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Buffalo Business Report - Friday, October 2nd 2015

Developer Nick Sinatra has revealed his name and plans for the Market Arcade complex’s indoor market.  According to Business First, the market will be called Expo as a nod to the Pan-American Exposition.  Scheduled to debut in November, Expo’s initial food tenants include Agave Dos, Crush Juicery, Gypsy Bohemian Grove Bar, Newbury Street, Osteria 166 and Sun

Buffalo Business Report - Thursday, October 1st 2015

The fifth time appears to be the charm for M&T Bank's purchase of Hudson City Bancorp Inc.  Business First reports the $5.1 billion acquisition has gained Federal Reserve Board approval.  Still needed: approval from the New York State Department of Financial Services.

At 3 this afternoon, One Seneca Tower goes up for bid at a court-ordered auction.  The 38-story

Buffalo Business Report - Wednesday, September 30th 2015

Downtown Buffalo's Extreme makeover continues, with the sale of three neighboring buildings near the Michigan Avenue corridor - at 163 Broadway, 167 Broadway and 69 Nash Street.  Business First reports a local investment group, whose members include architect Steve Carmina and developer Roger Trettel, submitted the top bid of $410,000 for the properties.

Two North Tonawanda firms

Buffalo Business Report - Tuesday, September 29th 2015

Appropriately enough on this National Coffee Day, a third Paula's Donuts location will be opening soon.  The Southgate Plaza in West Seneca will welcome Paula's this Thursday.  The other locations are on Main near Harris Hill in Clarence and on Sheridan Drive near Colvin.

On the heels of yesterday's news that the Red Oshier is seeking new owners, Colter Bay Grill on

Buffalo Business Report - Monday, September 28th 2015

Another week has brought another nickel decline in the average cost for a gallon of unleaded gas in the region.  The AAA places the current Buffalo-Niagara Falls cost at $2.46 per gallon.

M&T Bank’s quest to acquire Hudson City Bancorp Inc. may finally happen.  Business First reports Hudson City has agreed to pay nearly $33 million to settle charges brought by the U.S.

Buffalo Business Report - Friday, September 25th 2015

With the U.S. General Services Administration classifying the Michael J. Dillon Courthouse as “excess” real estate, Congressman Brian Higgins wants to make sure the building gets sold sooner rather than later.  According to Business First, the GSA must first ascertain if another U.S. agency wants the building.  Federal screening takes about 30 days, with other measures

Buffalo Business Report - Thursday, September 24th 2015

First Niagara has hired JPMorgan & Chase Co. to act as a financial advisor on strategic moves.  That has industry watchers chiming in with predictions that the bank is for sale.  A banking analyst at Wells Fargo Securities is less sure that will be the eventual outcome - but making some announcement soon is critical.  As quoted in Business First, Jared Shaw says “If

Buffalo Business Report - Wednesday, September 23rd 2015

Catholic Health is planning an $8.8 million expansion that would double the number of beds in its neonatal intensive care unit at Sisters of Charity Hospital.  Business First reports the move would increase the total bed count from 20 to 32, pending approval from the state Department of Health.

Perry’s Ice Cream has launched some fall flavors.  Gingerbread Cookie and

Buffalo Business Report - Tuesday, September 22nd 2015

Wall Street rating agency Fitch Ratings has upgraded Erie County’s credit rating from “A” to “A-plus.”  The ratings upgrade allows the county to pay less for borrowing funds needed for capital projects like road repairs.

Cleveland BioLabs, Inc. has been awarded a grant of up to $6.6 million from the Department of Defense.  Congressman Brian Higgins

Buffalo Business Report - Monday, September 21st 2015

Local gas prices are oozing slowly downward.  The AAA reports the current average cost of $2.51 is four cents lower than one week ago for a gallon of unleaded gas.  Nationally, the average is $2.29.

Tax breaks approved last week by the Amherst Industrial Development Agency will allow 6850 Main Street Partners LLC to purchase a 9,700-square-foot building at the corner of Main

Buffalo Business Report - Friday, September 18th 2015

An implosion date and time for the 11 story tower of the former Millard Fillmore Hospital has been set.  TM Montante Development and Montante Construction says it will bring the structure down Saturday, October 3rd at 7am.  Residents are being informed individually of the process - with an informational session to be held next week .

It will take longer to say the name of law firm

Buffalo Business Report - Thursday, September 17th 2015

Here's something else for Bills fans to shout about - a Team Marketing Report survey says attending a home game is still one of the better deals in the NFL.  The average cost for a family of four to attend a Bills game rose 2.1% - to $391.04.  Only Tampa Bay and Jacksonville costs are lower.  On the othr end of the scale, the 49ers stadium is the most expensive place for a

Buffalo Business Report - Wednesday, September 16th 2015

The Buffalo Niagara market has been selected by Tim Hortons Cafe & Bakeshop as a "tasting ground" for its new line of sandwiches.  Business First reports the Chicken Salad Sandwich is coming back, plus new offerings like a California Turkey sandwich with avocado spread; a Mozzarella Pesto Panini that includes baby spinach, pesto sauce and tomatoes; and an Italiano Grilled Bagel

Buffalo Business Report - Tuesday, September 15th 2015

The Bills are worth a lot in the estimation of football fans here; in reality - not so much.  The latest Forbes magazine ranking of valuable sports franchises puts the Dallas Cowboys first, followed by Real Madrid of the other sport called football.  The Cowboys are worth a reported $4 billion; dead LAST among NFL franchises was Buffalo, with a value of just $1.4
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