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U.S. awards $9 million to whistleblower

The U.S. Department of Justice announced Tuesday PHH Mortgage Corp. has agreed to pay the United States over $74 million to settle claims that loans originated by PHH that were insured by the U.S. Department of Housing and Urban Development’s ...

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Rents are more affordable in Rochester

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Rochester has more affordable rents than other cities across the country, a study by Apartment List Inc. found. Rent growth here has remained stable in 2017 where other cities  have had increases and a small amount of cities have seen ...

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Mixed-use development Pinnacle North now open

Pinnacle North—a $120 million, 21-acre, mixed-use development—held its grand opening Monday at 20 North Shore Blvd. in Canandaigua. The first tenants of Pinnacle North moved into the development in March. The project first broke ground in July 2015. Tenants such ...

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Mark IV sells Legacy

One of the region’s largest real estate developers has divested its senior living communities. Mark IV Enterprises Inc. has sold its 10 Legacy senior living communities to Tucson, Ariz.-based Watermark Retirement Communities. Terms of the deal, expected to close Aug. ...

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Hanna Holdings acquires 1st Priority Mortgage

Hanna Holdings Inc.—the parent firm of Howard Hanna Real Estate Services, Nothnagle Realtors and RealtyUSA—has closed on the acquisition of 1st Priority Mortgage Inc. and Nothnagle Home Securities, officials announced Wednesday. The transaction was approved by shareholders May 31. “We ...

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Wegmans to expand to Washington, D.C.

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Wegmans Food Markets Inc. is expanding to Washington, D.C. The retailer will be located in the Fannie Mae headquarters in the Tenleytown neighborhood of northwest Washington, official said. The site will be developed by Roadside Development and North America Sekisui ...

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$9.8M housing development in Gates opens

Crerand Commons II—a $9.8 million housing development in Gates—is now open, Gov. Andrew Cuomo announced Tuesday. The Crerand Commons II offers working families a chance to live in affordable homes in close proximity to public transportation, child care, and employment ...

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