Share this article

print logo
Amherst

Two area budget hotels in Amherst and Hamburg have new owners, after a pair of deals totaling nearly $5 million in value. Kishor H. Patel and Jaimina Patel – who are not related – paid $2.725 million through 4400 Maple LLC to acquire the Motel 6 at 4400 Maple Road in Amherst. The seller was G6 Hospitality Property of Carrollton, Texas, which is the parent company of the…

Life Storage, the publicly traded self-storage company based in Amherst, has acquired a City of Tonawanda property housing one of its facilities. The company paid $1.81 million to purchase the property at 555 Young St. from 93 NYRPT LLC, an affiliate of Benderson Development Co., according to documents filed with the Erie County Clerk's office. The 1.58-acre property…

Amherst

Nick Sinatra, one of the region's newest and fastest-growing developers, is slimming down around the edges of his portfolio as he seeks to refocus his energy on larger projects. The owner of Sinatra & Co. Real Estate has sold off about 10 properties in and around Buffalo in the past two months, including three in Tonawanda, Amherst and Elma. That's a significant num…

Business

A New Jersey investment group has acquired a group of nine multifamily apartment properties in Buffalo from a suburban Washington, D.C., nonprofit housing developer, paying $5.36 million in the largest of a slew of recent deals. Bridgeton Property Holdings of Audubon, N.J., bought the properties – mostly on Whitney and Carolina streets, from Whitney Preservation Housing…

Amherst

A Kenmore general contractor has acquired a warehouse property in the City of Tonawanda from the owner of a now-defunct former machine shop business. Paul Deck, owner of P&D Construction on Military Road, paid $700,000 through JEP Amherst 1354 LLC to buy the two-acre industrial property at 330 East Niagara St. from E.B. Trottnow Machine Specialities, led by Presiden…

Buffalo

Buffalo city officials say they are now finalizing real estate deals on more than a dozen sites as part of a host of redevelopment projects that will generate more than $8 million in sales value in the coming months. The city took possession of the properties at different times and for various reasons, including tax foreclosures and other seizures through the new land b…