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In the News

Apr 2020

Assessments, NYS, and taxing authorities

In January, the Town of Sweden was notified by the NYS office of Real Property Services that our residential properties were significantly underassessed. I undertook adjustments based on NYS’s requirements. Then COVID-19 struck. I waited a couple of weeks later than normal this year to send out assessment notices because I believed that the Governor …

Apr 2020

AlesSandviches | 6277 Robinson Rd | Lockport

INVESTMENT HIGHLIGHTS Fully Equipped Fast Food Restaurant and Ice Cream Parlor 1.2 acre lot 50 car parking Free Standing Block and Brick 3662 sq ft EXECUTIVE SUMMARY Restaurant, free-standing, high quality, block and brick construction, drive-through, fully equipped, turnkey. Owner is selling the building fully equipped as a fast food restaurant & ice cream destination. …

Apr 2020

Selling Homes in the Age of Coronavirus

Q: How are you selling homes while maintaining safe practices during the coronavirus pandemic? Colette Harron Realtor at William Pitt Sotheby’s International Realty in Essex, Conn. Up until last week, I was still having showings. I wiped down my car with alcohol every time before I got into it. I used a scarf to put …

Apr 2020

Shake Shack Returns $10 Million Loan After Small Business Relief Program Runs Dry

Shake Shack is returning a $10 million federal loan to be distributed to other struggling businesses after the fast food chain secured additional funds. The restaurant announced it was returning the loan on Sunday after the $350 million Paycheck Protection Program (PPP), authorized by Congress to sustain businesses struggling during the coronavirus pandemic, ran dry …

Apr 2020

Home Sales Increase Year-Over-Year Despite Expected Monthly March Sales Decline Due to Impact of COVID-19

Existing-home sales fell in March following a February that saw significant nationwide gains, according to the National Association of Realtors®. Each of the four major regions reported a dip in sales, with the West suffering the largest decrease. Total existing-home sales,1 https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, dropped 8.5% from …

Apr 2020

Developer Douglas Jemal buys bigger mansion on Nottingham

Washington developer Douglas Jemal is spending so much time in Buffalo with his various projects that he needed a bigger home. The founder and CEO of Douglas Development Corp., which owns Seneca One tower in downtown Buffalo, put down $1.425 million on Tuesday to buy a five-bedroom mansion on Nottingham Terrace, a block from the …

Apr 2020

M&T Bank’s Jones sees region rallying against Covid-19

M&T Bank chairman and CEO Rene F. Jones knows the region is facing tough times with the Covid-19 pandemic. But he is also encouraged that the community is rallying to overcome the challenges. “You see it with the not-for-profits coming out the woodwork to try to help in any way they possibly can,” Jones said …

Apr 2020

CTG considers sale of Knox Mansion HQ on Delaware amid Covid-19 impacts

Computer Task Group is considering selling its Buffalo headquarters for a profit after receiving several unsolicited offers to purchase the Knox Mansion on Delaware Avenue, the company said Tuesday, as it also announced lower revenues amid the Covid-19 pandemic. The technology and staffing firm said it had been approached more than once during the first …

Apr 2020

With many businesses closed, landlords worry about missed rent payments

Business has ground to a halt at the Delavan Station retail building on Main Street in Buffalo – and the site’s manager is worried. “They’re all closed,” said Robert Marcus, who manages the building at 1832 Main St., across from Canisius College. “Nobody’s got money, so rents are coming to a standstill.” Most of the …

Apr 2020

Town of Lockport is upholding its ‘fair value’ pledge

In New York the timing of real property assessments and the “grievance” process are set by state law. Despite the current crisis, the state has not changed the dates this year, which means that notices of change of assessment are in the mail now. We at the Town of Lockport recognize that the timing couldn’t …

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