's market mayhem, Elon Musk was busy buying

Buffalo Business Report - Wednesday, August 26th 2015

NYS' Labor department reports the July unemployment rate for the Buffalo-Niagara region fell to 5.8% - the lowest rate since 2008. Year-to-year, the unemployment rate went down .6%.

The former Millard Fillmore Gates Circle Hospital complex is on life support. Business First reports the implosion of that facility should come in the next few weeks.  Already, TM Montante Development has

Buffalo Business Report - Tuesday, August 25th 2015

Another day brings another soft-opening for a major hotel project.  The 138-room Hyatt Place Hotel on Main Street in Snyder officially welcomes its first guests today.  Business First reports the hotel is part of a $30 million hospitality complex.  Iskalo Development Co. is also renovating the now-closed Lord Amherst into a 90-room boutique hotel that’s expected to open

Buffalo Business Report - Monday, August 24th 2015

The AAA pegs the current average cost for a gallon of unleaded gas at $2.67 for the Buffalo-Niagara Falls metro areas.  That's down three cents from one week ago.

The Buffalo Marriott HarborCenter is on target for a “soft opening” early next month.  Business First reports all 205 hotel rooms are being prepped and the staff is going through its final training

Buffalo Business Report - August 21st 2015

The State Department of Labor released the latest private-sector job news yesterday.  There was a 2.7% increase - or 12,800 private sector jobs - from July of last year to this past July.  The overall job market for the period was up by 2.3%.

Buffalo Medical Group has closed on the sale of property it had leased from Ciminelli Real Estate Corp. at 325 Essjay Road in

Buffalo Business Report - Thursday, August 20th 2015

First it was Just Pizza; then Just Pizza & Wing Co.  Now the local pizza chain has a food truck.  Business First reports the truck's first appearance will be at Canalside today.

Synacor Inc. has acquired Dallas-based Zimbra for a reported price of $24.5 million.  The deal is expected to close within 45 days.  Synacor is paying for it in part with $17.3 million

Buffalo Business Report - Wednesday, August 19th 2015

The ECIDA board has approved a series of tax breaks for Sodexo and its landlord, Uniland Development Co.  According to Business First, this will lead to Sodexo's construction of a regional service center in Cheektowaga.  The
$27.13 million investment will mean the retention of 511 jobs at the center.

Sahlen’s hots are a hot ticket item in Arizona.  They are now

Buffalo Business Report - Tuesday, August 18th 2015

The city is still taking in proposals for a mixed-use development at 201 Ellicott Street.  Currently a parking lot, the city wish list includes a grocery store and condos.  For its part, ECC would consider a number of things - including student housing, moving its workforce development program, or moving the offices of the Erie Community College Foundation.  

Student housing is

Buffalo Business Report - Monday, August 17th 2015

The current Buffalo metro average for a gallon of unleaded gas is $2.70.  That's six cents less than the state average of $2.76 and just three cents more than the national average of $2.67.

Mechanical services contractor MJ Mechanical plans to broaden the scope of its operations in the Town of Tonawanda.  MJ Mechanical is seeking a 40,000-square-foot expansion to its

Buffalo Business Report - Friday, August 14th 2015

The state is putting the day-to-day operation and maintenance of the 18-hole Beaver Island State Golf Course out to bid.  Bids are due back to the New York State Office of Parks, Recreation and Historic Preservation by 2pm on September 10th.
Business First reports Volland Electric, through its Nagel Drive Associates LLC affiliate, has purchased a former Kohler Awning production facility

Buffalo Business Report - Thursday, August 13th 2015

Lifetime Health Medical Group and MASH Urgent Care have entered into a new partnership to enhance medical care services in the downtown Medical Corridor.  Lifetime will transition its Urgent Care by Lifetime Health services at the Mosher Health Center, 899 Main Street, to MASH Urgent Care, starting in 2016.

John Skill Jr. has recently completed the purchase of Keyser Cadillac on Sheridan

Buffalo Business Report - Wednesday, August 12th 2015

The FAA has approved a plan for a helipad atop the new John R. Oishei Children’s Hospital of Buffalo.  Business First reports the only hurdle left is approval from the Buffalo Common Council.  It's anticipated that 300 patients will arrive annually by air at the hospital.  The $272 million facility is set to open in 2017.

The expansion project for Buffalo Medical

Buffalo Business Report - Tuesday, August 11th 2015

Buffalo's downtown Main Street makeover is underway.  According to Business First, a pair of retailers are set to open shop.  Furnishings - a Buffalo-themed gift, home decor and knicknack retail outlet - will occupy space in the former L.L. Berger’s building.   Buffalo Adore, which sells Buffalo-related gifts and items, will set up its second area store at the Market
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