What's Hot in Real Estate?

January 2, 2013 Updated Jan 2, 2013 at 9:07 AM EDT

By WKBW News

January 2, 2013 Updated Jan 2, 2013 at 9:07 AM EDT

After years of chasing silver bullet projects, the annual Business First real estate report says the region is seeing a transformation, with many smaller projects in the works. Developers have bought up many large properties in downtown Buffalo. As they go off the market, developers are now expanding their boundaries. Some developers say all the good, available downtown buildings are spoken for so they're buying into the trend with smaller projects outside downtown. And, they say, that fits into the current economy as well.

The report also has details on all of the high-end real-estate transactions in Erie County during the past year; more than 3,800 of them. Business First defines a high-end deal as any transaction worth $150,000 or more.

Here's a look at the biggest real estate deals of the year, all on the commercial side:

1. $35M: 3733 Union Road, Union Consumer Square
2. $29M: 1700 Walden Ave., Walden Consumer Square
3. $15M: 2011 Walden Ave.
4. $11M: 3601 Union Road, another retail plaza
5. $10M: 330 Maple Road

You can find the real estate issue on newstands or call Business First at 541-1638. Details are also available at www.buffalo.bizjournals.com.

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