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Buffalo Business Report - Monday, February 24th 2014



According to the AAA, the current average cost for a gallon of unleaded gas is $3.71.  In the last two weeks, that cost has risen eight cents.

Krog Corporation's $50 million investment in a mixed-use development of the former Trico complex is poised to bear fruit.  Construction is expected to begin this summer, with a partial completion date of 2016.  Krog Corp. plans two hotels, apartments, commercial space and a parking garage at Trico.  Krog will work with longtime partner Hart Hotels of Buffalo on the hotel projects.

A local investment group has purchased a South Buffalo apartment complex for a reported $1.55 million.   The 32-unit complex at 323-331 Southside Parkway, has been acquired by South City Realty LLC.

Mortgage servicer PHH Mortgage Corp. has begun lay-offs at its Amherst location.  By July 2nd, 135 people will be losing their jobs.

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Topics : Business_Finance
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Locations : Buffalo
How many games would you give EJ Manuel to prove himself this season?
  As soon as he struggles he's out and Orton gets the job
  He has until the bye week(8 games)
  the full season
 
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