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Amherst

Michael and William Huntress' Acquest Development has acquired a pair of apartment complexes in Amherst and Depew from an Amherst investor family for $4.7 million. Acquest, through Park Ridge Amherst LLC, paid $3.1 million in late May to buy the Park Ridge Apartments at 265-285 Scamridge Curve from AJF Leasing Inc., led by Judith Ferrentino. The 64-unit multifamily comp…

Buffalo

There's apparently a lot of money to be made in leasing office space to government agencies. A Washington, D.C.-based real estate investment trust has completed its purchase of downtown Buffalo's prominent Niagara Center building, paying $89 million for the eight-story facility at 130 S. Elmwood Ave. That's one of the highest prices paid for a single property in West…

Buffalo

A Buffalo manufacturer of chocolate-making molds, packaging and machines is getting a $1.12 million low-interest loan through an Erie County Industrial Development Agency affiliate so it can expand its showroom and add production equipment. The Buffalo and Erie County Regional Development Corp. will extend the 7.5-year, 4 percent loan to Tomric Systems, which is owned a…

Buffalo

Douglas Jemal, the Washington, D.C., real estate developer who is trying to bring One Seneca Tower back to life, has added to his holdings in Buffalo with the purchase of an old industrial building in Riverside. Jemal's Douglas Development Corp. paid $525,000 last week to buy the River Rock Industrial Incubator complex. That's a 95,000-square-foot facility at 175 Rano S…

Buffalo

The Erie County Industrial Development Agency has approved a sales tax break totaling $65,625 for Acquest Development Co.'s expansion project for a Black Rock maker of plastic chocolate molds. Tomric Systems, which also makes food packaging and distributes chocolate handling equipment throughout the United States and Canada, currently occupies 30,149 square feet in the …