December 27th, 2013
Via Buffalo Business First
by James Fink
Bill Paladino’s phone rings a lot.
As CEO of Ellicott Development Co., he’s constantly fielding calls from commercial real estate agents and fellow developers, many offering him choice properties. The calls often lead to deals.
This year was a good example.
In Erie County alone, the company acquired 17 properties totaling about $13.1 million. Ellicott Development’s activity is viewed in many quarters as a sign of confidence in the region. While total economic development in the past three years tops $8.1 billion, based on Business First research, real estate deals both large and small happened at a near-record pace in 2013.
“What we did is definitely a sign of confidence,” Paladino said. “Every indicator I’ve seen tells me the market has turned.” Read more ›