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Jonathan D. Epstein

Jonathan Epstein is a business reporter at The Buffalo News, where he covers real estate and development. He formerly covered banking and insurance, and has worked at The Buffalo News since January 2004. He is a graduate of the University of Rochester and Columbia University Graduate School of Journalism, and is an upstate New York native.


Buffalo

An East Side Baptist church is going to double the size of its William Street facility, transforming its existing space into a multipurpose area while adding a new sanctuary for growing attendance. First Calvary Missionary Baptist Church received approval Monday from the Buffalo Planning Board to construct a two-story, 16,658-square-foot sanctuary in back of the existin…

Buffalo

Fifteen feet. That's about the length of the conference room table that the Buffalo Planning Board sits around. And that's all that may separate Ciminelli Real Estate Corp. from its opponents over the developer's scaled-back plan for its new Waterfront Village residential project. After four years of design work and revisions, negotiations with the city and discussio…

Buffalo

The federal conviction of Louis P. Ciminelli on wire-fraud charges could create more caution on the part of contractors in dealing with government bidding, leaders from various companies said Friday. The local developers and contractors said the jury verdict — along with testimony from the four-week Buffalo Billion trial that included emails and witness statements about…

Buffalo

Uniland Development Corp. is no longer working with Blue Cardinal Capital on its project at the Elmwood Avenue and Hertel Avenue intersection, although officials said the pair plan to collaborate again in the future. The developer and private real estate investment firm had teamed up in 2016 on a plan to redevelop the northwest and southwest corners of the intersection,…

Business

Two of Western New York's largest privately owned custom homebuilders are teaming up to develop land and new residential communities, starting with the next phase of development at Clarence's Spaulding Green. Forbes Capretto Homes and Essex Homes of WNY said their new joint venture will begin with 21 cul-de-sac lots in the sprawling high-end neighborhood, located off Gr…

Buffalo

A global title insurance company is seeking to relocate its downtown Buffalo office to better accommodate its growth. Stewart Information Services Corp., parent of Stewart Title Insurance Co., has launched a search for new real estate options in the city. It hired CBRE Buffalo to handle the process. The firm is located in a three-story, gray-and-white building at 130…

Buffalo

Canadian real estate investor and developer Harry Stinson has completed his long-awaited purchase of the Adam's Mark Hotel in downtown Buffalo, saying he paid $17 million for the Church Street structure. Nearly a year after signing a purchase contract –and more than nine months later than anticipated – Stinson, through Buffalo Grand Hotel Inc., acquired the 484-room hot…

Buffalo

Fannie Mae is seeking to foreclose on the Towne Gardens residential community just east of downtown Buffalo after its Brooklyn-based owner defaulted early this year on an $11.5 million loan. According to documents filed in state Supreme Court in Erie County, the national mortgage finance company – known as a government-sponsored enterprise – is asking to seize the 360-u…

Buffalo

Ellicott Development Co. wants to tear down two dilapidated two-family homes on West Delavan Avenue, adjacent to one of its projects on Elmwood Avenue, with a goal of eventually rebuilding the properties. The Buffalo-based developer is seeking approval from the Buffalo Preservation Board to demolish the two structures at 619-621 West Delavan. It then plans to replace th…

Amherst

A Canadian health-focused real estate investment trust has acquired an Amherst medical office building located just a stone's throw from Millard Fillmore Suburban Hospital. Toronto-based Mohawk Medical Properties, through Mohawk Medical Acquisitions Canada II, bought the East Amherst Medical Building at 1150 Youngs Road from 1150 Youngs Road Inc., paying $7.732 million,…

Business

An Orchard Park property containing the Peregrine Senior Living community and memory care facility has been sold to a Michigan-based private-equity investment manager for less than half of its sale price less than six years ago. Valstone Asset Management of Birmingham, Mich., acting through VS Orchard Park LLC, paid $6.65 million to acquire the 4.49-acre complex at 101 …

Business

Joan Smith was tired of house-hunting. The 39-year-old schoolteacher and her husband, Paul, had been searching for a new home in the suburbs last year, dragging their two young kids around with them through Lancaster, Clarence and Tonawanda. They had already looked at about 20 homes and lost out a couple of times when their bids came up short. So when they found a ho…

Buffalo

Labatt USA this week began carting in and installing shiny stainless steel brewery equipment for its new beer-making operation in downtown Buffalo, marking another major step in converting a historic former industrial building into a lively new mixed-use facility. Part of Perry Street was blocked off Monday, as three flatbed trucks loaded with a variety of machinery pul…

Buffalo

Two schools – a charter school and a college – are looking to refinance some of their bonds issued by the Erie County Industrial Development Agency to lower their interest expenses. Global Concepts Charter School is asking the Erie County Industrial Land Development Corp. – an ECIDA affiliate – to issue $7.7 million in new tax-exempt bonds. The proceeds would be used to…

Buffalo

Rochester-based marketing and communications firm Dixon Schwabl has signed a four-year lease for a new office in downtown Buffalo's Electric Tower. As of early July, the women-owned company will take up the entire 11th floor of the iconic building owned by Iskalo Development Corp., located at 535 Washington St. The 2,700-square-foot office will initially be staffed by s…