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WBEN Buffalo Business Report - Monday, May 24th 2021

Local gas prices hit $3 per gallon

Gas prices for the Buffalo-Niagara Falls metro area jumped another four cents this week. That means, according to the AAA, it costs $3 per gallon of unleaded here.

Business First reports that despite indications Samsung had centered on Austin, Texas for its proposed US based $17 billion semiconductor production facility. a final decision has not yet been made.  Samsung all still considering a site at the STAMP site on Route 63 in the Genesee County Town of Alabama, as well as a place near Phoenix, Arizona.  This chip pant is being sought primarily because it would bring about 1,900 jobs.  A final decision could come late this summer.


Also from Business First, a Toronto investor has paid $2.2 million for a property anchored by the WellNow Urgent Care center at 4909 Southwestern Boulevard.

A local investment group has purchased a multitenant medical office building at 40 North Union Road in Amherst for $1.3 million.  The purchase was made by 40 N. Union LLC from Forty North Union Professional Building Associates.