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Buffalo Business News

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Buffalo Business Report - Wednesday, April 23rd 2014

AT&T and The Chernin Group have formed a venture to acquire, invest in and launch over-the-top video services. The Chernin Group and AT&T have committed over $500 million in funding to the venture.  No further financial terms were disclosed.

The DENT Neurologic Institute has announced plans to add Electroconvulsive Therapy services to its Psychiatry division.  The new program

Buffalo Business Report - Tuesday, April 22nd 2014

The real estate portion of the Riverbend Commerce Park deal is expected to close later this spring.  According to Business First, Fort Schuyler Management Corp. will purchase 88 acres in the Riverbend Commerce Park for $2.5 million from the Buffalo Urban Development Corp.  The South Buffalo property will be used to house two California-based green tech firms that have pledged to

Buffalo Business Report - Monday, April 21st 2014

The current local average for a gallon of unleaded is up to $3.82, according to the AAA.  That's a seven cent jump in the past month.

144 Edward Street LLC has purchased the former Immaculate Conception Church rectory on Elmwood Avenue for a reported $295,000.  Business First reports eventually the plan is to renovate the rectory into apartments.

The state Labor

Buffalo Business Report - Friday, April 18th 2014

First Student bus service will close its location on Millersport Highway in Amherst.  
79 employees work there, but it's unclear how many will be impacted by the closing.  The company has two other locations in Buffalo and North Tonawanda.

Nearly 88,000 jobs are currently available and listed on the state's Jobs Express website.  By far the most openings in the Western

Buffalo Business Report - Thursday, April 17th 2014

The Buffalo Niagara region has been pinpointed by Citigroup Inc. as a potential expansion site for some of its global operations.  Business First reports Citigroup representatives have met with area developers and public-sector agencies to scout sites.  Amherst is the preferred choice for a proposed100,000-square-foot facility.  Citigroup is also eyeing outside communities for the

Buffalo Business Report - Wednesday, April 16th 2014

Business First reports that the Empire State Development Corp. is seeking bids to demolish much of the Episcopal Church Home property that neighbors the Peace Bridge.  Bids are due back May 5th.  This is the first step in the renovation of the U.S. side of the Peace Bridge plaza.  Empire State Development bought the nearly five-acre property last June for $4.73 million.

Buffalo Business Report - Tuesday, April 15th 2014

A deal announced at the end of February has been completed. One Equity Partners, the global private investment arm of J.P. Morgan Chase & Co. has acquired PeroxyChem, a business division of FMC Corp.  That deal was valued at approximately $200 million.

The Credit Union Association of New York's latest report indicates Empire State credit unions outperformed their national peers in

Buffalo Business Report - Monday, April 14th 2014

According to the AAA, the current average cost for a gallon of gas is up to $3.78 in the area.  The price up is four cents locally since last week and is fourteen cents higher than the current national average.

AutoZone has purchased the former site for Orville’s appliance store at 1601 Walden Avenue.  Business First reports a new auto parts retail outlet is expected to

Buffalo Business Report - Friday, April 11th 2014

State officials have approved a revised plan for the John R. Oishei Children’s Hospital of Buffalo.  The $270 million project will bring a 410,000-square-foot, 12-story facility to Ellicott Street between the Buffalo General Medical Center and Conventus.

The state denied a proposal for a planned ambulatory surgery center project in Orchard Park.

Hornblower officials hope to

Buffalo Business Report - Thursday, April 10th 2014

Benderson Development Corporation's Boulevard Consumer Square is about to increase in size.  Business First reports the plaza has proposed adding to its Old Navy, PetSmart and Hallmark/Babies R Us stores, while expanding the Bed, Bath & Beyond store.  The Amherst Planning Board will review the proposal April 17th.

Flexo Transparent Inc. plans a $6.5 million,

Buffalo Business Report - Wednesday, April 9th 2014

Business First reports that Buffalo Surgery Center LLC has filed plans to build a $1.2 million, 35,000-square-foot facility at 3901 Sheridan Drive next door to its existing building on the Excelsior Orthopaedics LLP campus.  That expansion will also allow Excelsior to expand by another 10,000 square feet with four additional clinic and exam rooms and likely more X-ray

Buffalo Business Report - Tuesday, April 8th 2014

Nick Sinatra has purchased a three-story, 26,000-square-foot building at 191 North Street in Buffalo.  Business First reports the purchase price was $1.39 million.  Sinatra intends to market the space to those looking for a presence at the nearby Buffalo Niagara Medical Campus.

Delaware North will be putting down $70 million in private financing for renovations of the Boston

Buffalo Business Report - Monday, April 7th 2014

The New York Power Authority has awarded a pair of contracts.  One deal with Ferguson Electric is for installation of equipment at NYPA's Lewiston Pump-Generating Plant.  The other contract with Quality Inspection Services is for on-call testing and inspection services at the Niagara project.

According to Business First, U.S. Citizenship & Immigration Services has filed a

Buffalo Business Report - Friday, April 4th 2014

The AAA pegs the current average cost for a gallon of unleaded gas in the region at $3.74.  That is now just seventeen cents higher than the national average of $3.57.

Business First reports that Indian restaurant Kabab & Curry will be leaving its Transit Road spot for 8445 Main Street in space formerly used by Hirsch's Restaurant.  The Transit Road site will be home to

Buffalo Business Report - Thursday, April 3rd 2014

$31.6 million is the total of the quarterly casino exclusivity payment to New York State from the Seneca Nation of Indians.  Those funds will be dispersed to the host cities of Seneca-operated casinos, namely Buffalo, Niagara Falls and Salamanca.
Since the December 2002 opening of the Seneca Niagara Casino & Hotel, the Seneca Nation has made more than $1.1 billion in exclusivity
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