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Jonathan D. Epstein

Jonathan Epstein is a business reporter at The Buffalo News, where he covers commercial and residential real estate and development. He has worked at The News since 2004.


Buffalo

One of the region's elite private schools is seeking to add a two-story gymnasium and fitness facility to its Buffalo campus. Nardin Academy wants to construct a 20,700-square-foot addition to the current school building at 135 Cleveland Ave. Plans call for the addition to include a full-size gym, a fitness center, a wellness center, two locker rooms, athletic offices, …

Amherst

The president and owner of an online consumer electronics store has acquired the former Tuxedo Junction warehouse and showroom in Williamsville for nearly $1.8 million. Mark Yin, president of Techfrys Corp., bought the 46,000-square-foot building at 120 Earhart Drive from Lindrew Properties. The seller is controlled by Barry Snyder, founder and former owner of the tuxed…

Business

Neighborhood Health Center has completed the move of its Southtowns Women's Group to a larger facility in Hamburg, occupying the former Lifetime Health Medical Group's location on Elmview Avenue. The nonprofit federally qualified health center opened its new facility in a 12,000-square-foot building at 151 Elmview, increasing the size of its office, while enabling it to…

Buffalo

The Episcopal Church Home & Affiliates hopes to start work by late spring of 2019 on its project at the former Church of the Ascension in Buffalo, once it gets through procedural hurdles to obtain a package of state tax credits to support the effort. The arm of the Episcopal Diocese of Western New York wants to transform the sandstone church at 67 North St. and 16 L…

Business

Anyone who has shopped for a house in Buffalo knows just how hard it is to find one these days. Open houses are packed. Informal auctions with deadlines for offers are common. Bidding wars are becoming accepted by many would-be buyers. And prices have soared – all because there simply aren't enough homes on the market to meet the demands and standards of buyers. W…

Buffalo

The city agency that oversees the Buffalo Building Reuse Project is considering extending two low-interest loans totaling $1.5 million to a pair of separate redevelopment projects by Nick Sinatra and Scott Croce. The two projects – Sinatra's Heritage Point on the South Aud Block of Canalside and an Allentown redevelopment by Croce's LeoStrong – are each seeking $750,000…

Business

Howard Hanna Real Estate Services has invested more than $6 million in the last 12 months in new analytic technology and partnerships, designed to more precisely pinpoint the pricing, condition and characteristics of the most desirable houses for sale, its president said. The new technology allows managers and agents to study market trends more closely, identifying the …

Business

Nick Sinatra is confident in the quality of his family's restaurant, especially after building its new home on Kenmore Avenue. "Not only do we have the best food in town, but we have the nicest building in town," he joked recently to a group of commercial real estate agents and developers. It might also be the cleanest. But it didn't start out that way. The site a…

Buffalo

Just weeks after Artone's Pizza & Subs reopened for business in South Buffalo, its Seneca Street building has been acquired by the fast-growing Hook & Ladder Development. The trio of firefighters-turned-developers paid $150,000 this week to buy the two-story building at 1880 Seneca from Ellicott Development Co.'s 3871 Group LLC. The 3,751-square-foot building si…

Buffalo

The owners of the troubled Monarch 716 student-housing complex near SUNY Buffalo State are trying to stave off an imminent foreclosure on their project, asking a judge in Buffalo to give them more time to negotiate "alternative financing" that would pay off their loans and liens on the property. Thomas Masaschi, one of the principals behind Rochester-based developer DHD…

Buffalo

As construction crews seek to finish work on the new Labatt House building in the Cobblestone District, Pegula Sports & Entertainment is getting ready to put up the brightly lit signs that will proclaim it as the new home of Labatt USA, a test brewery and a restaurant. But first, the company owned by Terry and Kim Pegula needs approval from the Buffalo Preservation …

Buffalo

New tenants of Paul Kolkmeyer's Marin Building in downtown Buffalo will get an extra amenity to go with their newly renovated home: a rooftop view. Kolkmeyer's Priam Enterprises wants to construct a new terrace on the roof of the 17-story building at the corner of Main and Seneca streets, providing residents with views of both downtown Buffalo and Lake Erie. The deve…

Business

A Detroit-area real estate investment trust specializing in retail properties has acquired a Mavis Discount Tire location on Sheridan Drive in Tonawanda, paying $1.19 million. Agree Realty Corp. of Bloomfield Hills, Mich., through Agree Stores, bought the 0.58-acre site at 2593 Sheridan Drive from NLF TS Tonawanda. Located at the southwest corner of Sheridan and Park…

Business

Airport Plaza, the Cheektowaga retail strip center on Union Road that houses part of Airport Plaza Jewelers, has been acquired by a local investor. Sanad Shaibi, through Almozy Inc. of Buffalo, paid $1.025 million to buy part of the 2.38-acre plaza at 4210-4226 Union from the Maplewood Group of Oakhurst, N.J. The 31,620-square-foot neighborhood shopping center, which…

Business

A new La Quinta budget hotel will be opening in Lackawanna next month, after two new hotel operators bought a former Best Western from the previous owner 11 years after it was built. The Inn at the Outer Harbor, previously called the Best Western Plus Inn of Lackawanna, is undergoing a renovation that will convert the three-story facility at 2500 Hamburg Turnpike into t…