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Elderwood sold, First Niagara soars, renovation project saves...

From Business Today:

Elderwood Senior Care, a well-respected nursing home group in the region, is being sold, but the buyers pledge no dramatic changes to how the homes are managed.ElderWood  The successful company was built by Robert M. Chur, and includes 18 homes and assisted living facilities around Western New York. Sixteen of these are being sold to Post Acute Partners, a company founded and run by a doctor and a partner in New York City. They said they plan to keep all the current employees and bring more technology into the facilities. Terms of the sale were not disclosed.

First Niagara Financial Group showed again that it is firing on all cylinders with first quarter earnings climbing 55 percent. Much of that growth reflects the merger blitz the Buffalo-based company has been on.  With the closing of its latest purchase of NewAlliance Bancshares in Connecticut, the former Lockport Savings Bank is now a $30 billion company with $18 billion in deposits across four states.

A little inspiration and a little extra investment has earned the a former Trico plant that is now part of the Buffalo Niagara Medical Campus a rare environmental distinction. The Thomas R. Beecher Jr. Whalen, McGovern Innovation Center is the first building in the state outside New York City to gain "core and shell" LEED designation. The honor recognizes the building's use of environmentally safe products and its energy efficiency. It stands as a challenge to other rehabilitation projects in the region.

Benderson Development Co. is seeking approval to build a two-story fitness center near its Delaware Consumer Square project in North Buffalo. The 45,000-square-foot facility would be in the Elmwood-Hertel area.

Who is getting hired, promoted and honored?

A little moonwalk, anyone?


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