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Rehabing. Reselling. Reorganizing. Recovering.

   From The Buffalo News Business Today:

- From warehouse to dorm - Jonathan D. Epstein/The Buffalo News
   Students at Erie Community College and other area schools will soon have another option for housing Lofts downtown.
   Conversion of the former Alling & Cory warehouse at Elm and North Division streets is well under way and on schedule, with the interior construction and renovation slated to be completed in time for the historic six-story building to reopen in August as The Lofts at 136. --------------------->

- Hamburg apartment building sold again - Jonathan D. Epstein/The Buffalo News
   A 60-unit Southtowns apartment building dating back more than 50 years has changed hands in a multimillion-dollar deal for the third time in a decade, with a local property owner from Lackawanna buying it from a New York City investor for $2.575 million.
   An entity called Hamburg Heights LLC bought the Blair House Apartments at 3580 Sowles Road in Hamburg on Wednesday from Blair House Holding LLC, which is controlled by Joseph Hecht. The purchase was financed through First Niagara Bank

- Airlines' directors approve merger - Joshua Freed/AP/Buffalo News
   Directors at Continental and United airlines have approved a deal that would combine them into the world's largest airline, a source with knowledge of the situation said Sunday. The stock-swap deal values Continental at about $3.2 billion.

- Auto industry gains give Detroit a boost - Corey Williams/AP/Buffalo News
   In a city all too familiar with bad economic news, the past week has brought a triad of hope: $2.1 billion in earnings for Ford Motor Co. during the first three months of the year, an announcement from General Motors that it would pour $890 million in investments into five factories across the country and a drop in losses for Chrysler.
- Securing Detroit’s future is a challenge - AP/Detroit Free Press

-- George Pyle/The Buffalo News 

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