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Blue Cardinal
Blue Cardinal Capital has acquired a sprawling downtown Niagara Falls real estate portfolio that includes 38 parcels, mostly along Main Street. READ MORE
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A new partnership between the City of Niagara Falls and a Buffalo-based private equity firm could make the Cataract City the poster child for a federal program designed to spur economic development in distressed cities across America. READ MORE
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Mayor Paul A. Dyster announced his Opportunity Zone Fund Strategy for the City of Niagara Falls, the first of its kind in New York State. The second largest center in the Buffalo-Niagara region and home to one of the world’s most famous natural wonders, Niagara Falls, N.Y., the city attracts approximately 8 million visitors per...
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University at Buffalo real estate development and urban planning students are exploring the effects of market and technology innovations on the built environment, thanks to support from a Buffalo-based real estate private equity firm. read more >
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Attorney Dan Ujczo (pronounced “yout-so”) enters a large room so congested with tables, chairs, television cameras and monitors that it feels cramped. At the head table, on risers slightly above the level of the seating for the working group and observers, sit the three principal negotiators for the United States, Canada and Mexico, each silhouetted...
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The Tax Cuts and Jobs Act of 2017 (TCJA) created a new economic development program named “Opportunity Zones” that provide tax benefits to investors who elect to reinvest capital gain realized from the sale of any property in a “Qualified Opportunity Fund” (QOF). The program encourages private investment in low-income communities throughout the country that...
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Last month the Blue Cardinal team kicked off what we’re calling the “Expert Forum”. It will be a monthly series in which we share our research and analysis, inside knowledge on important topics and the results of white papers we and/or our partners have done. read more >
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Observers of the real estate market in Western New York have witnessed a pace of development not seen in this region for generations. Both casual observers and industry insiders are enthusiastic about recent trends. Both see that public dollars and public project have fueled the rebirth of Buffalo. read more >
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There was no drama on this Election Day as mayors in Rochester and Buffalo won easy re-election. As incumbents Lovely Warren (D-Rochester) and Byron Brown (D-Buffalo) prepare for another term in office, they need to be planning to make sure the economies in each city are on sound footing. It will not be an easy...
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