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David Robinson

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David Robinson is the deputy business editor for The News, where has worked since graduating from Syracuse University in 1985. A New Hampshire native, he started out in the News' Tonawanda bureau and moved into the business news department in October 1987, exactly a week after the stock market crash.

IF HOMEOWNERS are riding high on the crest of double-digit price increases, then landlords are just treading water.The average price of single-family homes in Erie County has shot up by a little more than 10 percent per year since 1982, but rents have increased by only about half as much, landlords say."Rents are not keeping pace and I think that's partly because of w…

A Buffalo law firm has dropped its plans to build a five-story office building near Niagara Square because the project was not economically feasible, one of the partners said Friday."It was a business judgment based on the cost (of construction) per square foot," said Richard Lipsitz, a partner with Lipsitz, Green, Fahringer, Roll, Schuller & James. "It was more econo…

An eight-screen cinema for second-run movies and a Sears, Roebuck & Co. outlet store for damaged and outdated furniture and appliances are scheduled to open in the former Western New York Industrial Park on Elmwood Avenue in North Buffalo.Super Saver Cinema Eight, a discount theater chain owned by Movie One Theaters Inc. of El Paso, Texas, plans to begin construction …

IF YOU'RE thinking about buying a house in the next year or so, take heed: The bill payment you miss today could come back to haunt you when you apply for a mortgage later on.i Of course, just how much you'll be hurt by those late payments depends on how much you owe and how long you've owed it. A history of chronically late bill payments could make it tough just to …

A new walkway linking the Brisbane Building and the Adam, Meldrum & Anderson Co. downtown department store is expected to be completed by next May.The walkway, which still must be approved by a state panel, would extend a series of enclosed corridors that already link the AM&A's, Liberty and Rath buildings with Main Place Mall and Empire Tower.C. Stuart Hunt, one of t…

The Amherst Industrial Development Agency today approved a balanced $1.2 million budget for 1989 that will force the agency to dip heavily into its reserve funds.AIDA officials said the agency plans to use $737,011 from its fund balance next year to make up for an expected drop in revenue and to pay for a revolving loan fund it hopes to establish."The way to look at i…

THE TIDE of rising housing prices, which has swept through the area during the last four years, has been pushing up the cost of starter homes as well. Still, the higher prices for those smaller, less expen sive homes haven't been as apparent as the apprecia tion rates for some of the bigger homes in more affluent areas, like Amherst and Orchard Park. Yet local realtor…

For better or worse, the Walden Galleria shopping mall almost certainly will cause a major shake-up among retailers throughout the Buffalo area.Like an earthquake that strikes at the core of Western New York's shopping districts, the $100 million Cheektowaga mall will send out strong shock waves that will be felt at all of the area's existing malls and stores, retaile…

All of a sudden, upscale retailers are discovering Buffalo -- or at least the Walden Galleria.With nationally known companies like Bonwit Teller and B. Altman & Co. planning to open major stores in the Cheektowaga mall next year, the top end of the Buffalo retail market is being reshaped.Add to that other stores, like Abercrombie & Fitch, Harry Rosen Inc., Sharper Ima…

Lechmere, a Boston-based appliance and electronics company, will not be one of the anchor tenants in the Walden Galleria shopping mall after all, a company spokeswoman said Friday.While Lechmere never formally announced that it planned to open a store in the Galleria, the project's developer, Pyramid Co. of Buffalo, had been listing the chain as one of the mall's anch…

The Walden Galleria shopping mall, which originally was scheduled to open in March, will not open until May 1, local retailers confirmed today.The Pyramid Co. of Buffalo, the project's developer, sent letters last week informing retailers planning to open stores in the Galleria that the opening date for the Cheektowaga mall has been pushed back two months."We just fou…

The Niagara Frontier Automobile Dealers Association plans to open a wholesale automobile auction facility on 150 acres of farmland that the organization has purchased in the Town of Alden.But the property, which is located near the intersection of North Millgrove and Buckwheat roads, still must be rezoned before the project can begin, said Ronald Snyder, the town buil…

Two local RJR Nabisco Inc. operations -- the Shredded Wheat and Milk Bone dog biscuit plants -- could be headed for the auction block as a result of the $24.5 billion buyout of the company, analysts said.Several analysts said Thursday that they expect Kohlberg Kravis Roberts & Co., the investment firm that won a six-week battle for RJR Nabisco, to sell off chunks of t…

Moog Inc., which announced last week that it expects to lose about $14 million during its latest fiscal year, said Tuesday that it will suspend its dividend payments indefinitely."It's part of our recognition that the company is in a position where we need to be very conscious about our expenses and our cash flow," said Richard A. Aubrecht, chairman of the East Aurora…

Six months after announcing its first layoffs in 17 years, Moog Inc. said Tuesday that it plans to cut its domestic staffing and spending levels by another 10 percent.Those cutbacks, which are not expected to take effect for two or three months, were prompted by the company's announcement that it expects to lose about $14 million during the fiscal year that ended Sept…