The Buffalo Broadcasting Company moved its stations WGR and WKBW to the building in 1922; today, the stations in the Townsquare Media cluster (WMSX, WBLK, WBUF, and WYRK) broadcast from studios in the Rand Building and have their transmitting antennas located atop its beacon.
In December 2014, the building was sold by real estate developer David L. Sweet to Paul J. Kolkmeyer, a developer and former CEO of First Niagara Bank, for $3.89 million.