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Buffalo Business News



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Landscape Changes

Buffalo Business Report - Friday, May 27th 2016


291 North LLC, an affiliate of WestMont Senior Living LLC, has officially closed on its $2.2 million purchase of the former Nazareth Home of the Franciscan Sisters property.  Business First reports the plan is to demolish the existing buildings to make way for a multi-story, 123-unit senior housing complex.

The Buffalo Niagara Medical Campus wants some help from the ECIDA to finance

Buffalo Business Report - Thursday, May 26th 2016


Pegula Sports & Entertainment has put a Cobblestone District building under contract.  According to Business First, PS&E has an agreement with John McKendry, owner of Hi-Temp Fabrication, to buy the five-story Perry Street building.  No financial terms were released.  The sale is expected to close later this summer.

The Central Terminal Restoration Corporation has named Stinson

Buffalo Business Report - Wednesday, May 25th 2016


Upper Allegheny Health System has signed a letter of intent to affiliate with the Kaleida Health system.  Under terms of the proposal, Kaleida Health will become the parent organization of UAHS.  UAHS and its member hospitals, Bradford Regional Medical Center and Olean General Hospital, will become part of Kaleida Health while remaining separate legal entities with separate boards of

Buffalo Business Report - Tuesday, May 24th 2016


National Grid has agreed to keep electricity and natural gas rates for upstate New York customers at the current rate through 2018.  Through its agreement with regulators, National Grid will also be increasing its capital investment in its electricity and natural gas networks over the next two years by approximately $1.3 billion.

The Diocese of Buffalo is looking to sell the St.

Buffalo Business Report - Monday, May 23rd 2016


According to the AAA, local gas prices have resumed their climb.  The current WNY average is $2.39, up three cents per gallon from a week ago.

The Amherst IDA has signed off on a pair of projects.  Business First reports Kitchen World Distributing Inc. will relocate its warehouse and commercial manufacturing division from Lockport to a facility it wants to construct behind its

Buffalo Business Report - Friday, May 20, 2016


New York City real estate investor Harvey Kaylie has emerged as possible buyer for the One Seneca Tower, Buffalo’s tallest office building but one that is virtually vacant.

Buffalo Business Report -Thursday, May 19, 2016


The big three health insurance plans in Western New York have all asked state officiuals to allow them to hike prices on the plans they offer through the state insurance exchange.

Buffalo Business Report - Wednesday, May 18 2016


40 HSBC positions in non customer facing IT will be trimmed. The bank says it's part of a move to transform its technology delivery. A bank spokseman says in a statement there are 60 open IT slots in WNY, and those affected can apply.  The 40 job

Buffalo Business Report - Tuesday, May 17th 2016


Martin's Fantasy Island theme park has been purchased by California-based Apex Parks Group.  Terms of the deal were not made public.

A new OB/GYN center has opened at The Summit - Suite 650 at the Summit Healthplex; 6934 Williams Road in Wheatfield.

Buffalo-based telecommunication company Network Task Group has hired three new employees.

The Wegmans Employee Scholarship Program

Buffalo Business Report - Monday, May 16th 2016


The AAA reports gas prices locally remained steady this past week.  It's still $2.36 on average for a gallon of unleaded in the Buffalo-Niagara Falls area.

Senator Charles Schumer wants more dogs in the hunt for airport screening.  The TSA is hoping to reduce wait times with pre-screening through its TSA Pre✓® program.  You can make an appointment on-line or

Buffalo Business Report - May 13, 2016


A Clarence-based plant biotech company has leased space on the Buffalo Niagara Medical Campus, The Buffalo Niagara Business Ethics Awards have been delivered, and Warren Buffet makes a Forbes list

Buffalo Business Report May 12, 2016


 Hidden inside the announcement that Key Bank will take over the naming rights for First Niagara Center-- was some possible good news for jobs in Buffalo.  When Key finishes the purchase of First Niagara Bank-- corporate headquarters will be in Cleveland, but  Northeast Regional headquarters will be in Buffalo's Larkinville- at First Niagara's current offices.

(AP) -

Buffalo Business Report - Monday, May 9th 2016


With the observance of Memorial Day three weeks away, gas prices continue their traditional rise.  The AAA reports the Buffalo-Niagara Falls average for a gallon of unleaded gas is up two cents from last week, to $2.36 - and in a new survey, motorists believe pump prices are too high.  More than 35% responded that way - despite the fact that gas prices are at their lowest levels

Buffalo Business Report - Friday, May 6th 2016


GEICO plans to hire more than 100 Buffalo associates for additional positions in claims, sales and service.  One of the company's accelerated leadership programs - the Management Development Program - is also recruiting recent college graduates.  Current employment at GEICO's Buffalo office is over 27-hundred people.

A big score for Synacor.  the Buffalo-based

Buffalo Business Report - Thursday, May 5th 2016


Aéropostale has filed for Chapter 11 bankruptcy - and will close 113 stores in the U.S. - and all 41 of its Canadian stores.  In the Buffalo area, that impacts stores in the Boulevard and McKinkley Malls.  Store closing sales are scheduled to begin in the U.S. during the weekend of May 7th-8th.
   
The Restaurant Finance Manager blog notes that a Rochester restaurant
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