Quantcast
Channel: The Buffalo News - Business
Viewing all 8221 articles
Browse latest View live

Hamburg stamping plant expected to benefit from Ford’s $682 million investment in Ontario factory

$
0
0
Ford Motor Co. is investing $682 million (U.S.) in its Oakville, Ont., assembly plant, a decision expected to benefit its stamping plant on Route 5 in the Town of Hamburg.

The Hamburg plant has close ties with the Oakville site, stamping metal body parts for the Ford Edge and Flex and the Lincoln MKX and MKT assembled at the plant outside of Toronto.

Ford says the new investment in Oakville will secure more than 2,800 jobs at the plant and expand its manufacturing capability. Joe Hinrichs, Ford’s president for the Americas, said in a statement the investment “is positioning Oakville as one of the most competitive and important facilities in the Ford system.”

The automaker will bring “several new global models” of vehicles to the plant to meet demand from customers in North America and elsewhere, he said. Hinrichs did not elaborate, but new vehicles assembled at Oakville could generate more demand for body parts from Hamburg, based on the two plants’ longtime connection.

The investments in the Oakville plant will allow the site’s production to adapt quickly to changes in consumer demand, Ford said. The work is under way and is expected to be completed by fall 2014.

Meanwhile, the Hamburg plant is capitalizing on the $136 million investment that Ford pledged as part of the labor contract with the United Auto Workers that was ratified in October 2011. The Hamburg plant is a key part of the region’s auto manufacturing industry.

The plant is upgrading three press lines, with three additional lines to be upgraded in the next six months, said Patrick Radtke, president and chairman of UAW Local 897, which represents hourly workers at the site.

A new door line has been installed, and eight more subassembly lines are due to be installed by the first quarter of 2014, he said.

Radtke noted that Ford had brought back workers who were laid off after the closing of a Ford factory in St. Thomas, Ont., which was another site the Hamburg plant had supported.

“Things are looking up,” he said.

Radtke said the Hamburg plant is also hiring more workers but that he could not comment on specific numbers. New jobs will be added incrementally, he said.

The Hamburg plant has 492 hourly and 73 salaried employees, said Kristina Adamski, a Ford spokeswoman. She declined to comment on planned new hiring.

When the new investments for the Hamburg plant were disclosed in fall 2011, elected officials at the time said they expected the labor agreement to lead to 120 laid-off workers’ being rehired and 400 new jobs’ being created.

Arthur Wheaton, an automotive industry expert with the Cornell University School of Industrial and Labor Relations in Buffalo, called the Oakville investment “great news” for the Hamburg plant.

The Hamburg site benefits from its location as the closest stamping plant to the Oakville assembly plant, Wheaton said. The proximity means Ford can save money on shipping costs and minimize the risk of parts being damaged in transit.

Wheaton said it is not guaranteed the Hamburg plant will get the work to support new vehicles at Oakville – plants within the system have to bid on it – but he sees the Route 5 plant as well-positioned. Along with proximity, Wheaton said, the plant benefits from the reputation of its workforce and its long relationship with the Oakville plant.

Most Ford plants have their assembly and stamping plants integrated, so the Hamburg-Oakville arrangement, with roughly 80 miles between the two factories, is an unusual one for the automaker, Wheaton said. But he said it is a “big word of praise” for the Hamburg plant that it has endured and continued to gain work even as a standalone operation.

“As long as they can maintain a competitive process and there’s a reliable [international] border, that’s a good thing,” he said.

email: mglynn@buffnews.com

JPMorgan Chase acknowledges ‘mistake,’ will pay $920 million in fines

$
0
0
WASHINGTON – JPMorgan Chase & Co. will pay $920 million and has admitted that it failed to oversee trading that led to a $6 billion loss and renewed worries about serious risk-taking by major banks.

U.S. and U.K. regulators said Thursday that the largest U.S. bank’s weak oversight allowed traders in its London office to assign inflated values to transactions and cover up huge losses as those losses ballooned. Two of the traders are facing criminal charges of falsifying records to hide the losses.

The combined amount JPMorgan is paying three U.S. regulators and the U.K. Financial Conduct Authority adds up to one of the largest fines ever levied against a financial institution.

The Securities and Exchange Commission fined the bank $200 million and required a rare admission of wrongdoing. The Federal Reserve Board imposed a $200 million penalty, while the Office of the Comptroller of the Currency set a $300 million fine. The British regulator fined the company $220 million.

The U.S. Justice Department is still investigating the bank for possible criminal violations.

The SEC said that the breakdown in supervision stretched beyond the trading operations to the bank’s top executives.

“JPMorgan’s senior management broke a cardinal rule of corporate governance: Inform your board of directors of matters that call into question the truth of what the company is disclosing to investors,” said George Canellos, co-director of the SEC’s enforcement division.

New York-based JPMorgan called the settlements “a major step” in its efforts to put its legal problems behind it. The bank said it cooperated fully with all the agencies’ investigations and continues to cooperate with the Justice Department in its criminal prosecution of the former traders.

“We have accepted responsibility and acknowledged our mistakes from the start, and we have learned from them and worked to fix them,” JPMorgan CEO Jamie Dimon said in a statement. “We will continue to strive towards being considered the best bank – across all measures – not only by our shareholders and customers, but also by our regulators.”

The trading loss that surfaced in April 2012 shook the financial world and damaged the bank’s reputation. JPMorgan was one of the few financial institutions to come through the 2008 financial crisis without suffering major losses. The settlement comes just days after the five-year anniversary of that crisis.

The huge loss at JPMorgan raised concern about continued risk-taking by Wall Street banks and questions of whether the financial industry had learned the lessons of the meltdown.

Three employees in the London office – two senior managers and a trader – were fired. The episode also led to the resignation of Ina Drew, the former chief investment officer overseeing JPMorgan’s trading strategy.

Federal prosecutors in New York filed criminal charges last month against Javier Martin-Artajo and Julien Grout. Martin-Artajo supervised the bank’s trading strategy in London, and Grout, his subordinate, was in charge of recording the value of the investments each day. They were charged with conspiracy to falsify books and records, commit wire fraud and falsify filings to the SEC. They also were charged separately in an SEC civil complaint. Both traders have denied any wrongdoing.

Their colleague Bruno Iksil, a trader known as the “London Whale” for the outsize bets he made that could roil markets, had his name associated with the embarrassing loss. No charges were laid against him.

Erie County 12th nationally on list of ‘gems’ for owning single-family home rentals

$
0
0
Erie County ranked among the 25 best “overlooked” markets for owning a single-family home rental in the country, along with most upstate New York metro areas.

The ranking by two real estate research firms is based on how profitable a rental home can be as an investment.

The study by RealtyTrac and RentRange put Erie County 12th in the nation among the 25 “Hidden Gem Single Family Rental Markets” for property investors.

With a median market value in August of $110,000 for a three-bedroom home, and a median monthly rent of $904, that means the county has a “gross rental yield” – the expected return on investment on a rental property before taxes, maintenance fees and other costs – of 9.9 percent.

By comparison, the highest-ranked market on the list – Wichita County, Texas – had a yield of 13.4 percent.

The large national private equity firms and other institutional investors – such as the New York-based Blackstone Group – that have been swooping into some markets to capitalize on the housing recovery have ignored Western New York and similar markets where values didn’t fall as much in the recession and aren’t rising as much now.

Indeed, counties across upstate New York, as well as in Texas, Oklahoma, Tennessee and Florida, topped the list. Onondaga County, home to Syracuse, was ranked third nationwide, with a 10.9 percent yield. Tompkins County, where Ithaca is located, was fifth, at 10.7 percent, while Rochester’s Monroe County was seventh, at 10.3 percent. Schenectady County was just ahead of Erie, at 10 percent.

Erie County was tied with Jefferson County, La., on the rental yield. But the market value and median rents are much higher in Jefferson County, at $153,000 and $1,260, respectively. Also, while Erie County had absolutely no purchases by large institutional investors, 3 percent of Jefferson County’s sales were by large national investors, and the unemployment rate at the time of the survey was slightly higher in Erie County, at 7.4 percent.

Gross rental yield allows comparisons of rental properties and markets across geographies. It’s calculated by dividing the gross annual rental income by the purchase price or market value. That equalizes significant pricing differences from one part of the country to another and allows investors to find markets with the best deals and potential opportunities.

“Real estate investment opportunities vary greatly market by market,” said Wally Charnoff, CEO of RentRange.

The report was compiled by Irvine, Calif.-based RealtyTrac, a housing data research firm known for its monthly and quarterly reports on foreclosures, and Westminster, Colo.-based RentRange, which provides residential rental market data to the financial services and real estate industries.

The 25 markets were all counties where institutional investor purchases represented 5 percent or less of all sales in May, June and July, and where the unemployment rate was 7.5 percent or lower.

“Buying single-family homes as rentals still yields solid returns in many markets across the nation, but it is difficult for individual investors and even small- to medium-size institutional investors to find reasonably priced inventory in markets dominated by the 800-pound gorillas in the single-family rental space,” said Daren Blomquist, vice president at RealtyTrac. “With this analysis, we’ve identified the top overlooked markets where single-family rentals still make good financial sense but where there is little to no competition from the big players.”

By contrast, larger investors were responsible for more than 5 percent of the market in one out of every five counties for the three months through July. That heavy buying, which sellers are well aware of, drives prices up, “leaving small investors and owner-occupiers feeling left out in the cold,” said RealtyTrac Chief Economist Jake Adger.

“These levels of institutional investor buying will ultimately drive prices up and rental yields down,” Adger said.

Atlanta-area counties dominated the list of Top 25 “investor-saturated” single-family rental markets, where purchases of homes by institutional firms comprise as much as half of all residential transactions. The first six counties on that list were all in the Atlanta metro area.

email: jepstein@buffnews.com

U.S. home sales hit 6½-year high

$
0
0
WASHINGTON – U.S. home sales rose last month to the highest level since February 2007 as buyers rushed to close deals before mortgage rates increased further.

Yet the gain could represent a temporary peak if higher rates slow sales in coming months.

Sales of previously occupied homes rose 1.7 percent to a seasonally adjusted annual rate of 5.48 million in August, the National Association of Realtors said Thursday. That level is consistent with a healthy market.

August sales reflect contracts signed in June and July, when mortgage rates were rising steadily. The Realtors group cautioned that buyer traffic dropped off significantly in August. That points to fewer sales in the fall.

Higher rates could also depress homebuying next year, the Realtors group said. The group forecasts that sales will average 5.2 million in 2014. That’s still better than the 4.19 million sales in 2010, when the housing market bottomed.

“We should expect some giveback in sales over the next several months,” said Thomas Feltmate, an economist at TD Economics.

The Buffalo Niagara Association of Realtors has not yet released August data for Western New York. But home sales in July soared 21.8 percent to 1,153, the highest tally for any month since mid-2010.

Steady job gains and low mortgage rates have fueled a recovery in housing since early last year. But rates have risen since May and have begun to restrain housing’s rebound.

The average rate on a 30-year fixed mortgage was 4.57 percent last week, near a two-year high and more than a full percentage point higher than in May.

That’s when Federal Reserve Chairman Ben Bernanke suggested that the Fed could soon scale back its $85 billion-a-month bond purchase program, which is intended to keep interest rates low.

Wednesday, in a surprise move, the Fed decided against reducing its bond purchases. It said one key reason for its decision was the sharp increase in mortgage and other interest rates. Pulling back on its bond purchases could have sent such rates even higher.

Many economists say the housing recovery should withstand the recent rate increase. Mortgage rates are still quite low by historical standards.

“While higher mortgage rates are likely to temper existing home sales over the coming months, it by no means will derail the housing recovery,” Feltmate said.

Other figures in the report were mixed. “Distressed” sales, which include foreclosures and homes with mortgages that exceed the home values, made up just 12 percent of sales. That was down from 23 percent a year earlier.

That means that traditional sales have risen 31 percent in the past year, said Paul Diggle, an economist at Capital Economics.

At the same time, potential homebuyers, particularly first-time purchasers, still appear to have difficulty qualifying for loans.

All-cash sales accounted for 32 percent of purchases, up from 27 percent a year ago. First-time buyers made up only 28 percent of sales, down from 31 percent a year earlier.

First-time buyers usually propel housing recoveries. But in recent years, they’ve struggled to meet higher credit standards. Many lenders also now require higher down payments.

The supply of available homes remains tight, the Realtors group said. There were 2.25 million homes for sale last month, down 6 percent from a year earlier.

Rising prices could encourage developers to build more homes. Last month, builders broke ground on the most single-family homes since February and sought the most permits to build those homes in more than five years.

Local manufacturers stayed busy in August

$
0
0
The growth spurt by local manufacturers stretched into its sixth month during August, but the pace of the expansion cooled a bit, a local purchasing managers group reported.

With the flow of new orders to local factories remaining robust and hiring on the upswing, manufacturers in the Buffalo Niagara region continued to grow last month, even as the pace of overall production increased a little more slowly.

While a new survey of local purchasing managers found that growth rates had slowed from the one-year high set during July, the pace of the expansion at the region’s factories still was the second-highest since that July 2012 peak.

Jay K. Walker, the Niagara University economist who compiles the report, said the survey shows that local factories have been growing faster than a comparable nationwide index for the last six months – a notable turnaround from the general weakness that the region’s manufacturers endured during the late summer of last year through the late winter of this year.

The National Association of Purchasing Management – Buffalo said its index of business activity at local factories show growth cooled during August but still managed to extend a growth streak that begin in March. The group’s index eased to 57.2 last month from 61.4 during July, as new orders and employment strengthened and commodity prices took a rare downward turn. An index reading of more than 50 signals growth.

But those gains were partly offset by slower production growth, as two of every five managers surveyed reported declining output at their companies during August – double the July level. That pushed the group’s production index down to 57.2 from the nine-year high of 73.4 it set during July.

The flow of new orders strengthened for the second straight month, with the group’s order index rising to a four-month high of 64.3, mainly because fewer firms reported a drop in their overall order flow.

Local factories added to their work forces for the third straight month, increasing the pace of that hiring slightly. The group’s employment index improved to 59.8 from 54.9 in July as the percentage of firms adding workers doubled to 40 percent last month from 20 percent in July.

Inventories, which jumped to their highest levels since last summer during May, grew more slowly during August, extending the streak of expanding stockpiles to six months.

The group’s commodity price index reported a decline in prices for the first time in 4½ years, as just 10 percent of the managers surveyed noted an increase in prices during August, down from half in July.

email: drobinson@buffnews.com

American Douglas Metals gets grant to move to Buffalo

$
0
0
American Douglas Metals is getting a $200,000 grant from Empire State Development to help pay for its $2.4 million project to move its aluminum and steel processing operations from the Town of Tonawanda to a much bigger site in Buffalo.

The company, which makes and processes aluminum and steel products for the window and door industry, is expected to complete its move this month from its 30,000-square-foot facility in the Town of Tonawanda to the once-vacant Millcraft factory at 99 Bud Mill Drive.

The move will nearly triple American Douglas’ space. The company had considered relocating from Tonawanda to potential sites in Orlando, Fla., or Atlanta, where the company also has facilities, state officials said.

The project, which is expected to create 17 new jobs, in addition to the 21 employees today, also received $49,000 in sales and mortgage tax breaks through the Erie County Industrial Development Agency this spring.

Town of Tonawanda officials have said the cost of acquiring and demolishing properties next to the company’s Henderson Avenue plant made it too expensive to expand at that location, and no other sites in the town met American Douglas’ requirements.

Another local company, Certified Safety Products of New York, was offered a $240,000 loan through a state program for minority-owned and woman-owned businesses.

The woman-owned company, which makes and installs temporary and permanent traffic signs, plans to make and install permanent traffic signs on the Kensington Expressway in Buffalo as part of a $746,000 project expected to be completed in November 2014.

The state development agency also approved $2 million in funding that will be used to fund a new program that will provide low-interest gap financing to redevelop and improve downtown commercial centers in Western New York.

The program will be administered by the Western Regional Corp., a nonprofit entity established in 1989 to promote economic development that works in conjunction with local industrial development agencies. The project is expected to be completed in April 2017.

State officials said the funding could be used for projects that spur community revitalization projects, reduce sprawl and revive older buildings in downtown settings. The funds also could be used to expand housing, commercial and retail options.

email: drobinson@buffnews.com

State airs warning on rental scams

$
0
0
State officials are warning consumers to be wary of apartment rental scams across the state, in which perpetrators deceive consumers with false promises to secure rental apartments while illegally charging up-front fees, commissions and deposits.

So far this year, the state Division of Consumer Protection has received more than 211 complaints about deceitful real estate agents and apartment information vendors. Of those, 121 were in the New York City area, and the rest were elsewhere in the state.

Officials are monitoring those cases carefully, particularly in areas with a high concentration of potential victims. The state said the scam takes advantage of immigrants and other first-time residents.

Any illegal activities should be reported to the agency at (800) 697-1220, and licensing investigators will be sent out to target certain geographic regions, the agency said in a news release.

“If you feel you have been victimized, we urge you to contact the state’s Division of Consumer Protection to report any impropriety from an apartment broker,” said Marcos Vigil, New York’s deputy secretary of state for business services and consumer protection.

To avoid being victimized, the state urges consumers to:

• Check if the real estate agent or information vendor is licensed in the state, either by calling (518)474-4429 or by going online to https://appext20.dos.ny.gov/nydos/selSearchType.do. All real estate professionals in New York must be licensed and must renew every two years.

• Make sure the property you want is actually for rent.

• Refuse to pay any up-front fee or other money before getting an apartment. Nonrefundable commission deposits are also not allowed, and agents earn commissions only after helping a landlord and tenant reach agreement on a rental. Commissions are also negotiable, not fixed or mandatory.

• Get a receipt for any deposit or payment that you make, and avoid making payments with cash to ensure a paper trail. A deposit or first month’s rent must be kept separate from the agent’s own money, and must be either put into an escrow account to be turned over to the landlord when the transaction closes or must be returned to the renter.

• Ask for copies of all documents related to the rental, and keep them.

email: jepstein@buffnews.com

Revamps for Olive Garden, Red Lobster fall flat as chain reports lower profit

$
0
0
NEW YORK – Darden can’t seem to convince more people to sit down for a meal at its Olive Garden and Red Lobster restaurants.

The company reported a sharply lower quarterly profit on Friday that missed Wall Street expectations, with sales down at its two biggest chains despite ongoing attempts to revamp their menus with lighter, cheaper options. Darden said it would slash costs to prepare for future challenges, in part by reducing its workforce.

It also said that its president and chief operating officer, Drew Madsen, was retiring and would be succeeded by Gene Lee, effective immediately. Lee headed Darden’s specialty restaurants such as The Capital Grille and Bahama Breeze, which had fared relatively better than the company’s flagship chains.

To cut spending by about $50 million a year, the company says it’s reducing its workforce by 80 to 85 positions, as well as making program cuts. A representative said the personnel cuts will not be at the restaurant level.

For the three months ended Aug. 25, Darden said it earned $70.2 million, or 53 cents per share, which was far short of the 70 cents per share analysts expected. A year ago, the company earned $110.8 million, or 85 cents per share.

Sales rose to $2.16 billion, helped by new locations. But that was still short of the $2.19 billion Wall Street expected, according to FactSet.

BlackBerry announces loss of nearly $1 billion

$
0
0
TORONTO – BlackBerry said Friday that it will lay off 4,500 employees, or 40 percent of its global workforce, as it reports a nearly $1 billion second-quarter loss a week earlier than the results were expected.

Shares were halted pending the news and plunged as low as $8.01 when the stock reopened for trading. Shares regained some ground to close down 17 percent at $8.72.

BlackBerry had been scheduled to release earnings next week. But the Canadian company said late Friday afternoon that it expects to post a staggering loss of $950 million to $995 million for the quarter, including a massive $930 million to $960 million write down of the value of its inventory due to increasing competition. Revenue of $1.6 billion is only about half of the $3 billion that analysts expected, according to FactSet. The company’s expected adjusted loss of 47 cents to 51 cents per share falls far below the loss of 16 cents per share projected by Wall Street.

BlackBerry said it wants to slash operating costs in half by the first quarter of 2015 so cutting its global head count to 7,000 total employees is necessary. The company let 5,000 people go last year. “We are implementing the difficult, but necessary operational changes announced today to address our position in a maturing and more competitive industry, and to drive the company toward profitability,” Thorsten Heins, President and CEO of BlackBerry, said in a statement.

The BlackBerry, pioneered in 1999, was the dominant smartphone for on-the-go business people and other customers before Apple debuted the iPhone in 2007. Since then, BlackBerry Ltd. has been hammered by competition from the iPhone as well as Android-based rivals like Samsung.

In January, the company unveiled new phones running a revamped operating system called BlackBerry 10. The much-delayed touchscreen Z10 and keyboard Q10 were designed to better compete for customers and rejuvenate the brand. But the phones failed to turn the company around. BlackBerry’s market share continues to lag its rivals.

BlackBerry said last month that it would consider selling itself. The Waterloo, Ontario-based company reiterated Friday that a special committee of its board of directors continues to evaluate all options. It also seemed to say Friday that it would shift its focus back to competing mainly for the business customers most loyal to its brand. The company said it plans to focus on offering only two high-end devices and two entry-level handsets going forward, with emphasis on the enterprise market. “Going forward, we plan to refocus our offering on our end-to-end solution of hardware, software and services for enterprises and the productive, professional end user,” said Heins. “This puts us squarely on target with the customers that helped build BlackBerry into the leading brand today for enterprise security, manageability and reliability.”

BGC analyst Colin Gillis said he couldn’t understand why BlackBerry would release the earnings late Friday, a week early. “Did you really need to do it 3:15 p.m. on a Friday? Couldn’t you have just waited a week?” Gillis said. “This is the quarter where the wheels really fell off the bus.”

The decline of the BlackBerry has come shockingly fast. Just five years ago, when the first iPhone came out, few thought it could threaten the BlackBerry. Now the very fate of the company is in question with some saying it is over for BlackBerry.

Blackberry, formerly known as RIM, was once Canada’s most valuable company with a market value of $83 billion in June 2008, but the stock has plummeted since, from over $140 share to less than $9. Its decline is evoking memories of Nortel, another Canadian tech giant, which ended up declaring bankruptcy in 2009.

“Our thoughts are with those who have lost their jobs at Blackberry, it is always a cause for concern for our Government,” Canadian Industry Minister James Moore said in a statement.

Stocks drop as investors fret over budget

$
0
0
Washington’s budget fight jolted Wall Street on Friday, reminding it that the next few weeks could bring a lot of uncertainty.

Investors hate uncertainty, and stocks plunged in afternoon sell-off that wiped out all the gains from a rally earlier this week, when the Federal Reserve kept its huge economic stimulus program intact.

Major indexes were mixed in morning trading but turned lower around midday after the U.S. House of Representatives voted to defund President Obama’s health care law.

The vote itself wasn’t a surprise, but it reminded investors that the Republican-led House and the Democratic-controlled Senate are poised for a showdown over federal spending.

The debt ceiling must be raised by Oct. 1 to avoid a government shutdown, and a potential default on payments, including debt, later in the month.

“What we’ve done is basically committed ourselves to two weeks of worry,” said Sam Stovall, chief equity strategist at S&P Capital IQ.

The Dow Jones industrial average dropped 185.46 points, or 1.2 percent, to close at 15,451.09 – 225 points below its all-time closing high reached Wednesday after the Fed’s announcement.

The Standard & Poor’s 500 index fell 12.43 points, or 0.7 percent, to 1,709.91. The Nasdaq composite fell 14.66 points, or 0.4 percent, to 3,774.73.

All 10 industry groups in the S&P 500 fell, led lower by telecom companies and utilities. The S&P also fell Thursday, making this its first two-day decline in almost three weeks.

Until now, September defied the worriers. The stock market has bounced back from an August swoon, despite a calendar loaded with potential rally killers.

Fears of a conflict with Syria have faded, and Wall Street cheered when Larry Summers withdrew his name as a candidate to replace Federal Reserve Chairman Ben Bernanke.

Summers, a former Treasury secretary, was viewed as being more likely to rein in the Fed’s massive stimulus program, which has kept interest rates low and boosted corporate profits.

As Middle East strife recedes from investors’ minds, though, fears of budget gridlock grow.

“Geopolitics ... is much lower on the list. It’s not off the list” of investor worries, said David Darst, chief investment strategist for Morgan Stanley Wealth Management. “No. 1 becomes the debt ceiling and the federal spending debate.”

In corporate news, BlackBerry plunged $1.79, or 17 percent, to $8.72 on the Nasdaq after announcing a loss of nearly $1 billion and layoffs of 4,500 workers. The company’s phones have been eclipsed by phones from Apple and Samsung.

Apple fell $4.89, or 1 percent, to close at $467.40 as its newest iPhone debuted at stores.

Two new stocks had strong debuts. Tech security company FireEye surged $16, or 80 percent, at end at $36, and artificial intelligence company Rocket Fuel rose $27, or 93 percent, to $56.10.

The yield on the 10-year Treasury note fell to 2.74 percent, from 2.76 percent on Thursday.

Microsoft fell 2.5 percent to $32.79, and GE decreased 1.8 percent to $24.01.

Caterpillar declined 3.4 percent, the most in the Dow, to $84.75.

On the Record / Sept. 21, 2013

$
0
0

Hires/Promotions/Honors

Canisius College accounting alumni James C. Metzler and Mark J. Koziel were ranked among the Accounting Today top 10 most-influential accountants in the United States. They were nominated for the recognition by their industry peers. Metzler is vice president of small-firm interests for the American Institute of Certified Public Accountants. He was a co-founder of Convergence Coaching, a national consulting firm dedicated to helping CPAs prosper, a former partner with Gaines Metzler Kriner & Company in Buffalo and founder of GEMKO Information Group, a technology consulting organization. Koziel is vice president of firm services and global alliances at the AICPA. He served as director of media planning for a political consulting firm in East Aurora, and was employed at Dopkins & Co. and Lumsden & McCormick.

Company Connections

Raymour & Flanigan Furniture is celebrating the furniture retailer’s 60th anniversary. Previously known as Raymours, the company started in downtown Syracuse The community is invited to attend a series of special events, through Oct. 5, at each of the company’s 91 showrooms.

...

BlackDog Strategy & Brand recently celebrated its seventh anniversary. Founded in 2006 by Gloria Zemer in her home, the company has grown to four offices across the country: Buffalo, Albany, Boston, Mass., and Sacramento, Calif.

...

SJB Services, Hamburg, was awarded a $54,745 federal contract for drilling services from the U.S. Department of Agriculture’s Natural Resources Conservation Service, Syracuse. Place of performance will be in Broome County.

...

Advanced Educational Products, Buffalo, was awarded a $40,956 federal contract for textbooks from the U.S. Department of the Interior’s Bureau of Indian Affairs, Gallup, N.M.

Patents

Title: Processes for selective dehydrohalogenation of halogenated alkanes

No.: 8,530,708

Inventors: Wang, Haiyou (Amherst); Tung, Hsueh Sung (Getzville); Mukhopadhyay, Sudip (Berkeley, Calif.)

Assignee: Honeywell International (Morristown, N.J.)

Date issued: Sept. 10, 2013

...

Title: Process for the production of fluorinated alkenes

No.: 8,530,709

Inventors: Poss, Andrew Joseph (Kenmore); Nalewajek, David (West Seneca); Van Der Puy, Michael (Amherst); Nair, Haridasan K. (Williamsville)

Assignee: Honeywell International (Morristown, N.J.)

Date issued: Sept. 10, 2013

EPA sets new greenhouse gas limits

$
0
0
WASHINGTON – The Obama administration on Friday set the first-ever limits on greenhouse gas emissions from power plants, but their impact could be minimal because they don’t apply to existing plants and there are few coal-fired power plants being built in the United States.

Just two new coal-fired power plants are expected to open next year, according to data from the Energy Information Administration, and there are none set to open in 2015.

“As you look at current projections this rule won’t in itself get much in the way of reductions,” said Kevin Kennedy, who directs the U.S. Climate Initiative at the World Resources Institute, a think tank that focuses on the environment and economic development.

However, Kennedy said, the rule does send a signal that the Obama administration promises to deal with planet-warming carbon emissions. The real test will come next year when the Environmental Protection Agency puts out its greenhouse gas standards for existing power plants.

EPA put forth the limits for future power plants as a first step in President Obama’s promise to tackle climate change. The rule would require new coal-fired power plants to install costly technology to capture carbon and store it underground. The EPA standard would require future coal plants to generally meet a limit of 1,100 pounds of carbon dioxide emissions per megawatt hour. They currently emit an average of more than 1,700 pounds per megawatt hour.

The American Coalition for Clean Coal Electricity, a coal industry trade group, called the rule an effective ban on the construction of future coal-fired power plants.

“The president’s decision today is an escalation of the war on coal, and what that really means for Kentucky families is an escalation of his war on jobs and the Kentucky economy,” said Senate Minority Leader Mitch McConnell, R-Ky.

EPA administrator Gina McCarthy said the technology exists to capture and store the carbon, and the Department of Energy has billions in grants to help make it work.

“I believe this proposal, rather than killing the future of coal, actually sets a certain pathway forward for coal to be a part of the diverse energy mix in this country,” she said.

The future of coal in the U.S. is in question regardless of the EPA rule. America’s natural gas revolution has produced cheap and plentiful supplies that compete with coal in the electrical generation market.

That has combined with environmental rules to push coal from the domestic market, leading U.S. companies to look at increasing exports to China and India, where coal remains popular.

The coal industry hopes, though, that interest in U.S. coal plants could return if the price of natural gas rises in the future.

The industry is expected to mount a legal challenge to the EPA rule on new power plants, which will be finalized after a public comment period.

WNY development council approves list of projects to compete for funding

$
0
0
The Western New York Regional Economic Development Council has given its stamp of approval to a list of priority projects in its five-county region that will compete for up to $760 million in the state’s third round of economic development funding.

The priority list of 16 projects, together with the Council’s 2013 progress report that was also approved, must now be finalized and submitted to the state by Tuesday.

“As we embark on year three of Gov. Cuomo’s Regional Council initiative, it is clear momentum is building in Western New York,” said Satish K. Tripathi, co-chairman of the Western New York regional council and president of the University at Buffalo.

The recommended projects include:

• Investing in infrastructure along the MetroRail line in Buffalo to encourage smart growth.

• Reconstructing the Lakefront Boulevard Seawall in Dunkirk and redeveloping the boulevard into a tourist destination.

• Helping Erie County buy 94 acres of brownfield property on the former Bethlehem Steel site in Lackawanna to start redevelopment.

• Rehabilitating the McNallie Building in Randolph as part of redeveloping blighted anchor properties.

• Converting the historic former Rushford Elementary School in Rushford into housing and commercial space.

• Investing in more high-performance advanced computing and data analytics at UB’s Center for Computational Research.

• Converting a former fire station in Niagara Falls into a trades job training facility, whose students will work on renovated, city-owned, condemned properties.

• Consolidating municipal water supplies in northern Chautauqua County to enhance inadequate water systems.

• Creating a new Sustainable Advanced Manufacturing Center at Alfred State College to train students in state-of-the-art techniques that advanced manufacturers’ desire.

• Creating the nation’s first Rare Earth Recycling facility in partnership with TAM Ceramics Group of NY, which will work with Niagara County Community College, Orleans-Niagara BOCES, Alfred University and UB to develop skills training, advanced technologies and rare-earth material uses.

• Relocating the Flying Bison brewery to downtown Buffalo to increase its visibility and ability to grow.

• Supporting creation of Roswell Park Cancer Institute’s Center for Personalized Medicine to develop a comprehensive gene test to treat cancer patients.

• Restoring the original Allan Herschell Co. office building as part of the Herschell Carrousel Factory Museum to complete restoration of the entire complex.

• Restoring the interior of the Darwin D. Martin House.

• Demolishing a long-vacant supermarket in Lockport’s downtown and spending $11 million to build a two-pad hockey arena and related retail space.

• Restoring the historic 1926 Hollywood Theatre in Gowanda’s historic district.

The Western New York council, one of 10 created by Cuomo in 2011 to stimulate economic growth and create jobs, covers Allegany, Cattaraugus, Chautauqua, Erie and Niagara counties.

The council’s regional strategic plan targets key industry sectors of advanced manufacturing, agriculture, binational logistics, energy, health and life sciences, higher education, professional services and tourism. The plan focuses on promoting smart growth, building on regional strengths, improving the region’s image, impacting the entire area and targeting young adults.

“There is positive change happening in Western New York,” said Howard A. Zemsky, co-chairman with Tripathi of the regional council, and managing partner at Larkin Development Group. “The progress is evident in our council’s strategies – all of which are focused on building on our strengths, creating jobs and investing in the future.”

To date, since the start of the regional council system, Western New York has invested $153 million in strategic projects, focused on the medical campus, tourism and advanced manufacturing, Tripathi noted. Of those 156 projects from the first two rounds in 2011 and 2012, 92 percent are on schedule, while the rest have been canceled either because a grant was denied, the state funding was significantly less than the grant or the project moved to another part of the state.

In between regular funding rounds, the council has also backed $58 million in funding for business expansion projects that will leverage $630 million in private-sector investment. Those projects, which claim to create or retain more than 6,500 jobs, include Yahoo!, Welded Tube, Rich Products Corp., FedeX, Time Warner Cable and recently Alita, among others. The draft regional report is available at http://regionalcouncils.ny.gov.

email: jepstein@buffnews.com

Former Cloister Restaurant site on its way to becoming Twain Tower

$
0
0
The site of the former Cloister Restaurant – and the onetime home of Mark Twain – is well on its way to becoming a three-story mixed-use development with both residential apartments and medical offices in a prime location.

Chiropractor Scott A. Croce, brother of well-known restaurateur and Statler City owner Mark Croce, is pouring $4.5 million into the project at 468 Delaware Ave., at the corner of Virginia Street. The new building, which will be called Twain Tower, was designed by architect Karl Frizlen. R&P Oak Hill is the general contractor.

The project is expected to be completed by mid-October. The first two floors will be 14,000 square feet of commercial office space for medical-related businesses, while the third floor will have nine residential apartments. Another three apartments will be located in the separate carriage house on the property. Seven of the apartments have two bedrooms, while the other five are one-bedroom units.

So far, the second floor will host a radiology practice, a massage therapy group and a durable medical equipment company, Croce said, while he has a “tentative tenant” for the first floor. All are “ancillary” to the Buffalo Niagara Medical Campus, which was a major impetus behind Croce’s project.

Croce acquired the property in September 2009 for $460,000, buying it from developer Anthony Trusso.

“I waited to see how the Medical Campus was going to spread,” he said. “Once I realized that it was a major economic engine for the city, I decided to do my development project, and to maximize the site plan as a result of the medical campus.”

As a result, all of the apartments feature “high-end” amenities, he said. Four are already leased even before construction starts, with two of the new tenants being tied to the medical campus.

“That was all done with having all the researchers coming in, knowing that they’d want high-end apartments,” he said.

Twain lived on the site while he was in Buffalo from 1870 to 1871. The back quarter of the property includes the historic carriage house from Twain’s time that is now part of the larger 9,497-square-foot building.

email: jepstein@buffnews.com

Tops deal is Curci’s finest hour

$
0
0
Tops Markets President Frank Curci is the Ted Nolan of the Buffalo grocery business.

Like Nolan, the popular Buffalo Sabres coach who returned to the bench last week, 16 years after his firing stunned hockey fans, Curci capped his own comeback at Tops by leading a group of six high-ranking executives to buy the supermarket chain from the investment firms that now own it.

“It certainly is the crowning moment in Frank’s career,” said Burt P. Flickinger III, the managing director at SRG Insight, a retail consulting firm in Connecticut. “It’s a major comeback.”

Actually, the comeback started more than six years ago, when Curci, who was working as the chief operating officer of Southern Family markets, a supermarket chain based in Birmingham, Ala., approached Morgan Stanley Global Private Equity about bankrolling a purchase of Tops from its embattled owner, Royal Ahold.

When they agreed, that alone marked a remarkable turnabout for Curci, who had resigned from Tops in 2003 amid allegations of accounting irregularities during his three-year stint as the Amherst-based supermarket chain’s president and chief executive officer.

It was even more remarkable when Morgan Stanley brought back Curci to run Tops as its president and chief executive officer, showing faith that he could put the wayward chain back on the right path.

When Curci returned, he certainly had his work cut out for him. Tops had stumbled badly under Ahold’s ownership.

When Ahold bought Tops in 1991, it was the chain’s fourth owner in eight years. Yet Tops had remained a powerful force in the Buffalo Niagara grocery market by paying attention to its local roots, featuring local products and supporting local suppliers.

But Ahold’s management didn’t see it that way. The Dutch grocery giant started running Tops as just another one of its many national chains.

Under its one-size-fits-all approach, it started sharing management with its other chains, weakening its Western New York connection. Store-brand products from some of Ahold’s other chains, such as Finast, started showing up on Tops’ shelves, while many local products, from Weber’s mustard to Sahlen’s hot dogs, disappeared.

Ahold even launched a new supermarket brand in the Buffalo Niagara region – Martin’s – in a perplexing move that put it in competition against its own Tops chain.

“When Ahold was running the company on an absentee basis from out of state, Tops really struggled,” Flickinger said.

After the Morgan Stanley deal, Curci and his management team set to work rebuilding the chain’s local connections and sprucing up its stores through a $150 million capital improvement plan.

With Morgan Stanley’s deep pockets backing him, Curci set out on a mission to make Tops bigger, too. It snapped up more than 50 stores from bankrupt grocer Penn Traffic Co. in 2009. It added 21 more Grand Union stores in October 2012.

When the dust settled, Tops had more than doubled its store count, which jumped from 71 when Morgan Stanley took over to 159 today. It bulked up its presence in northern New York, northern Pennsylvania and western Vermont. Tops management even showed it had a soft spot for smaller grocery stores in smaller markets where it was the only game in town.

Tops showed it can be nimble, too. It developed a smaller store concept for its more competitive and cramped markets, leading to the opening of supermarkets like the one on Harlem Road in Cheektowaga. It’s bought a few smaller independent stores, including one in North Boston in July 2012, where it doesn’t have any big competitors nearby.

“Tops has kept grocery stores in small towns and urban communities, built stores where there was no supermarket presence,” said Katie McKenna, a Tops spokeswoman.

Tops even staked out a claim in the upscale grocery market by launching its Orchard Fresh concept in Orchard Park this spring, beating Trader Joe’s to the punch months before the cult favorite opened its first local store in Amherst.

“The acquisitions put Tops in a position where they can compete,” Flickinger said. “It’s good to have a major food and drug chain locally owned and operated, without the oversight from Wall Street.”

But Tops’ expansion carried a hefty price, saddling the chain with more than $650 million in debt. Curci’s biggest challenge now will be to find a way to manage the debt load that was built up during Morgan Stanley’s tenure. That’s far beyond the $350 million to $400 million in debt that Flickinger sees as the most that a company of Tops’ size should carry.

But with interest payments on that debt sucking up more than $70 million a year, Curci and Co. will have to be focused on squeezing even more profits out of Tops’ operations at a time when its customers have been buying less and switching to lower-priced products.

With the focus on boosting profits – Tops lost $9.5 million during the first half of this year as same-store sales slipped 0.5 percent – the chain may try to hold the line on its spending and investments, at least for the near future.

That’s especially likely if the long-term plan is for Tops to go public or sell out to another buyer. Either way, Tops will have to be more profitable if Curci and his team hope to turn their all-in bet on the supermarket chain into the investment of a lifetime.

“Tops’ people are certainly capable of increasing profitable sales,” Flickinger said. “They’ve made enough acquisitions. Now it’s just about making more money.”

email: drobinson@buffnews.com

Miles not always transferable after death

$
0
0
Do your frequent-flier miles expire when you do?

It’s a simple question that today has a complicated answer.

And it’s become more relevant as larger portions of Americans’ assets move from the material world to the digital realm – and as they invest time and effort into loyalty programs that have an estimated $50 billion of accumulated value.

Individuals could rack up thousands of dollars’ worth of rewards. Yet policies are varied and inconsistent for bequeathing airline miles and other loyalty rewards to a beneficiary after death, according to a recent study, “Inherit the Windfall” by Colloquy, the research group for loyalty program provider LoyaltyOne.

“There are still a number of programs that haven’t established explicit policies,” said Colloquy Research Director Jeff Berry, author of the report. “Our research was frustrating at times because we couldn’t get an answer, or called a couple times and got different answers.”

Some programs allow the transfer of accumulated points, while others explicitly do not. Some charge a fee, while others waive fees partially or entirely, Colloquy found. Some limit to whom a program member can bequeath rewards. Some allow points to be redeemed for a certain time after a person’s death, but not the outright transfer of them.

Some policies are clear and published online; others are vague, unpublished or inconsistently applied. Worse, some phone customer representatives were ill-informed, providing answers that contradict written policies, Colloquy found.

“People definitely need a wake-up call on this,” said Brian Kelly, founder of ThePointsGuy.com, a website that advises people on how to accumulate and use travel points and miles.

Especially with frequent-flier programs, accumulated rewards can reach into the tens of thousands of dollars. At minimum, miles are worth 1 cent each, but they can be worth much more. For example, 100,000 miles might buy you a business-class ticket to Europe worth $5,000.

“It’s a subject no one wants to talk about, but if you already lost somebody in your life, don’t lose a bunch of money too,” Kelly said.

U.S. airlines are a good example of varied policies.

Frequent-flier miles or points can’t be transferred after death on Delta Air Lines and Southwest Airlines. American Airlines and US Airways, however, allow the free transfer of those rewards after a person dies. United Airlines allows a transfer but charges $150.

Berry said he doesn’t object to companies making a business decision to prohibit transfers after death, but they all should be clear and transparent about it.

For example, Southwest Airlines, known for being customer-friendly, does not allow transfers after death of its Rapid Rewards points. But it is quite clear about it, Berry said. And, according to a Southwest spokesman, it will tell customers that whoever has access to the dead person’s account also has access to the accumulated points.

US Airways has a clear policy, published online, that says accumulated miles can be transferred to the estate within a year after death. It requires appropriate documentation, such as a death certificate and proof of beneficiary.

Delta changed its policy this year to disallow transfers. A Delta spokesman said that was a trade-off for offering airline miles that do not expire. “In order to offer this unique benefit, some other, lesser-used policies were examined and determined not to have as much value to our members,” he said.

United MileagePlus miles are transferable with proper documentation and a flat $150 mileage-transfer fee.

American Airlines allows transfers of AAdvantage miles and even sends a packet with an affidavit for the beneficiary to fill out. A signature of the surviving spouse, the executor of the estate or sole heir is required, as is a copy of the death certificate. Transfers are processed within seven business days, the airline said.

Loyalty programs are big business, extending beyond frequent-flier miles to credit card rewards, hotel points and a host of others. Memberships in such programs increased more than 26 percent in the past two years, and all those miles, points and rewards are worth some $50 billion, according to the most recent numbers from Colloquy. The average American is a member of 22 loyalty programs.

Financially speaking, Silent Generation is the Lucky Generation

$
0
0
If you’re a baby boomer or a member of Generation X, consider yourself unlucky.

These two generations of Americans, born between the late 1940s and the early 1980s, have earned less money and accumulated less wealth than their parents and grandparents enjoyed at the same age, William Emmons and Bryan Noeth of the St. Louis Federal Reserve Bank conclude in a new study.

That older Silent Generation, born before and during World War II, won the birth lottery in several ways. Birth rates were low during the Depression and the war, so a scarcity effect helped push up wages when the war babies entered the workforce in the 1950s.

They also were lucky enough to come of age when American industry dominated the world and unionization rates were rising. And they were lucky enough to retire after the introduction of Medicare in 1965 and inflation-indexed Social Security benefits in 1975.

Most of them were out of the workforce by 2008, when the Great Recession hit. Heavily indebted Gen Xers saw their home equity evaporate, and many younger people who lost their jobs still haven’t recovered.

“It’s not just being hit by shocks, but also about your ability to bounce back from shocks,” said Emmons, an economist at the St. Louis Fed. “Older families as a rule were more resilient in that they had more liquid assets and much less debt.”

Here’s one telling comparison from the study: In 1989, the median older American (age 62 and up) had about four times the wealth of someone under 40. Now, the older generation is nine times as rich as the younger.

Emmons said he was surprised to find such a large birth-year effect. He and Noeth sorted out the effects of race, education, health, marital status and other factors, and were left with a big difference that could only be explained by when a person was born.

How big? At a similar age and education level, someone born in 1970 earns 27 percent less and has 43 percent less wealth than a person born in 1940.

People who got more education than their parents, of course, probably out-earn them, and many boomers and Gen Xers are in that category. For much of the 20th century, though, parents assumed that prosperity would make their children better off than they were, and that’s no longer automatically true.

In a country that prides itself on being the land of opportunity, it’s jarring to think that much of your wealth depends solely on when you were born. When you add in the luck of being born into a certain ethnic group, and being born to highly educated parents, the birth lottery plays a big role in inequality.

As we debate the fortunes of the 1 percent versus the 99 percent, as the Occupy movement posed the question, does it make a difference that the 1 percent got there largely through luck?

Emmons isn’t suggesting any policy answers, but he is hoping to inform the debate. “Our approach to the inequality question is to look at the demographic factors that are determining income and wealth,” he said.

Our leaders also might want to keep this finding in mind as they debate the scope and function of government. Is it fair to spend more money on the elderly at the expense of programs that serve young families?

Maybe the answer to that question changes when we think of older Americans as the Lucky Generation.

Erie County Real Estate Transactions

$
0
0
ALDEN

• 13249 Maple Ridge Drive, Roland Brown; Adam M. Brown to David P. Wolf; A. Wolfjessica, $301,000.

• 1545 Crittenden Road, Dennis O’Grady; Mary O’Grady to Edward L. Tomaka, $122,500.

AMHERST Highest price: $473,298 Average price: $199,610 Median price: $198,000 Number of Sales: 39

• 160 Harbridge Manor, Marrano/Marc Equity Corporation to Michael J. Weltzer; Elizabeth H. Weltzer, $473,298.

• 163 Golden Pheasant, Thomas F. Mumma; Susan B. Mumma to Abigail D. Flynn-Kozara, $450,000.

• 49 Hampton Hill Drive, Carol S. Kleban; Edward M. Kleban to Roger A. Forden; Carol M. Forden, $355,000.

• 80 Briarhill Road, Joan B. Mangan to Paul M. Anain; Leslie A. Defranks-Anain, $322,000.

• 66 Blue Heron Court, Patricia A. Goldwater to Xiaoping Liang, $315,000.

• 12 St. Charles St., Jill A. Greco; Cynthia A. Greco to James J. Ingrasci; Loraine A. Ingrasci, $295,000.

• 669 Kaymar Drive, Jeffrey Macaluso; Kendra N. Vermeulen to Dawn A. Panepinto, $291,000.

• 512 Chasewood Lane, Elaine Weinstein to Romeo Teixeira Whou; Randall Joseph Gammiero, $255,000.

• 354 Hunters Lane, Jennifer E. Waffner; Jennifer E. Dole; Eric J. Waffner to Cheick Diarra; Kelly A. Diarra, $253,000.

• 82 Darwin Drive, Maureen L. Wydysh; Stephen J. Sydysh to Robin Hjembo; Patrick M. Boland, $250,000.

• 33 Honeysuckle Way, Mary J. Pinger; Gary J. Pinger to Thomas A. Reynolds; Katherine L. Reynolds, $237,000.

• 81 Ranch Trail, Pierre A. Vincent; Paula C. Vincent to Vincent J. Girardi III, $230,500.

• 4955 Sheridan Drive, Rosemary A. Keenan to Russell J. Ram, $230,000.

• 370 Casey Road, Stanley Zionts; Harriette A. Zionts to Henry Sicignano, $225,000.

• 50 Misty Lane, Roemig Aleksandra; Aleksandra Zarowny; Jonathan R. Roemig to Karl Kasprzak; Bethany Kasprzak, $225,000.

• 78 Chestnut Hill Lane, Evelyn V. Nowak; Edward S. Nowak to Carla Krahl; Kristopher Krahl, $220,000.

• 218 Bentham Parkway, Catherine A. Aquino to Christopher S. Tirado; Lori A. Tirado, $217,000.

• 16 Sweethaven Court 1, K. Brian Stead-Dorval; K. Brian Dorval; Samantha J. Stead-Dorval to Stephen J. Tomasello, $203,000.

• 15 Quay Lane, Kristy A. Weatherall; Kristy A. Huntz to Surswatie Wayloo, $201,000.

• 115 Canbrookj Row, Christopher A. Izo; Terri D. Izzo to Briana Asbach; Stephen P. Asbach, $198,000.

• 209 West Klein Road, Richard A. Schick Jr. to Quoc Vu; Cindy Nguyen, $189,000.

• 15 Shadow Wood Drive, Robert B. Sommerstein; Lynne C. Sommerstein to Stacy T. Brennan; James B. Brennan, $180,000.

• 5 St. Charles Court, Arlene Balash 2006 Trust to Amy Jill Schmidt, $175,000.

• 34 Green Forest Court, Vincent A. Guadagna to Robert Peters; Sarah Peters, $170,000.

• 435 Ayer Road, Odette Coignard; Lynda Odette Jean Coignard; Jean Coignard to William L. Muscarella, $165,000.

• 60 Hickory Hill Road, Thomas Cavanaugh Onions to Barbara Hewitt, $165,000.

• 71 Hendricks Blvd., Denise M. Pawlak; Denise M. Levy; David M. Levy to Kevin F. Stack, $153,000.

• 37 Addison Ave., Marc S. Herring to Cynthia M. Brooks, $130,000.

• 20 Cascade Drive, Miranda Payne; Michael B. Pachan; Miranda J. Pachan to Dina Belous; Dmitriy Belous, $128,000.

• 32D Georgian Lane, Mary M. Bonora to Joanne M. Streich, $125,000.

• 1095 Youngs Road, Lucille P. Alessi to Rosetta Walden-Kennedy, $110,000.

• 55 Cornell Ave., Andrew J. Smith to Leo N. Bonfardeci; Donna M. Bonfardeci, $107,000.

• 34 Margaret Road, Amy & Tony Burke Llc to Danevia W. McGee, $103,000.

• 67B Foxberry Drive, Katherine R. Brown to Carolyn E. Schaus, $103,000.

• 285 Callodine Ave., Henry C. Lin; Cynthia Y. Lin to Joseph Indelicato, $89,000.

• 81 Spruce Road, Lisa M. Jajkowski to Matthew G. Girlando, $87,000.

• 306 Sundown Trail, Anita Diamond to Kuei-Hsiang Mu; Li Yuan Mu, $85,000.

• 100 Charter Oaks Drive, Frances B. Szortyka to Buddy’s Fund Trust, $55,000.

• 4520 Millersport Highway, Randall Burley; William Doverspike; Robin W. Bernsdorf to Caryn Gould; Matthew Gould; Thomas Brown; Illian Brown, $20,000.

AURORA/EAST AURORA

• 591/583 Oean Road, Carl J. Dipietro to DP8Z Llc, $450,000.

• 4650 Martingale Court, Legacy Polo Grounds to Kathleen K. Gleason, $279,900.

BOSTON

• 6559 Valley View Lane, Marie Riley; Theresa M. Novoa to Daniel Novoa; Theresa M. Novoa, $118,000.

• 7849 Boston State Road, Gerald Scull; Donna L. Scull to Schreiber & Winkelman Inc., $100,000.

• 7912 Zimmerman Road, Dennis S. Pilecki; Kathleen M. Pilecki to Corey Edward Karmazyn; Ashley Patricia Fitzner, $28,000.

BRANT

• 10413 Versailles Plank, Cathy J. Cox; Robert W. Lietz; Patricia A. Abram to Ann M. Phillips; David L. Phillips, $65,000.

BUFFALO Highest price: $500,000 Average price: $87,750 Median price: $55,355 Number of Sales: 70

• 1115 Delaware Ave., 1115 Delaware Llc to SBP Realty Llc, $500,000.

• 1109 Delaware Ave., 1109 Delaware Llc to SBP Realty Llc, $400,000.

• 201 Linwood Ave., Ronald S. Rusinek to Jakala Enterprises Inc., $350,000.

• 88 Lexington Ave., David Mark Wexler to Jennfer Pugh, $265,000.

• 158 Reading, PFH Properties to Pioma Management, $251,656.

• 203 Hodge Ave., Hodge Avenue Llc to AMB Real Estate Holdings, $212,000.

• 205 Ashland, Cheryl A. Casey-Corsaro; Cheryl A. Casey to Catherine Kiggins; Sean Kiggins, $205,000.

• 50 Wingate Ave., Brendan J. Spitz; Julia M. Spitz to Ralph J. Salerno, $200,000.

• 33 Gates Circle, Elizabeth J. Smith to Phyllis W. Pierce, $190,000.

• 11 Sagamore Terrace, Marie R. Bowen to Charlotte Brett; Nicholas Derr, $184,000.

• 179 University Ave., Gabrielle Kujawa; Thomas R. Kujawa to Brandy A. Kaiser; Jamie L. Burns, $173,000.

• 206 Norwalk Ave., James J. Kelly Jr. to Megan E. Wailand, $165,000.

• 32 Mariner, Ronald S. Rusinek to Jakala Enterprises Inc., $150,000.

• 337 Prospect Ave., Gene H. Lee; Julita B. Lee to Windsor 337 Llc, $150,000.

• 282 Jersey St., John T. McFarland to Fisher Jersey Llc, $138,500.

• 1093 Tifft St., John P. Emhof; Kathleen M. Emhof to Matthew S. Szalkowski; Caitlin E. Szalkowski, $135,000.

• 141 Pontiac St., Mary Jane Warrington; David L. Warrington to Helen A. Miranda, $118,000.

• 126 Hartwell Road, Ronald Czworka; Ronald J. Czworka to Aris F. Schultz, $111,500.

• 55 Belvedere, Doris Anne Prieur-Lucia; Robert W. Lucia to Salvatore T. Sanfilippo, $106,000.

• 580 Saint Lawrence Ave., Christopher J. Delisio; Roberta A. Delisio to Deonna Colosanta, $105,000.

• 311 Grant St., Crocifissa Balconi; John Balconi to Cyrus Ardalan; Tracy Ardalan, $100,000.

• 44 Harvest Ave., Nicole G. Hauser to Kimberly Pollock, $96,700.

• 1118 West Ave., Mark Stevenson; Linda Stevenson to Jeffrey A. Davis, $81,000.

• 29 Deer St., Scott Hartman; Joanne Hartman to Eh Knyaw, $79,900.

• 149 Vanderbilt St., Anne Marie Milazzo to Marc Slater; George King, $77,000.

• 794 Columbus Parkway, Robert Reid; Pearl Nystrom; Michael Nystrom; Cindy Nystrom; Dorothy A. Nystrom; Deborah Kinmartin to Constance M. Koch; Leonard D. Koch, $77,000.

• 82 Treehaven, James R. Kerr; Grace E. Kerr to John Jason Critharis, $75,000.

• 559 Hertel Ave., Renee Gugino; William Gugino to Joseph Suppa, $72,000.

• 432 Utica East, Glebova Realty Group to Glansa Systemutveckling, $70,000.

• 132 Vermont St., Mary Lou Mangione; Frank Mangione; Joseph J. Warden; Eric M. Schmit to Robert D. Walters, $69,900.

• 85 Harding Road, Jean A. Cudney to Raymond J. Kreuzer, $63,500.

• 1274 Kenmore Ave., Francis N. Burrows; Sharon P. Burrows to Haitam Boussag, $58,000.

• 85 Pontiac, Rybczynski Family Trust to Frank E. Sandor, $57,500.

• 202 Roslyn St., Rosetta J. Walden-Kennedy; Rosetta J. Walden to Anthony McCloud; Marcy Jones, $57,000.

• 73 Riverview Place, Julia V. Dempsey to Matthew C. Benz; Rebecca A. Benz, $56,710.

• 3 Humason Ave., Jason J. Stevens to Scott Hartman; Joanne Hartman, $54,000.

• 28 Duluth Ave., David Gorski; Nancy Gorski to Michelle M. Ring, $50,000.

• 267 Greene St., Cosmo Battaglia; Helen Battaglia; Helen B. Battaglia to Joseph Harezga, $49,000.

• 112 Ledger St., Nancy Ortiz Marshall; Nancy Ortiz to Gregory M. Scarpace; Robin L. Scarpace, $48,000.

• 67 Woodside, Salvatore T. Sanfilippo to BDKNY Inc., $47,000.

• 218 Skillen St., Roberto Aizenman to Manderly Hill Llc, $42,500.

• 36 Englewood Ave., Neal Goldberg; Fay L. Goldberg to Neal Goldberg; Teresa E. McGarrity, $40,000.

• 653 Minnesota, Ben Okonov to David Olidort, $37,000.

• 315 Herkimer St., Xiao Wai Yang to Da Mei Inc., $35,000.

• 53 St. Marys, Wing Properties to Manderly Hill Llc, $35,000.

• 2327 Fillmore Ave., Clarence Durham Llc to Ghore Inc., $31,250.

• 12 Eller, Kevin Seaman; Equity Trust Company to Manderly Hill Llc, $30,500.

• 138 Reiman St., Brent Eaton to LNS Property Management, $30,000.

• 248 Peach St., Anthony R. Leslie to Western New York Property Investors Inc., $30,000.

• 380 Prospect, Atlin J. Gonzalez to Mohamed J. Uddin, $30,000.

• 140 Davey, Deborah S. Wyatt to Atlin Gonzalez, $29,000.

• 114 Shirley, Jeremy G. Dunn to Equity Trust Company; A. Aberte Roth Stewart, $25,100.

• 260 Maryland St., Lisa M. Mangano; Carmela G. Mangano; Vincent J. Mangano Sr. to Jesus C. Hernandez, $25,000.

• 315 Grant St., Crocifissa Balconi; John Balconi to Matthew Valle, $25,000.

• 171 Landon St., Latisha Andrews to Glebova Realty Group, $23,500.

• 110 Ontario St., David Link to Kerry Lewis; James Lewis, $21,500.

• 71-73 Kirkpatrick St., Mark Lathrop; Maureen Lathrop to Stuart Gay, $20,000.

• 88 Greenfield, Oscar Perez to Karen Biel Costantino, $20,000.

• 95 Mills, Joseph Ross to Mohamed Islam, $20,000.

• 730 E. Amherst, MK Buffalo Unlimited to Belmont Housing Resources For WNY Inc., $19,000.

• 297 Davey St., Paul F. Stein; Bertha D. Stein to KC Buffalo Enterprises, $18,500.

• 109 Clarence Ave., 7840 Holdings Llc to Santiago Negroni, $18,000.

• 201 Rodney, David Earthman to Mohammed Soman, $17,300.

• 98 Phyllis Ave., Bebi Shelliz Ballee-Goolsarran; Roshan Goolsarran to Luz M. Palomino, $15,000.

• 239 Shirley, Successful Real Estate Solutions to Ferdousi Begum, $13,000.

• 243 Peach St., Anthony R. Leslie to Western New York Property Investors Inc., $11,500.

• 312 Grider, Rodney C. Jones to Fareda Llc, $9,000.

• 309 Mystic, Kenneth Lipscomb to Fareda Llc, $8,000.

• 104 O’Connell Ave., Lashiree Barnes to Ronald Anthony Smith, $7,500.

• 234 Schuele, Ethel Malone; Grady Malone to Glebova Realty Group, $6,500.

CHEEKTOWAGA Highest price: $200,000 Average price: $88,023 Median price: $88,250 Number of Sales: 29

• 61 Elmleaf Drive, Michelle A. Handzlik; Michelle A. Dombkiewicz to Michael Bauman, $200,000.

• 479 Cayuga Creek Road, Joseph F. Blocho; Cassandra M. Blocho to Gregory Maniccia; Michelle A. Dombkiewicz, $195,700.

• 205 Evane Drive, Ryan J. Sandor; Frank E. Sandor to Jeremy S. Triplet; Scott D. Gliss; Brian R. Gliss, $150,000.

• 35 Joel Drive, Lynne Cybulski; Lynne M. Borrelli to Antonino Vaccaro; Lisa D. Vaccaro, $142,500.

• 611 Cleveland Drive, Lori A. Tirado; Lori A. Kozlowski to Courtney Obrien; Shaun T. Halligan, $134,000.

• 263 Cayuga Creek Road, Mark A. Doane; Eric T. Blachowicz to HSBC Bank, $118,511.

• 154 Century Road, Peter F. Benacquisto to Luminita Petrillo; Marc A. Petrillo, $113,542.

• 187 Eastland Parkway, Thomas S. Gregorio; Melissa L. Gregorio to Nicole M. Hawthorn, $111,500.

• 50 Nancy Place, Thomas C. Kashuba to Stephen Zdziebko, $96,000.

• 90 Madeira, Robert Koerntgen; Equity Trust Company to Mark W. Sarver; Lina C. Zapata, $95,000.

• 116 Girard Ave., Timothy Jankowiak to David Dankowski, $92,700.

• 23 Vera Ave., Marilyn D. Barnes; Kenneth L. Harris to Michael A. Holts; Chanel A. Holts, $92,500.

• 109 Girard Ave., Tammy Wilzcek; Tammy Wilczek; Paul J. Wilzcek; Paul J. Wilczek to Jason J. Stevens, $89,500.

• 227 Woodridge Ave., Ronald C. Dotzler to Nicholas Dotzler, $89,000.

• 238 Cass Ave., Timothy J. Tigue; Colleen M. Tigue to Sarah E. Wurl; Jacob B. Bauer, $88,250.

• 173 Greenway Blvd., Andrew J. Whitte to Andrea R. Hill, $82,500.

• 20 Federal Ave., Willis D. Easton; Judith A. Easton to Heather L. Fritz, $68,000.

• 304 Reiman St., Christopher J. Domagala to Ronald C. Teed, $66,500.

• 148 Gualbert Drive, Gary Blaser to Shelly A. Michael; Ryan A. Michael, $65,000.

• 33 Dellwood, KC Buffalo Enterprises to Manderly Hill Llc, $60,000.

• 59 Reo Ave., Audrey R. Hanzlian; Gregory G. Maciejewski; Nancy A. Ziembiec; Gary A. Maciejewski; Harry E. Maciejewski Jr. to Kendra Preteroti; Anthony Preteroti, $58,000.

• 88 Francis St., Mark Peszko; Daniel J. Giuga to Fannie Mae, $57,797.

• 75 Woodell Ave., Jennifer L. Sikora; Michael P. Lysiak to Roksana Begum, $50,000.

• 91 David Ave., Anne Marie Moores; Richard I. Leff to Wells Fargo Bank, $47,880.

• 95 Halstead Ave., Anna Tabisz; Waclaw T. Tabisz to Jason C. Jerzewski, $47,500.

• 4042 Union Road, Theresa Nguyen; Tom Nguyen to Phuong-Dung Thi Crosby, $45,500.

• 43 Benz Drive, Jeffrey A. Reinig; John A. Reinig; Jason A. Reinig to Jason A. Reinig, $44,300.

• 64 Clearvale Drive, Melissa Fuller; Daniel L. Kipler; Melissa J. Kipler to Melissa Fuler, $26,000.

• 2294 Gensee St., Bryan Hinton to PLP Enterprises Inc., $25,000.

CLARENCE Highest price: $850,000 Average price: $234,976 Median price: $176,250 Number of Sales: 10

• 9992 Main St., UN Holdings II Llc; 5 Buildings On Main Street Llc to Value Storage Llc, $850,000.

• 10510 Main St., Owczarczak Rollek Llc to Town of Clarence, $285,000.

• 5468 The Village Station Circle, James N. Sienkiewicz; Susan C. Sienkiewicz to Elaine Weinstein, $192,500.

• 5200 Brookfiled Lane, Michelle A. Rudz to Monica Radel, $186,000.

• 5398 The Village Station Circle, John W. Zintle to Lauren Bordonaro, $176,500.

• 8241 Sheridan Drive, Kathleen E. St. Martin; Kathleen E. Mondello to Stephen D. Rycyna Jr., $176,000.

• 7460 Goodrich Road, V&F Property Management to Andrew Cichocki, $175,000.

• 4390 Barton Road, Krista L. Sharader to Todd A. Ceglia; Joanna C. Taverna, $150,000.

• 6018 Cormac Lane, Patrick Wv Llc to Barbara Balzer; Ronald Balzer, $100,000.

• 10880 Bodine Road, Household Finance Realty Corporation of New York to Scott A. Glassman; Jennifer L. Glassman, $58,760.

COLDEN

• 7848 Hayes Hollow Road, Diane M. Allen to John D. Marki, $145,000.

• Vacant Land/Lewis Road, George C. Urban to Marrano/Marc Equity Corporation, $53,000.

COLLINS

• 3960 Zoar Valley Road, Kathleen Dittenhofer; Kathleen J. Molik to Douglas C. Pine; Helen T. Pine, $280,000.

• Vacant Land/Gowanda, Kathleen Dittenhofer; Kathleen J. Molik to Douglas C. Pine; Helen T. Pine, $280,000.

CONCORD

• 13272 Belscher Road, Mark S. Walters; Diane M. Walters to Richard R. Iacobucci; Richard J. Iacobucci; Erica A. Degen, $460,000.

• 36 Edelweiss Court, Norton Bruce Cole III to Lynn Goble; Wesley Burris, $115,000.

• Vacant Land/Trevett Road, Walter A. Clark; Daniel L. Clark; David L. Clark to Frank P. Giordano; Melissa A. Giordano, $21,000.

EDEN

• 2621 West Church St., Daniel Klauk to Nathan M. Nemec, $123,000.

• Vacant Land/Violet Parkway, Deborah A. Zankl; Deborah A. Weidner; Wayne E. Zankl to Mary Beth Walsh; Kevin M. Walsh, $23,000.

• Vacant Land/Yochum Road, Janice Schlierf to Angelo D. Palleschi; Judith A. Palleschi, $20,000.

ELMA

• 1101 Porterville Road, David G. Roaldi; Angela M. Roaldi to William M. Rose; Brenda A. Rose, $392,500.

• 150 Willardshire, Iacobucci Family Trust to Kathleen Faulhaber; Douglas M. Kawalerski, $282,500.

• 839 North Star Road, David A. Langendorfer to Daniel Langendorfer, $215,000.

• 2590 Bowen Road, Marilee A. Kibler to Randy P. Adams; Karen A. Adams, $155,000.

EVANS

• 7354 Beechwood Drive, Thora Davis; Jon C. Olstad; Mark W. Olstad; Martha L. Olstad to Svetlana J. Gyourova, $215,000.

• 9560 Oakland St., Linda C. Dolce to Kevin J. Pellegriti; Laura J. Pellegriti, $125,000.

• 9715 Lake Shore Road, Albert F. Memmo to John Bruso; Linda Bruso, $83,500.

• 170 Steding, Robert J. Ganey to Brenda Slovick, $30,000.

GRAND ISLAND

• 5072 East River Road, Anthony A. Brindisi to Michael T. Ackerman; Traci A. Ackerman, $444,000.

• 58 Hemlock Drive, Mary Lou Leach to Tracy L. Deleo; John J. Deleo, $375,000.

• 15 Briarwood Lane, Essex Homes of WNY Inc. to Pauline Poindexter; Michael Poindexter, $345,900.

• 76 Jen Court, Jennifer A. Greene; Bryan R. Greene to Nicole A. Price; David R. Price, $289,000.

• 148 Windham Lane, New England Estates of Grand Island to Ryan Homes of New York; Nvr Inc., $60,000.

HAMBURG Highest price: $289,000 Average price: $127,645 Median price: $118,750 Number of Sales: 22

• 2911 Armsdell Road, Ann Marie Luterek; Stephen J. Luterek to Therese R. Frank; David D. Frank, $289,000.

• 4008 Connors Way, Ryan Homes of New York; Nvr Inc. to Cathrine P. Casacci, $271,000.

• 193 Holiday Lane, Tom T. Phan; Laura L. Phan to Bradley S. Waldron; Justine E. Januszkiewicz, $260,000.

• 78 Milford St., Joanne Lanfear; David G. Lanfear to Bret P. McCabe; Erin M. McCabe, $179,000.

• 6532 Stevens Road, Candace J. Carlson; David E. Carlson to Karen S. Stephenson; Kevin M. Stephenson, $177,000.

• 4381 Parker Road, Delemear M. Mishanec to Karen L. Todd; Michael R. Todd, $174,000.

• 6260 Eckhardt Road, Rachel A. Midyette; James E. Midyette III to Marc Koester, $168,000.

• 4315 Big Tree Road, Jeffery Vara to Robert C. Motz, $135,000.

• 2576 Amsdell Road, Adela R. Schmidt; Melvin W. Schmidt III to Tom T. Phan; Laura L. Phan, $130,000.

• 5565 Juno Drive, Joanne Monachino to Daniel S. Franklin; Jeri L. Franklin, $126,000.

• 3087 Kirschner Parkway, John Previty Jr. to Joseph P. Valencourt; Katherine A. Barry, $124,500.

• 5720 Dover Road, Shaun D. McLeod; Rachel K. McLeod; Rachel K. Lachina to Iliyan Z. Iliev, $113,000.

• 185 Long, John P. Weidner to Marie Larcara; James P. Larcara, $106,900.

• 3419 Dickens Road, Ruth M. McCormick to Kire Gjorgievski; Julia Kocovska, $97,500.

• 4011 Lincoln Ave., E. Paul Adams; Timothy M. Payne to Sasco 2007-RF2; HSBC Bank, $88,200.

• 3990 South Park Ave., Central Development Group to Patricia A. Dunn, $84,900.

• 136 Pearl Ave., Darryl Pietras; Nadine Winkler to Naomi Shaver, $84,000.

• 2224 Lakeview Road, Albert K. Newman to Kristal C. Lovell; Joshua G. Lovell, $75,000.

• 4055 Connors Way, Dato Development to Ryan Homes of New York; Nvr Inc., $49,000.

• Vacant Land/Lakeview Road, Frontier Central School District to Alliance Construction of WNY Inc., $46,200.

• Vacant Land/Olympic Ave., Linda L. Vallery to Jeffrey James Majtyka; Jayne A. Majtyka, $24,000.

• Vacant Land/Pleasant, John T. O’Malley to Jeannine Jackson; Jeffrey Jackson, $6,000.

HOLLAND

• 9446 East Holland Road, Mitchell J. Fisher; Luanne K. Fisher to Dawn M. Bakowski, $127,500.

• 8188 Vermont Hill Road, Thomas Pryor; Sharon L. Pryor to David J. Francis, $125,000.

LACKAWANNA

• 3 Boardman Road, Anthony P. Vuich to Ryan L. Shepard, $83,500.

• 26 Date St., NPS Enterprises of Buffalo to Abul Husen Akm, $49,000.

• 28, 32, 36 Julian, Raymond H. Wysocki to Susan Dudzic, $49,000.

• 15 Warsaw St., Stanley Rozwod; Stanley L. Rozwood to Fathia Mosed, $28,000.

LANCASTER Highest price: $1,270,000 Average price: $248,075 Median price: $165,500 Number of Sales: 17

• 3949 Walden Ave., Town of Lancaster to EEP Property Holdings, $1,270,000.

• 33 Jonquille Court, Marrano/Marc Equity Corporation to Anthony J. Pusateri; Andrea M. Pusateri, $385,008.

• 27 Jonquille Court, Marrano/Marc Equity Corporation to Ivo R. Leetmaa; Michelle E. Leetmaa, $357,900.

• 31 Jonquille Court, Marrano/Marc Equity Corporation to Rebecca S. Kowalow, $321,908.

• 1101 Penora St., William M. Rose; Brenda A. Rose to Roland Brown, $235,000.

• 60 Stony Brook Drive, Matthew B. Goodyear to Peter A. Longo; Robyn S. Longo, $235,000.

• 14 Quail Hollow, Xiang Zhou; Li Wei to Michael D. Hudson, $178,000.

• 2 Evergreen Drive, Ann M. Gervasio; Michael J. Gervasio to Thomas S. Gregorio; Melissa L. Gregorio, $170,462.

• 38 Doris Ave., Peter Reilley Jordan to Catherine A. Aquino, $165,500.

• 17 East Home Road, Romeo T. Whou; Randall J. Gammiero to Jamie B. Vanhorn; James M. Reeb Jr., $153,000.

• 1964 Como Park Blvd., Melisse M. Machnica to Matthew T. Miller, $137,000.

• 209 Aurora St., Bridget B. Mochol; Todd C. Mochol to James T. Short, $137,000.

• 6 Olde Stone Lane, Jeffrey M. Addesa to Diane Dobbin, $124,900.

• 122 South Irwinwood Road, Mark R. Lewandowski to Nathan R. Punaro, $113,000.

• 18 Madison St., Jennifer Saffire to Peter P. Kopciowski; Candace A. Kopciowski, $106,000.

• 21 Palmer Place, Paul Dommer to Michael Filice, $87,500.

• Vacant Land/9 Prairie Lane, Lancaster Land Lp to Ryan Homes of New York; Nvr Inc., $40,100.

MARILLA

• Vacant Land & 13386 Williston Road, Margaret H. Specht to Brooke Rowland; Douglas Rowland, $220,000.

• 533 Town Line Road, David Goldbach to Raymond J. Suttell, $195,000.

• 2369 Two Rod Road, Douglas L. Rowland to Amy S. Karb, $150,000.

NEWSTEAD

• 10983 Keller Road, Gregory Pecora; Maria Pecora to Jaclyn S. Convertini; David J. Convertini, $270,000.

• Vacant Land/Havens Road, Stanley R. Tatara to K&K Development of Alden, $74,000.

• Vacant Land/Schutt Road, Stanley R. Tatara; Sheila E. Tatara to Dennis D. Galenski; Andrea L. Galenski, $70,000.

• Vacant Land/Crittenden Road, C. Irving Smith to Michael B. Powers, $30,000.

ORCHARD PARK Highest price: $4,200,000 Average price: $543,396 Median price: $229,725 Number of Sales: 12

• Part of 3465 Southwestern Blvd., Jim Ball Holdings to 3475 Southwestern Boulevard Llc, $4,200,000.

• 9 Winterhall Road, Susan A. Williams; Richard C. Williams to Timothy Smith; Clare McGee Smith, $415,000.

• 18 Airmont Drive, Ryan Homes of New York; Nvr Inc. to Larry D. Lamb; Lisa M. Lamb, $361,940.

• 56 Tanglewood Drive W, Thomas F. Hughes; Sheila G. Hughes; Thomas F. Hughes III to Mark Stuart; Graeme Kirk, $262,000.

• 7455 Jewett Holmwood Road, John D. Debarbieri to Robert J. Krug; Nicole E. Krug, $239,900.

• 4569 Duerr Road, Ronald J. Phillips; Sandra L. Phillips to Daniel D. Klauck, $239,450.

• 27 Errington Terrace, Larry W. Knaus to Cristina J. Northway; Charles G. Northway Jr., $220,000.

• 82 Elmtree Road, Christine M. Slater; Michael R. Slater Sr. to Brian A. Bonitati; Sara A. Bonitati, $177,000.

• 10 Stepping Stone Lane, Mary Anne Obenshain; Scott L. Obenshain; Donna J. Spencer to Richard Leonard; Patricia Ryan, $165,000.

• 3752 Abbott Road, Karen Todd; Karen Dionne; Michael R. Todd to Chelsey Kenlon; J Keegan McNichol, $115,460.

• 43 Redbrick Road, Thomas J. Johnson Construction Inc. to Scott A. Berchtold; Pamela M. Berchtold, $75,000.

• Vacant Land/North Freeman Road, Paradigm Hamburg Land Investments to Taliesin Development, $50,000.

SARDINIA

• 10549 Savage Road, Richard D. Smith to Bridget B. Mochol; Todd C. Mochol, $138,000.

CITY OF TONAWANDA Highest price: $149,500 Average price: $92,083 Median price: $84,950 Number of Sales: 12

• 105 Idlewood Drive, Dawn A. Panepinto; Dawn A. Carella to Justine M. O’Neill; Frank B. O’Neill Jr., $149,500.

• 152 Linwood Ave., Donna Sentz; Daniel Sentz to Christopher A. Miller; Jamie R. Rudzinski, $130,000.

• 221 Wadsworth Ave., Karen L. Young; Keith J. Smith; Charline L. Smith to Stephen D. Bentley, $108,000.

• 37 Eugene St., Denise E. Strasburg; John W. Strasburg Jr. to Annmarie Spaulding; Bryan J. Legge, $104,900.

• 13 Simson St., Timothy T. Ivancic to Lesley D. Youngs; Hand O. Leehr, $87,000.

• 283 Willowbend Road, James M. Reimondo to Tracey A. Ligammari; David A. Ligammari, $85,000.

• 298 Adam St., Thomas C. Neaman; Lenora A. Crelot to Daniel S. Caruso; Katarina N. Silvestri, $84,900.

• 175 Main St., Nestor Vaillancourt; Joan Vaillancourt to Vellmir R. Tomic, $84,800.

• 96 Ilion, Kelli M. Treichler; Kelli M. Bennett to Brendan P. Fitzgerald, $80,000.

• 103 Fletcher St., James T. Rhoades to Rebecca Bostad, $69,000.

• 286 Canton St., Kyle T. Freer; Amanda M. Palmer; Amanda M. Baker to Sandra M. Viscuso, $68,900.

• 296 Delaware St., Greenpoint Mortgage Loan Trust; Mellon Bank of New York to Nancy Kenner, $53,000.

TOWN OF TONAWANDA Highest price: $866,500 Average price: $156,321 Median price: $121,750 Number of Sales: 24

• 242 Delaware Road, Joseph Curcio to 242 Delaware Llc, $866,500.

• 334 Delaware Road, Forest Landes Jr.; Deborah Landes to Heritage Restoration, $260,000.

• 87 Country Gate Lane, Kimberly L. Price; David R. Price to Jun Huang Liu; Xiao Yan Zhang, $190,000.

• 2645 Colvin, Deborah A. Przybysz to Anthony J. Demarchis; Barbara J. Demarchis, $171,000.

• 880 Delaware Road, Gail S. Hansen to Sarah A. Kline, $168,000.

• 1735 Colvin Blvd., Michelle Capitano; Peter Capitano to My Palomino Llc, $155,000.

• 362 Fayette Ave., Thomas L. Smith; Deborah A. Smith to Tracy A. Fanaro; Patrick M. Hennessy, $147,900.

• 58 Neumann Parkway, Kelly A. Diarra; Cheick T. Diarra to Jacob Louis Barnett, $139,000.

• 57 Harding Ave., Paul J. Tagliarino; Duane M. Barwell to Jennifer A. Boyle; Kevin J. Boyle, $132,000.

• 259 McKinley Ave., Stephen J. Tomasello to Aakta A. Patel, $130,000.

• 119 Marian, Arthur P. Jeziorski; Katherine M. Jeziorski to Brian R. Pernick; Kari M. Pernick, $127,000.

• 222 Nassau Ave., Mary E. Finn; James J. Finn to Anna L. Lau, $122,500.

• 247 Dupont Ave., Ross A. Allen to Samuel Gonzalez; Mary E. Gonzalez, $121,000.

• 356 Knowlton Ave., Jessica Pawlak; Jessica Adams to Robert N. Pawlak, $119,900.

• 96 Joseph Drive, Suzanne Louise Giese; Suzanne L. Giese to Anna Muscato; Thomas Muscato, $111,000.

• 44 Coventry Road, Anthony Gumina; Frances Rosokoff to Joseph Campione, $107,000.

• 511 Woodstock Ave., Ellary J. Mori; David R. Mori to Todd A. Schifferle, $106,000.

• 216 Wendel Ave., Nancy A. Ranallo; Nancy A. McDonald to Yixian Chen, $99,500.

• 98 Cable St., Anthony J. Lana; Joseph E. Moore to Wells Fargo Bank, $98,706.

• 67 Stillwell, Irene M. Steszewski to William R. Bieniek; Amanda L. Bieniek, $96,100.

• 233 Darlington Drive, Salvatore J. Lotempio; Ronald R. Bucheker; Donald J. Bucheker; Debra A. Kuzdzal to Christine M. Edel, $95,000.

• 51 Fenwick Road, Mark C. Rawls; Bruce G. Rawls to Colleen M. Pawlowski, $78,500.

• 80 Vulcan St., Duane W. Burkhard; Patricia A. Burkhard to Mariah H. Toledo, $63,600.

• 189 Wrexham, Kathy Lyn Parrish; David W. Parrish to Household Finance Realty Corporation of New York, $46,500.

WALES

• 12823 Old Big Tree Road, Herbert Jahn; Margaret Jahn to Michael Watkins, $280,000.

• 12027 Centerline Road, Margaret E. Hannah; Loring A. Hannah to Nationstar Mortgage, $184,498.

• 6731 Hunters Creek Road, Paul N. Jueckstock; Ruth G. Jueckstock; Diane R. Koch to Cynthia H. Macris, $54,000.

WEST SENECA Highest price: $232,000 Average price: $111,577 Median price: $116,665 Number of Sales: 20

• 34 Kauderer Place, Jozefa Sajecki; Stanislaw R. Sajecki to Thomas Szopinski; Nicole E. Piasecki, $232,000.

• 424 Bullis Road, Domonic Colosimo to Michael D. Conti, $185,000.

• 99 Suburban Court, Carolan M. Crehan; William M. Crehan to John P. Emhof; Kathleen M. Emhof, $182,000.

• 440 Seneca Creek Road, Robert W. Simons to Branden A. Hageman, $152,000.

• 270 Oakbrook Drive, Dawn M. Piatkowski; Michael T. Piatkowski to Gary Steven Golab, $147,500.

• 39 Tampa Drive, James M. Sullivan Jr. to Melissa Polanski; David Tilley, $137,000.

• 299 Angle Road, Stanislawa Czechowski; Stella B. Czechowski to Scott Winarski, $135,000.

• 185 Aurora Ave., Kevin P. O’Brien; Gloria L. O’Brien to Jeremy J. Schnaufer; Christa A. Schnaufer, $130,200.

• 201 Leocrest, Roy A. Ledwin to Michelle M. Wynia, $121,000.

• 88 Leocrest Court, KHJE Holdings to David Saldana; Ethel Saldana, $119,000.

• 178 Mill Road, Robin Yates to Elissa L. Tirado, $114,330.

• 118 Emporium Ave., EBR Enterprises to Stephen J. Nawotniak, $111,000.

• 141 Woodcrest Drive, Caroline Wzientek to Sarah Seiser; Nicholas R. Beckman, $110,000.

• 50 Garden Ave., Mary M. Brigham; Clayton M. Brigham to Sean P. Mulhall, $109,000.

• 107 Hi View Terrace, Marian Nelson; Marian A. Nelson to Olivia R. Antecki, $96,500.

• 377 Reserve Road, Frances J. Bitterman to Gary M. Roetzer, $90,000.

• 330 Fisher Road, TPS Real Properties Inc. to Gary A. Bernardo; Jo Ann M. Derry-Bernardo, $40,000.

• 192 Boncroft, Robert Kaminski; John Kaminski to Robert Kaminski; Lynn Kaminski, $10,000.

• Vacant Land/1105 East&West Road, Christine Robbins; Christine Globa; Mary E. Dafchik; Stephen J. Globa; James J. Globa to David Avino, $5,000.

• Vacant Land/357 Angle Road, Christine Robbins; Christine Globa; Mary E. Dafchik; Stephen J. Globa; James J. Globa to David Avino, $5,000.

Niagara County Real Estate Transactions

$
0
0
CAMBRIA

• Shenk St., Diane L. Fritton to Amy Petree; Travis Petree, $115,000.

• 4636 Ridge Road, County of Niagara to Lyle K. Evans, $18,603.

HARTLAND

• 2664 Bishop Road, County of Niagara to Johnathan Eckborg, $33,000.

• 2499 Carmen Road, County of Niagara to Michael C. Corraine, $25,000.

• 9035 Ridge Road, County of Niagara to Kegan Llc, $23,000.

• 3608 Carmen Road, County of Niagara to Michael A. Shepard, $18,000.

• Seaman Road, County of Niagara to Fred Kulikowski, $5,000.

LEWISTON Highest price: $218,000 Average price: $79,425 Median price: $50,000 Number of Sales: 13

• Cherry Lane, Kelly A. Marotta; James S. Marotta to Thomas P. Asklar; Kelli L. Asklar, $218,000.

• Porter Center Road, Gordon L. Nelson to Jamus T. Jegier; Briana J. Jegier, $180,000.

• Ox Bow Lane, Thomas P. Asklar; Kelli L. Asklar to Christopher J. Lachick, $175,000.

• Ridge Road, Donna L. Kinney to Vanessa L. Vincent, $127,730.

• Dickersonville Road, Denise A. Wozniak to Amanda Jo Kukovica; Nicholas S. Difelice, $114,000.

• 5153 Dana Drive, County of Niagara to Mark D. Grossman, $90,000.

• 997 Brookside Drive South, County of Niagara to Jill L. Boland, $50,000.

• 5903 Ward Road, County of Niagara to Daniel C. Davidhazy, $22,152.

• 428 Aberdeen Road, County of Niagara to Thaddeus Fita; Mary Collesano, $15,953.

• 5966 Hyde Park Blvd., County of Niagara to John E. Hagerman, $15,492.

• Dutton Drive, County of Niagara to Thomas A. Cumbo, $12,000.

• Pletcher Road, County of Niagara to Heather Ann Giambra, $6,500.

• 2934 Lower Mountain Road, County of Niagara to James J. Faso Jr., $5,700.

LOCKPORT Highest price: $150,000 Average price: $58,367 Median price: $40,500 Number of Sales: 12

• Mccollum St., Aaron L. Schwartz; Steven A. Savigny to Tereza Gallineau; John P. Gallineau; Jozef Bajus, $150,000.

• East Ave. & Vine St., James Haehl; Jean P. Wise to Sarah J. Matteson, $114,000.

• Vine St., James Haehl; Jean P. Wise to Sarah J. Matteson, $114,000.

• Spruce St., Amanda B. Schaus to Nicholle E. Hannigan, $89,000.

• Gooding St., Crestview Property Holdings to Leeanne Merriam, $49,900.

• Prentice St., Jeffrey D. Smith to Lisa M. Crandall, $49,000.

• Clinton St., Mary Ferruzza; Mary T. Ferruzza; Samuel C. Sansone to Roger J. Platt; June M. Platt, $32,000.

• Washburn St., John Rinaldo to Thomas Cassenti Jr.; Carla L. Cassenti, $30,000.

• East Ave., JB Enterprises to Melinda Kay Richards, $28,500.

• Columbia St., John J. Rinaldo; Michelle L. Rinaldo to Thomas Cassenti Jr.; Carla L. Cassenti, $20,000.

• South St., Raja N. Moorthy to Petar Zecevic, $12,000.

TOWN OF LOCKPORT Highest price: $170,000 Average price: $90,121 Median price: $81,000 Number of Sales: 10

• Leete Road, Betty A. Tolli; Pasquale J. Tolli to Edward Pietrowski; Melanie Pietrowski, $170,000.

• Badger Road, Rita Upson; Jennifer U. Steiner to Scott A. Tanyi; Jennifer J. Tanyi, $155,000.

• Purdy Road, Michael D. Cavalieri Sr. to Katherine B. Trombley, $126,500.

• Eastwood Drive, Sarah E. Benedetti to Michaeleen Boudeman, $95,000.

• 6385 Erna Drive, County of Niagara to Mark D. Grossman, $87,000.

• Cambridge Drive, Worthington Ridge Condo Unit 4821-B, Jane E. Allan to Glodyle A. Zigrossi, $75,000.

• 7498 Fairview Drive, County of Niagara to Kegan Llc, $49,000.

• 6700 Lincoln Ave., County of Niagara to Thomas J. Sparks; Michael R. O’Neil, $44,210.

• 5480 Old Saunders Settlement Road, County of Niagara to Donna Lee Bailey; Douglas L. Bailey, $24,500.

NEWFANE

• Lockwood St., Kyle R. Andrews; Patricia A. Boye to Dean Walker, $35,600.

• 6016 Collard Ave., County of Niagara to James W. Hedley, $33,000.

• 2795 Main St., County of Niagara to Michael Florio, $25,000.

• 6532 Dale Road, County of Niagara to Judith A. Wasik; Richard C. Wasik, $21,973.

• 1538-5839 Cooper St., County of Niagara to Scott Hedley; Tina L. Hedley, $19,186.

• 6271 Driveake Settlement Road, County of Niagara to Mark R. Barnett; Yvette M. Buzard; Yvette M. Barnett, $9,664.

NIAGARA FALLS Highest price: $500,000 Average price: $85,929 Median price: $75,000 Number of Sales: 23

• 402 & 430 Buffalo Ave., Orbit Properties to Merani Hospitality Inc., $500,000.

• Beechwood Circle, Robert R. Villani; Sandra R. Villani to Yolanda M. Levesque, $185,000.

• 5320 Grauer Road, Scott A. Movesian to Willard A. Rice; Angela M. Malaney, $135,000.

• Parkview Drive, Christine Pagano; Daniel Pagano; Michael Pagano to Salvatore O. Cioffi, $104,000.

• Meadowbrook Road, Jason A. Zona to Michael J. Patronski; Tara L. Patronski, $101,867.

• 1143 Pasadena Ave., Donna J. Matchett to Wayne E. Cooper, $100,000.

• 81st St., Jennifer A. Smith; Jamie R. Smith to Nicholas P. Lepiane, $96,000.

• 60th St., Roger Fortin; Agnes H. Fortin to Jacquelin M. Lord; Benjamin F. Lord, $93,000.

• 80th St., John R. Bottom; Marian M. Bottom to John A. Bottom, $89,000.

• 88th St., Brett K. Young; Traci L. Bucelata-Young to Paul J. Annis, $83,500.

• 1126 Lasalle Ave. & 474-476 20th St. & 535-537 20th St. & 2233 Michigan Ave., Double K Consulting III to LNMS Properties Inc, $80,000.

• 81st St., Jennifer J. Marszalkowski to Louis E. Townsend; Sandra C. Townsend, $75,000.

• 98th St., Terry G. Schumacher to Robert C. Kerns III, $67,000.

• 91st St., Thomas J. Crawford; Patricia A. George to Elaine T. Mangino, $60,000.

• 71st St., Paul J. Janese; Theodore W. Janese Jr. to Phyllis Stallard; Michael Stallard, $38,000.

• 8209 Porter Road, County of Niagara to Niagara Homes of WNY Inc., $36,000.

• 2020 Grand Ave., Mary Ann Rosini; Molly Webber; Mary A. Lafornia to Molly Webber; William E. Webber, $34,000.

• 8135-8139 East Britton Drive, County of Niagara to Keith Baker, $29,500.

• 153 63rd St., Charles J. Chiarenza; Laura M. Chiarenza to Mary Ann Murphy, $19,009.

• 2914 Nevada Ave., County of Niagara to Olcott Properties, $14,000.

• 6th St., Roberta Shelton; Wiltcher Shelton Jr. to Anthony Sirianni; Deborah Sirianni, $14,000.

• 3031 Panama St., County of Niagara to Wallace J. Rowell, $12,500.

• 7th St Townsend Place, Buffalo Niagara Falls Real Estate to Rana Muhammad Nadeem-Ul Hassan; Hassan Rana Muhammad Nadeem-Ul, $10,000.

NORTH TONAWANDA Highest price: $238,400 Average price: $106,804 Median price: $100,500 Number of Sales: 14

• Daigler Drive, MCW Construction Inc. to Keith A. Mckay; Christine P. Mckay, $238,400.

• Bowen Drive, Carolyn Stone; Carol Confer to Aric C. Kopf, $172,500.

• 1514 Jamaica Square, Thomas P. Meranto to US Bank, $168,916.

• Jefferson Ave., Troy Haner; Lynda S. Haner-Mele to Sean Morningstar, $165,000.

• 237 Goundry St., Michael J. Skuce to 316 Fletcher Llc, $139,000.

• Wright Ave., Karl E. Schmelz to Daniel J. Murray, $115,000.

• Brentwood Drive, Andrew G. Siradas; Jennifer L. Bressette to Ashley M. Beamish, $101,000.

• Duane Drive, Estelle Hunt; Keith A. Bell; Stella J. Hunt to Mark R. Utzig; Jessica R. Bell, $100,000.

• Felton St., Joseph A. Pirk to Craig J. Pyszczynski, $78,440.

• Falls Blvd., William R. Shomers; William F. Shomers to William R. Shomers, $64,000.

• Walck Road, Carol A. Polek to Thomas Mcgann, $52,000.

• Carruthers Place & Miller St., Christopher J. Maziarz; Teea R. Maziarz to Allison M. Vanhorn; Dale G. Davis, $36,000.

• Miller St., Christopher J. Maziarz; Teea R. Maziarz to Allison M. Vanhorn; Dale G. Davis, $36,000.

• Simson St., Patricia H. Yahr to Muriel Rua; Joseph M. Rua, $29,000.

PENDLETON Highest price: $360,000 Average price: $162,732 Median price: $137,500 Number of Sales: 9

• Seneca Court, Judy K. Bykowski; Michael B. Bykowski to Leenna Schulte; Garth C. Schulte, $360,000.

• Devonshire Lane, Ryan Homes of New York; Nvr Inc. to Jennifer A. Birkemeier, $319,960.

• Devonshire Lane, Ryan Homes of New York; Nvr Inc. to James A. Adams; Barbara L. Adams, $259,295.

• Main Road, Tammy L. Skorka; Tammy L. Rydza to Jamie R. Smith, $137,500.

• Mapleton Road, Shear Color Inc. to Kenneth R. Sherk, $30,000.

• Donner Road, Mary Lynn Carubba; Susan J. Ernst; Russell T. Alba to Katherine Benedict; Dudley G. Benedict, $20,000.

• 5654 Tonawanda Creek Road, County of Niagara to Clay B. Schroeder; Janet F. Schroeder, $11,469.

• 7091 Townline Road, County of Niagara to Conrad J. Janik, $5,000.

PORTER

• Church St., Sandra Gilbraith; Richard N. Gilbraith to John Bullington, $170,000.

• 1312 Cain Road, Kim Smith; Donald G. Smith to Joelle Pawlikowski; Brian D. Keil, $105,000.

• Blairville Road, County of Niagara to Edward J. Hess; William E. Joseph Jr., $35,000.

• 2021 Balmer Road, County of Niagara to Christine A. Reed, $23,181.

• Ransomville Road, County of Niagara to Karl R. Blair; Kristine R. Gedeon, $7,500.

ROYALTON Highest price: $400,000 Average price: $60,308 Median price: $18,500 Number of Sales: 16

• Chestnut Ridge Road, Thomas Lewis to AM Farms, $400,000.

• Peet St., Thomas V. Lovejoy; Roberta M. Lovejoy to Matthew S. Burch; Katherine L. Burch, $190,000.

• 4727 Cottage Road, County of Niagara to Julie Anne Diel, $85,000.

• Central Ave., Brandon M. Sacco to Samantha Handley; Christian Handley, $77,910.

• 4440 Main St., County of Niagara to McCollum Farm Partnership, $40,000.

• 4807 Cottage Court, County of Niagara to Michael Skomski, $38,000.

• 9951 Mountain Road, County of Niagara to Matthew Karlak, $26,000.

• 7955 Telegraph Road, County of Niagara to Alan Roath, $19,000.

• 8391 State St., County of Niagara to Olcott Properties, $18,000.

• 7946 Chestnut Ridge Road, County of Niagara to Clay B. Schroeder, $15,711.

• 9747 Watson Ave., County of Niagara to Stacy L. Kleitz; David S. Uschold, $15,299.

• 29 Main St., County of Niagara to Carrie Tag, $12,500.

• 8394 Park Ave., County of Niagara to Olcott Properties, $9,000.

• 7588 Dysinger Road, County of Niagara to Brian T. Hy; Andrea E. Hy, $6,500.

• Fairview Drive, County of Niagara to McCollum Farm Partnership, $6,500.

• Mackey Road, County Niagara to David J. Pratt, $5,500.

SOMERSET

• Quaker Road, Mark Adams to Richard M. Tomaino Jr., $115,000.

• 9668 Hall Road, County of Niagara to Paula A. Cramer, $8,000.

• 1678 Quaker Road, County of Niagara to Michael Skomski, $6,500.

WHEATFIELD

• Ashwood Drive, Vanderbilt Properties Inc. to Ralph R. Sollie Jr., $389,900.

• Ward Road, Tracy S. Fleischman; Robert A. Fleischman to Tracy J. Mallon; Christopher M. Mallon, $130,000.

• 2853 Niagara Falls Blvd., County of Niagara to Shauna L. Amato, $26,000.

• 6782 Sy Road, County of Niagara to Niagara Homes of WNY Inc., $22,500.

• Nash Road, Pamela Bellreng; Clark A. George to Richard J. Roetzer, $20,000.

• 2496 Niagara Falls Blvd., County Of Niagara New York to Christopher Rosky, $14,537.

• 2465 Old Falls Blvd., County of Niagara to Kim Tipton, $6,000.

WILSON

• Harris Road, Mary Beth Volpe-Safee; Mary Beth A. Hailey to Matthew J. Ziembiec; Theresa M. Ziembiec, $115,000.

• Youngstown-Lockport Road, James E. Skorik; Melissa S. Skorik to Jason Danielewicz, $70,000.

• 2348 Washington Ave., County of Niagara to Tamara Vekich; Frank Vekich, $19,000.

• 92 Sunset Island, County of Niagara to Leonard A. Zeintara; Sandra A. Zeintara, $17,564.

• 434 Young St., County of Niagara to Jimmy Lynn Goode; Glenda M. Goode, $15,005.

• 2341 & 2343 & 2345 Lincoln Ave., County of Niagara to Timothy A. White, $7,500.

Business People: Kenmore Mercy names Dr. Harry E. McCrea II chief of cardiology

$
0
0
Kenmore Mercy Hospital appointed Dr. Harry E. McCrea II chief of its cardiology department. McCrea is a graduate of the University of North Carolina School of Medicine and served an internal medicine residency and cardiology fellowship through the University of Rochester at Strong Memorial Hospital.



H.E.A.R.T. (Helping Empower At-Risk Teens) appointed Ronjonette Harrison executive director. Harrison began with the agency in 2008 as a board member. She holds a bachelor’s degree from SUNY Buffalo State and a master’s from Stony Brook University.



The law firm of Cantor, Dolce & Panepinto promoted Sean E. Cooney to equity partner. Cooney joined the firm as a law clerk in 2005 and has worked at the firm as an associate since 2008. He received his bachelor’s degree from Saint Louis University and his JD from the University at Buffalo School of Law.



The Niagara Frontier Transportation Authority appointed John A. Oborn chief information officer. He holds degrees from Rollins College, Ohio State University and an MBA from Florida Institute of Technology. Oborn was chief information officer at CRIF Lending Solutions in Baton Rouge, La.



The accounting firm Brock, Schechter & Polakoff promoted Melissa A. Stevener and Kevin Majchrowicz to principals. Stevener, a CPA, received her bachelor’s degree from the Geneseo State College. Kevin Majchrowicz, a CPA, graduated from the University at Buffalo.



The University at Buffalo School of Medicine and Biomedical Sciences named Dr. Peyman Shirani assistant professor of neurology. Shirani trained in neurology at Baylor College of Medicine in Houston, Texas and as a fellow in vascular neurology at University of California San Francisco.

Foit-Albert Associates, Architecture, Engineering & Surveying appointed Gregory R. Carballada interim president. Carballada, most recently vice president, architecture, has been with the agency for 14 years. Carballada holds a bachelor’s degree from the University at Buffalo and is LEED certified.



The Food Bank of Western New York appointed Carol A. Palumbo agency services director. Palumbo was the family development and nutrition supervisor for the Niagara Community Action Program in Niagara Falls. She is a Niagara County Community College graduate.



UBMD Internal Medicine named Dr. Siva Harsha Yedlapati to its practice. Yedlapati received his bachelor of medicine and bachelor of surgery from Siddhartha Medical College, India, and a master’s in public health from the University of Illinois at Springfield. He completed his internship and residency at the UB School of Medicine and Biomedical Sciences. Also, the medical practice named Dr. Roslyn R. Romanowski to its professional staff. Romanowski earned her medical degree from UB, did her internship at Brown University/Rhode Island Hospital, and her fellowship in hematology at Harvard Medical/New England Deaconess Hospital.



McGuire Development Company named David W. Supon sales manager. Supon was director of operations and business development for Vertus Technologies Industrial. He holds an associate’s degree from Erie Community College.

Temple Beth Tzedek appointed Joseph Enis executive director of the congregation. Enis, a Harvard College graduate, was on the Web team at Kaleida Health.



Westminster Presbyterian Church appointed Garrett F. Martin, of Austin Texas, director of music ministries.
Viewing all 8221 articles
Browse latest View live