Share this article

Business

print logo
Real Estate Transactions

Following are real estate transactions over $5,000 as listed in records of the Erie County clerk’s office for the week ending April 19. AKRON • 27 Morgan St., Gregory A. Brown; Brown Susan B to Icp Realty Corp, $95,000. ALDEN • 11239 Kieffer Road, Daniel R. Hanna to Arlene Zielinski, $188,000. • 1094 Exchange St., Raymond R. Markwardt; Raymond R. Markwardt Jr.; Ed…

Local News

The company that makes Bubble Wrap and other packaging materials has paid $4.1 million for an industrial property on Grand Island. Sealed Air Corp. of Charlotte last week acquired the 20.6-acre property at 300 Lang Blvd., next to the I-190 near Bedell Road and Grand Island Boulevard, from R.R. Donnelley & Sons, the communications and printing giant, according to pub…

Buffalo

An Elmwood Village activist and frequent critic of development projects says the Gates Circle area isn't the blighted neighborhood that the city says it is, so he's suing to stop a developer from getting tax breaks on a major revitalization project there. Daniel Sack is suing the Buffalo Common Council in State Supreme Court, challenging its April 16 designation of the …

Local News

Amherst is ready to seek state permission for a future exchange of town parkland that would make way for development in the area near the town's Northtown Center athletic facilities and preserve most of the former Westwood Country Club as green space. The Town Board on Monday will hold a public hearing and a vote on whether to begin that process, known as alienation, Su…

Barge Brewing Co., which formerly operated a microbrewery and restaurant in Medina, has signed a contract to buy a longtime diner in Wheatfield as a new location for its business. Barge Brewing presented a sketch plan Wednesday for acquiring the Meeting Place, 2469 Niagara Road in the hamlet of Bergholz, and the adjacent former Bergholz Fire Co. hall, said Walter D. Gar…

Buffalo

Shea's Performing Arts Center is taking the first steps toward putting up a five-story addition to its primary theater to make it more accessible by adding two new elevators, expanded concessions and more office space. The organization that operates Shea's Buffalo Theatre wants to put the structure on a parking lot at 439 Pearl St., just south of the theater building an…

Buffalo

Say Yes Buffalo moved a $1 million closer to its goal of raising enough money to provide kids of Buffalo free tuition at state colleges and universities for generations to come. The nonprofit on Friday announced a $1 million gift from the Jacobs family, owners of Delaware North, the global food service and hospitality company headquartered in Buffalo. It’s the second…

Business

The McKinley Mall has slid further into decline. The mall's collateral value has been reduced again, this time to $11.5 million, according to real estate advisory firm Trepp, which cited May servicer data. That's a long way down from the $56.5 million it was appraised at just six years ago. The mall serves as collateral behind a $34.6 million loan that was secured…

Business

You know what they say: Buying counterfeit goods is not a victimless crime. Yeah, that statement probably deters as many people as the old FBI warnings you used to see before movies on VHS rentals. Why would consumers pass up deals on the things they want just because it might hurt a giant company's bottom line? Well, consider this. Buying fake stuff puts you at risk…

Buffalo

Nearly four years after it received approval the first time for a new industrial warehouse that never got built, Ellicott Development Co. is bringing back its Dingens Street proposal for the city's consideration – with a few changes. The Buffalo-based developer wants to put up a 90,207-square-foot, single-story warehouse at 246 Dingens, at the corner of James E. Casey D…

Business

George Mateyo, Key Private Bank's chief investment officer, was visiting Buffalo and chatting with someone whose business installs fiber optic cable. The installation business was brisk, he was told. "The fact that there is demand for that – new construction, new buildings – says to me that things are probably pretty good," Mateyo said. It was just an anecdote, but M…

Business

Today's homebuyers are a lot different than those of the past. Gone are the days when first-time buyers were mostly married, with kids, and had previously rented. No longer is it as easy or desirable to borrow from banks for everything, instead of saving up or getting help from family for a down payment. And instead of getting away from family and moving to the ci…

Business

Global Concepts Charter School will formally break ground May 23 on its "Green Space Initiative" to convert an unused portion of its Ridge Road property behind the school into a natural park with athletic facilities, a playground and educational programming. The 12-year-old Lackawanna charter school previously used its parking lot for a fenced-in playground, alongside f…

Amherst

Homebuilder Essex Homes of WNY has broken ground on a 48-unit housing development near North French Road in Amherst. Located at 2350 Sweet Home Road, near North Ellicott Creek Road, the Villas at Essex Woods will consist of 14 separate buildings with a total of 48 three- and four-unit villas. The project features two distinct open floor plans, with 2.5 bathrooms and eit…