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In 2018, the eldest millennials will turn 37. Their generation is greater in number than the baby boomers, and their purchasing powers are just beginning to peak. So it’s no surprise the consumer landscape will continue transforming as retailers adapt to keep up with millennial preferences. As the first digital-native generation, millennials’ expectations are vastly dif…

Business

Construction and development are expected to continue at a frenetic pace in Buffalo in 2018, as attention shifts from the Buffalo Niagara Medical Campus to several major projects in downtown Buffalo and Elmwood Village, along with a host of smaller efforts in various parts of the city. Here’s a look at what’s coming this year: • One Seneca Tower: Washington developer…

Business

If at first you don’t succeed ... build. As the market for existing homes in Western New York continues to tighten, forcing bidders to duke it out with ever-higher offers, some prospective buyers have instead turned to new construction for their dream home. They’re choosing from a variety of homebuilders and opting for either model-home designs in pre-designated comm…

Amherst

From the revival of a shopping center in Amherst to the reopening of a former retreat for the Catholic Diocese of Buffalo in Evans, from a new community gathering space in West Seneca to manufacturing expansions in the Town of Tonawanda, 2018 will see significant development in Buffalo’s suburbs and in Niagara County. Here are some of the major development proposals and p…

Business

Commercial real estate sales are strong in Western New York for industrial properties and multifamily buildings, as a scarcity factor and attractive returns continue to drive demand and rising prices locally. Brokers say that the supply of available manufacturing facilities or warehouses isn’t remotely keeping up with the demand, while the market for Class A office spac…

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St. Bonaventure University Provost Joseph Zimmer likes to say that if the university had been founded by nuns instead of friars, it would have had a nursing school since its beginnings. Catholic nuns, of course, were once the bedrock of health care delivery and education in Western New York. Now, in turbulent times for higher education, those colleges and universities w…

Business

When plans arose in 2001 to create a medical district downtown, they came with large doses of hope and skepticism. A similar proposal in the 1980s went nowhere. There was good reason to believe the same fate would befall this effort, especially with its over-the-top expectations for attracting jobs and medical tourists to Buffalo. While there is no magic solution to …

Business

Citi doesn’t have any bank branches in the Buffalo Niagara region. Neither does HSBC Bank USA. But both companies are still major employers in the region. So is Geico, and Strategic Financial Solutions aspires to join their ranks as a big-time job generator. The region has attracted a number of employers with large numbers of what are broadly referred to as back-offi…

Business

Just how much will Buffalonians pay for an apartment? As the wave of renovations and building conversions continues, that’s the big question confronting developers and landlords. Almost every week, seemingly, a new project is proposed to either turn an aging facility into new residences or to build anew. Some are small, with only a handful of new apartments, but many…

Business

Here's a guide to the first Buffalo Billion, from the Tesla factory to IBM's Buffalo Innovation Center, and the grass-roots initiatives that are at the core of Round 2: Tesla Buffalo Billion commitment: $750 million The project: The first solar panels are rolling out of the Tesla factory, built on a 90-acre former brownfield at the Republic Steel site on the Buffalo R…

Business

Who: Bret Blakely and Steve Coulton, co-founders of OnCore Golf What they're doing: The company is rapidly gaining recognition throughout the golf industry. OnCore introduced a high-performance golf ball constructed with a hollow-metal core. That's a radical departure from the solid rubber core used to make traditional golf balls, and it was a catalyst for United States…

Business

Who: Dan Magnuszewski, co-founder and chief technology officer, ACV Auctions What he's doing: ACV Auctions built an online marketplace for new and used car dealerships to buy and sell inventory directly to each other, bypassing the need for a physical auction. The company was the $1 million grand prizewinner of 43North's 2015 business plan competition. Since its incepti…

Business

Who: Dr. Irfan Khan, founder and chief strategy officer of Circuit Clinical What he's doing: The company helps physicians participate in clinical studies. Why he defines the entrepreneurial spirit: Khan believes that patients have a right to choose clinical research as a care option, so he started a company that gives people that option in the comfort of their doctor…

Prospectus

The new year rang in some complex new bookkeeping measures for employers in New York State. As of Jan. 1, employers in New York State are required to give workers paid leave in order to bond with a child, care for a sick relative or help loved ones during a family member’s military deployment. It will phase in over four years. This year, workers are entitled to up to…