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Buffalo Business Report - Thursday, October 8th 2015

Massachusetts-based 1366 Technologies will be the anchor tenant at a long-proposed STAMP business park in the Genesee County Town of Alabama.  Total investment is $700 million.  The Batavia Daily News quotes one regional development leader as saying "the impact of this particular project will be $4.3 billion over the next five years."  1366 Technologies pledges to

Buffalo Business Report - Wednesday, October 7th 2015

Delaware North is opening a new call center next month - with plans to hire about 40 reservation agents and seven management positions.  The move-in ready call center is located at 170 Northpointe Parkway, in the Northpointe Commerce office park.  Tomorrow from 11am to 1pm, Delaware North will host a virtual career fair to hire customer service representatives.

Buffalo Manufacturing

Buffalo Business Report - Tuesday, October 6th 2015

The Buffalo Planning Board will get a second look at plans for the former Buffalo Milk Co. building at 885 Niagara Street.  HHL Architects, representing Regan Development, will present its revised renovation plan today.  Business First reports the building will feature 39 one-bedroom apartments and 14 two-bedroom units - with eight of the apartments specifically for homeless

Buffalo Business Report - Monday, October 5th 2015

Over the past month, local gas prices have dropped by fifteen cents.  The current average for a gallon of unleaded in this region is $2.43, according to the AAA.

Basil Ford of Niagara Falls has opened at 6980 Niagara Falls Boulevard.  The dealership is the 11th in the Basil Family.

Hero Burger has begun serving customers from its location at Elmwood Avenue and Bidwell

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
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