Strictly Business

From Business Today:

Who says Buffalo real estate prices are low? The beautiful HealthNow headquarters downtown just sold for $84.5 million, the second highest price ever paid for a building in Buffalo. (The HSBC Tower was sold for $95 million six years ago.) The sale will not affect the use of the building; it remains HealthNow's headquarters. Cole Real Estate Investments of Phoenix bought the glass covered building from its builder, Duke Realty Corp. of Indianapolis.

Moog Inc. has been doing things right for a long time. The East Aurora-based aerospace manufacturer has diversified into industrial machinery, wind turbines and medical devices. It's stock price has risen more than 30 percent in the past year. And it has a new young president, John Scannell. CEO Robert Brady is justifiably proud.

The Niagara County IDA has given some tax breaks to a Canadian cardboard box maker called HT Productions, a company owned by Whitebird and National Corrugated of Hamilton, Ont. The company plans to convert a former winery at 1707 Ridge Road in Wheatfield into a box factory.

The Statler Tower saga got postponed for another week. Developer Mark Croce still hopes to gain control of the landmark, although the City of Buffalo may hold the title.

Who is getting honored, hired and promoted?