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Albany Business Review
These are America's most-delayed flights
Airlines are expecting record-breaking traffic for the summer — and for the July Fourth holiday — but fliers on many routes would be wise to build in some extra time for their travel plans. <\p> That's according to an analysis by The Business Journals of the latest on-time data from airline analytics company Cirium Inc. The analysis looked at routes with at least 20 flights. <\p>
Clifton Park office park getting new warehouses, tenant
21st Century Park in Clifton Park is getting a new commercial tenant, and two new warehouses that don't yet have a tenant.<\p> The property at 1315 Route 146 features an odd-looking, 1970s-era pre-cast concrete building set back far from the road, along with a 30,000-square-foot metal warehouse.<\p>
New restaurant on Wolf Road aims for fall opening
The former Warehouse Grill & BBQ restaurant on Wolf Road is set to become a Mexican restaurant. <\p> The property at 219 Wolf Road will be Don Tequila Mexican Cantina this fall, restaurant owner Jose Castaneda said. <\p>
New Wolf Road restaurant will be owner's 15th
The former Warehouse Grill & BBQ restaurant on Wolf Road is set to become a Mexican restaurant. The property at 219 Wolf Road will be Don Tequila Mexican Cantina this fall, restaurant owner Jose Castaneda said. He signed the lease about a month ago and renovations are underway. He is...
Albany airport awards contract for next big improvement
With a $100 million terminal expansion already well underway, a contract has been awarded for the next big improvement at Albany International Airport — one that could bring more airline options for travelers.<\p> AOW Construction LLC of Albany was the lowest of four bidders who competed for the contract to upgrade Concourse A, the oldest of the three boarding/waiting areas at the airport.<\p>
Albany airport awards contract to add two passenger gates
See Correction/Clarification at the end of this article. With a $100 million terminal expansion already well underway, a contract has been awarded for the next big improvement at Albany International Airport — one that could bring more airline options for travelers. AOW Construction LLC of Albany was the lowest...
Hudson office building, formerly a cannonball factory, for sale
The Cannonball Factory — an industrial building in Hudson that was converted into retail and professional offices and was previously leased to the e-commerce firm Etsy — is for sale. The 22,000-square-foot building at 359 Columbia St. was recently listed for $8.5 million and has generated interest from...
Among small businesses, there's a huge divide on finances
The smallest businesses are the ones most likely to be struggling, as larger small businesses report better conditions.<\p> The latest data from the Federal Reserve’s Small Business Credit Survey — released earlier this year but since followed up with a more detailed breakdown by size and demographics — shows how, even within the realm of small businesses, there is wide variation.<\p>
Developer buys Halfmoon land for new 91-lot subdivision
A 97-acre property in Halfmoon approved for a 91-lot development sold last month for a little over $5 million. <\p> The former farmland at 165 Farm-to-Market Road is the future site of the Mott Orchard Planned Development District. <\p>
Latham hotel sold for $9.7 million
The Hampton Inn & Suites at 45 British American Blvd. in Latham has been sold.<\p> An LLC affiliated with Matrix Hotels in Clifton Park sold the hotel to SHRI Hari Inc. of Johnstown for $9.72 million, according to a deed filed in the Albany County clerk's office.<\p>
Troy gets proposals for new, permanent city hall
The city of Troy received eight proposals for a new, permanent city hall by the June 28 deadline, Mayor Carmella Mantello announced.<\p> An in-house committee will review the submissions, conduct interviews and narrow down the choices.<\p>
Local restaurant group buys spot for new location, closes another
Kuma Ani is changing up its mix of locations with a real estate purchase in Latham and a closure in Albany.<\p> The ramen-focused restaurant group purchased the former Stewart's Shops building at 567 Watervliet Shaker Road in late June for $650,000. The site is a short distance from the intersection with Route 9 where Bella Napoli Italian Bakery and The Fresh Market are located. <\p>
Kuma Ani to open new restaurant at one location, ends operations at another
Kuma Ani is changing up its mix of locations with a real estate purchase in Latham and a closure in Albany. The ramen-focused restaurant group purchased the former Stewart's Shops building at 567 Watervliet Shaker Road in late June for $650,000. The site is a short distance from the intersection with Route 9 where Bella Napoli Italian Bakery and The Fresh Market are located.
Small-business grants you can apply for this month
Small-business owners might be more confident about their future, but they are still worried about inflation.<\p> That’s the big takeaway from the U.S. Chamber of Commerce's Small Business Index, conducted in partnership with MetLife, which hit the highest level of optimism since early 2020, with about 73% of business owners expecting their revenue to grow in the next year. <\p>
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