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Jonathan D. Epstein

Jonathan Epstein is a business reporter at The Buffalo News, where he covers real estate and development. He formerly covered banking and insurance, and has worked at The Buffalo News since January 2004. He is a graduate of the University of Rochester and Columbia University Graduate School of Journalism, and is an upstate New York native.


Buffalo

A Buffalo real estate investor and property manager has acquired a 62-unit apartment and office complex in West Seneca, paying the Florida-based seller $2.43 million. Gregory Suffoletto, through 770 Mill LLC, bought the Queen's Court Apartments at 770 Mill Road and 4185 Seneca St. from Ansar and Almas Ahmed of Windermere, Fla. The 11,015-square-foot complex consists …

Local News

Todd Morgan, son of Rochester real estate developer Robert C. Morgan, pleaded not guilty Thursday morning in federal court in Buffalo to charges of bank and wire fraud following an indictment earlier in the week. Morgan, a project manager at Pittsford-based Morgan Management and Morgan Communities, barely spoke during the half-hour proceeding before U.S. Magistrate Judg…

Local News

Staged apartments. Fake loans and leases. And a woman who pretended she was a tenant but couldn't let inspectors into a bedroom because her boyfriend was "sleeping" there. The fraud charges leveled Tuesday against two Buffalo commercial mortgage brokers and two relatives of Rochester apartment mogul Robert Morgan shined a bright light on the underbelly of the murky worl…

Buffalo

A pair of downstate affordable housing specialists have acquired two low-income senior housing complexes in Buffalo for more than $8 million from the holding company for the estate of Frank L. Ciminelli. RM & PSG Housing Development Fund Corp. and RM & PSG LLC on Monday paid $4.4 million for the Niagara River Basin Apartments at 24 Hertel Ave. and another $4 mil…

Crime

Four men from Buffalo and Rochester face charges of wire and bank fraud for what federal prosecutors allege was a scheme to fraudulently obtain mortgages worth $167.5 million for apartment complexes in Buffalo and other cities. A federal grand jury Tuesday returned a 62-count indictment accusing two Erie County men and two men from Monroe County of giving lenders false …

Business

Steuben Foods, the Elma-based food processor and maker of the Elmhurst line of vegan milks, added to its property inventory last week with the purchase of a single-family home next to its facilities. The company paid $350,000 for the three-bedroom house at 750 Jamison Road, formerly owned by Howard T. and Sharon A. Winkler. The 2,026-square-foot home was built in 1967 o…

Buffalo

High school students at Western New York Maritime Charter School will get a new home alongside the middle school in South Buffalo after the Buffalo Planning Board Monday night approved a major expansion of the school's new building. The nautically themed school is working with Ellicott Development Co. to build a three-story classroom building and athletic facility on th…

Buffalo

LPCiminelli received Buffalo Planning Board approval Monday night for the second phase of its Highland Park Village project to convert the 27.1-acre former Central Park Plaza just east of Main Street into a new residential community. The construction contractor-turned-developer plans to build another 123 residential units just east of Holden Street, on the south side of…

Buffalo

The Buffalo Planning Board on Monday night approved a plan by developers Chris Jacobs and Alan Dewart to build a new two-story headquarters office building on the edge of Larkinville for Roar Logistics. The developers plan to construct a 12,020-square-foot office building at 535 Exchange St., with a 67-space asphalt parking lot, on a parcel next to the CSX railroad trac…

Buffalo

Transportation firm Roar Logistics would be the main tenant for a proposed new two-story office building on the edge of Larkinville – if the developers win city approvals and the company gets enough tax breaks from Erie County to move forward with its plan to create 14 new jobs. Christopher Jacobs of Avalon Development and Alan Dewart of Seneca Development & Managem…

Buffalo

The state Department of Environmental Conservation is asking for public comments on proposed brownfield cleanup plans for two pending development projects, one on the West Side and one in downtown Buffalo. Ciminelli Real Estate Corp. has proposed construction of an 18-story apartment, office and retail complex on a 2.5-acre site at 201 Ellicott St., between the Buffalo …

Buffalo

With all five commercial spaces leased and construction work proceeding on schedule, executives at Schneider Development are now hoping to get their new Shea's Seneca mixed-use complex opened and filled by September, even as they seek a tenant for the new Liberty Seneca across the street. Jake Schneider's company, which bought the historic former Shea's Seneca Theatre c…

Buffalo

Western New York Maritime Charter School, fresh off moving its middle school to a new location in South Buffalo, is now planning a major expansion of that building to accommodate its high school and a new gymnasium. The nautically themed school worked with Ellicott Development Co. to purchase the former School No. 70, a two-story brick building at 102 Buffum St., just e…

Business

Architect and developer Jake Schneider's real estate business is getting bigger. The owner of Schneider Development, Schneider Construction and Schneider Design Architects is launching a full-service real estate brokerage to leverage the services already offered by the affiliate companies. The new firm, called Schneider Real Estate Services, will offer third-party real …

Buffalo

Lancaster developer Bill Severyn is revising his proposal for six new three-story attached town houses near Kleinhans Music Hall after neighbors rose up in opposition at a Zoning Board of Appeals public hearing. Severyn Development wants to construct the 12,000-square foot project on a vacant 0.18-acre lot at 390 Jersey St., at the corner of 14th Street. Each of the …