Business - The Buffalo News

Share this article

Business

print logo

Buffalo Niagara's home sales showed modest growth in 2007, at a time when the national housing market is in a slump. It's not a new trend. The region's housing market has typically followed a slow-growth pattern, removed from the more drastic ups and downs that have occurred in the national market. Local real estate executives say they don't expect to see much of a chang…

  Buffalo residents will have another reason to spend their shopping dollars in the city later this year when Kohl's Corp. opens in Delaware Commons in north Buffalo.    The retail chain is partnering with Benderson Development to build a $3.4 million store on the site of long-vacant Ames Department Store on Delaware Avenue, just south of Hertel Avenue. Koh…

The region's commercial real estate market sounds a lot like its residential market these days -- no dramatic changes, even while some other parts of the country have experienced major upswings or downswings. That's the prevailing view from CB Richard Ellis' Buffalo office, which just released its annual surveys of the market. New space is still being built, notably in th…

  Just when you thought DSL was on the way out, Verizon decides to give ita speed boost. A new tier of DSL service gives download speeds up to 7 megabits per second, more than double the current ceiling.    With the speed boost comes a price boost, to about $40 a month, making the package look similar to cable Internet service.    But it's only a…

Wegmans' decision to stop selling cigarettes and other tobacco products in its stores has touched off a bit of a debate. Supporters of the move praise Wegmans' move as something they hope will catch on with other retailers. Critics, though, wonder why Wegmans is banning cigarette sales, but not taking the same approach with other items it sells that are criticized as unhe…

With oil at $100 a barrel, maybe it's not a surprise that General Motorscanceled plans for a new eight-cylinder engine at its Tonawanda plant.    Gas prices and tougher U.S. fuel economy standards killed plans for themotor, which was slated for future luxury cars, the company said Thursday.    What bothers critics is that the company continues to sell…

   They say location is key in retailing. Last year it helped if your locationwas somewhere near the Canadian border.    The homegrown consumer may be tapped out, but not those neighborsto the north, who are flocking to U.S. checkout lines.    Despite high gas prices and a lackluster job market, local malls say theyrecorded strong sales duri…

Craft brewers are growing up and getting more businesslike.    That's good for their bottom line … but will it be good for the beer?    Microbrewers have enjoyed a surge of demand for locally produced, fresh brews that provide an alternative to mass market beverages. Their popularity has propelled growth to double-digit rates, even while consumption …

   For the past two decades, Thursday in the Square in downtown Buffalo,has been a "must do" on the summer entertainment schedule.  But in theSummer of 2007, the 17-week concert series failed to meet projections.    Buffalo Place, the non-profit agency that puts on the shows and pays forthem through sales of beer and food, vows the show …

The favorite techie toys under my tree aren't always the  most expensive; they can be the silliest.    Like the combination USB hub/cup warmer that I still use. Granted, they were on sale for less than any other USB hub ($2.99 in the closeout bin at a large office supply store a couple of years ago); that's how it ended up under the tree.    An…

Three very different proposals have been submitted to build housing on the last remaining site overlooking Buffalo's Erie Basin Marina.    One plan calls for 60 to 70 condos in a high-rise tower on the city-owned land; another calls for 26-units housed in a combination of mid-rise and townhouse structures, priced from $250,000 to nearly $800,000. A third option …

The completion of the sale of Tops Markets from Ahold to Morgan Stanley Private Equity brings the chain back to stand-alone status, something it has not had since it became part of Ahold's network of chains in 1991. Tops' new ownership is pledging to add more stores, invest in existing stores and bring more of a local focus to the operations. The prospect of more Tops stor…

With a voice sometimes dipping into his native New England accent, JohnRatzenberger argued the case for making things, with one's hands.    "If we had to build the twin towers today, it would all be foreign steel," he said.    During a meeting in Buffalo, the actor-turned-manufacturing-advocateargued that communities lose more than paychecks…

   The billboard for the Holimont ski club says "Play Hooky at Holimont"and shows a man in a tie skiing in deep powder. The pitch is clever:The private ski club is open to non-members during the week, so whynot cut out of work and strap on the boards?    Unfortunately, the billboard stands directly across from the Ellicottville schools. &nbs…

With the Thanksgiving weekend fast-approaching, the time has come todown plates of turkey and get serious about holiday shopping.    National retail forecasts indicate the economic pressures of higher fuel prices and mortgage market troubles will put a damper on gift-buying.But locally, shoppers are saying they won't let economic malaise get in theway of their p…