The Buffalo Chronicle
Commercial Real Estate
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Fantasy Island is still for sale, and Grand Island is waiting to learn what comes next
Seven weeks after the former Fantasy Island site was listed for just under $5 million, no buyer has been announced. Grand Island’s supervisor says the town can only make introductions, and some…
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Rich Products cuts 60 Buffalo jobs in a global overhaul while it keeps building on Niagara Street
Rich Products is eliminating about 60 Buffalo jobs in a global restructuring that will see roughly 380 people leave, even as it keeps investing in its Niagara Street campus and the historic…
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Carl Montante, a UB Law alum who practiced law ‘for about a week,’ enters the WNY Business Hall of Fame
Uniland founder Carl J. Montante, a 1967 UB Law graduate, was inducted into the Western New York Business Hall of Fame on Oct. 14. His company is still building, and protesters are…
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With Templeton Landing back in city hands, Buffalo weighs a plan for the whole Erie Basin Marina
The Buffalo Urban Renewal Agency controls the Templeton Landing parcel for the first time since 1982. Mayor Sean Ryan says the city will plan the marina area as a whole before seeking…
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Fashion Outlets of Niagara Falls loan goes back to a special servicer after reaching maturity
The roughly $74 million mortgage on the Town of Niagara outlet mall matured this month and moved to Midland Loan Services, months after the Niagara County IDA approved a 10-year tax deal…
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M&T’s profit slips as rising rates bite, and its finance chief warns mortgages and commercial real estate will feel it next
Buffalo’s hometown bank earned $775 million in the third quarter, down from $818 million. On the earnings call, CFO Daryl Bible said higher rates will slow home lending and could push more…
