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Buffalo Business Report - Wednesday, December 24th 2014

The state Department of Labor notes the Buffalo-Niagara Falls unemployment rate declined to 5.8 percent in November compared to 6.6 percent a year ago.  That's the lowest jobless rate for that particular month since 2008.

Local developers are hoping to break ground this spring on a $20 million Lancaster apartment complex.  The 150-unit complex is set for the corner of Harris

Buffalo Business Report - Tuesday, December 23rd 2014

The Aloft branded hotel holds its grand opening today.  The hotel is located on Genesee Street, just across from the Buffalo Niagara International Airport.

Buffalo Game Space is finalizing a lease for its new headquarters in the Tri-Main building on Main Street in Buffalo.  Business First reports the site will include state-of-the-art computer gear for a new Game Space

Buffalo Business Report - Monday, December 22nd 2014

Buffalo's average for a gallon of unleaded gas is down to $2.93, a drop of eight cents from a week ago.  The national average cost is $2.39 per gallon.

Tarrytown, New York-based DLC Management Corp. has purchased 11 retail sites in 4 states; seven of those are in the Western New York region.  The properties were all owned previously by DDR Corp.  Business First

Buffalo Business Report - Friday, December 19th 2014

First Niagara Financial Group Inc., parent company of First Niagara Bank N.A. will trim 150 to 200 managerial-level jobs throughout its four-state footprint.  Besides New York, the bank operates in Pennsylvania, Connecticut and Massachusetts.

Eaton Office Supply Co., Inc. and Integrity Office have announced a merger.  The  company will operate as Eaton Office Supply Co., with

Buffalo Business Report - Thursday, December 18th 2014

Another piece of the Canalside puzzle locks into place tonight.  A 5pm performance by Neon Trees will precede a 530pm ribbon cutting ceremony for “Ice at Canalside.”

The New York Power Authority board has allocated low-cost hydropower to seven local businesses in WNY.  Those companies will receive 1,900 kilowatts of power to support a total of $34 million in capital

Buffalo Business Report - Wednesday, December 17th 2014

At its latest meeting, the Buffalo Planning Board approved revisions to proposals for both a new Tim Hortons on Niagara Street and for a three-story upscale townhouse addition to a historic Delaware Avenue mansion.  Both plans had sparked opposition in their respective neighborhoods.

Lawley Insurance has a pending acquisition for Connecticut-based DFM Insurance Inc.  The deal is

Buffalo Business Report - Tuesday, December 16th 2014

According to Business First, Developer Paul Kolkmeyer is closing on his acquisition of five buildings from businessman David Sweet.  Included in the deals are 3 adjoining properties at 237, 241 and 251 Main Street in Buffalo, as well as the Rand Building and the Main Court Building.  Total cost for those properties is reportedly $11.7 million.  Kolkmeyer pledges to invest

Buffalo Business Report - Monday, December 15th 2014

Although some locations are finally selling unleaded gas for less than $3 per gallon locally, the AAA puts the average cost for the region at $3.01.  The national average per gallon is down to $2.55.

The 6th local Marco's Italian Deli location opens today inside the Genesee Gateway Building.  This location faces out towards Genesee and Oak streets and the Catholic

Buffalo Business Report - Friday, December 12th 2014

Kaleida Health has officially closed on its $120 million HUD loan.  Business First reports the loan will save $50 million in interest payments related to the construction and development of the John R. Oishei Children's Hospital.  Prudential Financial Services is handling the mortgage package.

The Tops Plaza at Union Road and George Urban Boulevard in Cheektowaga and a

Buffalo Business Report - Thursday, December 11th 2014

The Buffalo and Fort Erie Public Bridge Authority has completed an improvement project to widen the bridge approach onto the U.S. plaza.  This will allow for better separation of truck and car traffic making it easier for cars to access inspection booths.

An engine manufactured at the Tonawanda plant for GM is an award winner.  The LT1 Small Block 6.2L V8 that powers the 2015

Buffalo Business Report - Wednesday, December 10th 2014

Another deadline extension for the M&T Bank Corp. and Hudson City Bancorp Inc. merger.  Business First reports top executives of both banking companies said they remain committed to the deal.  M&T is still awaiting approval from federal regulators to close the acquisition, and there's no indication if or when that will happen.  The new deadline for the pending merger is April

Buffalo Business Report - Tuesday, December 9th 2014

Architect/developer Karl Frizlen has designs on converting the vacant St. Thomas Aquinas School into a project anchored by 32 market-rate apartments.  The $5 million project is going before the Buffalo Planning Board and Zoning Board of Appeals in two weeks.  The proposal does not impact the neighboring St. Thomas Aquinas Church.

KeyBank N.A. has inked an agreement with ATM

Buffalo Business Report - Monday, December 8th 2014

The AAA puts the local cost for a gallon of unleaded gas at $3.14 in WNY.  That's seven cents less than the cost last week.  The region's price has fallen fifty cents since this time last year; still Buffalo's average is among the highest of the Lower 48 states.

Catholic Health has been approved to assume ownership of Mount St. Mary’s Hospital.  A

Buffalo Business Report - Friday, December 5th 2014

Business First reports an Amherst shopping center, anchored by a Tops Friendly Market, has been sold at price of $11.9 million.  The plaza at 3035 Niagara Falls Boulevard was sold by Cleveland-based DDR Corp. to Amherst TK Owner LLC.
The song "Looking For Love" in all the wrong places does not apply to Buffalo.  The newest edition of the Census Explorer notes that the