From Business Today:
Home sales in Western New York dipped in November as the slow recovery form the recession and a hangover from the government stimulus program lingers. But on the upside, pending sales - those expected to close in the next few months - rose 29 percent. Regardless of the monthly number, all homeowners in the region can take a little relief in knowing the real estate bubble that has wrecked some families finances elsewhere, missed us. We rarely make a killing on our homes, but we rarely get killed, either.
Allcare Dental, a national chain based in Amherst, suddenly and with little notice, shut its doors and closed. Patients are advised to get another dentist. The company has been part of a probe int he summer by the state Attorney General into predatory lending by medical businesses. That - and the ferocious competition among dentists - couldn't have helped.
Erie County lawmakers couldn't bring themselves to extend a law that exempts non-profits that get tax-favored financing from paying prevailing wages on the construction jobs. Several area schools have used the financing and the break in paying wages to build about $122 million in projects. The legislature balked after hearing from area unions. The matter was tabled. County Executive Chris Collins wants to continue to push for its passage.
An eyesore on Main Street is finally getting what it deserves: the wrecking ball. The Buffalo Tourist Lodge, between Dodge and Best streets, has been a blight for decades. The owner plans to raze it and build a new Sleep Inn. It's aimed at serving the growing medical campus a few blocks away. And it could help with the turnaround of a tough stretch of Main Street.
Who is getting hired, promoted and honored?
For all our houses...