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Author Archives: Andrea Deckert

Xerox execs saw compensation rise in 2016

Xerox Corp.’s top leaders saw an increase in their year-over-year compensation in 2016, a filing with the Securities & Exchange Commission shows. Ursula Burns, who served as chairman and CEO, reported total compensation of nearly $14.1 million in 2016, up ...

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Golisano Center selected for Parcel 5

Parcel 5 at Midtown will be home to the Golisano Center for the Performing Arts and Tower with housing, retail shops, restaurants and additional parking, city leaders announced Friday. The $130 million project is a joint venture between Morgan Communities ...

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Photonics power breakfast draws 300 attendees

Roughly 300 people attended the event entitled “Rochester’s Photonics Future” Friday morning. Part of the Rochester Business Journal’s Power Breakfast Series, the event was held at the Radisson Rochester Riverside Hotel. Attendees learned about Rochester’s role in the American Institute ...

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Photonics ‘in a very good place’

The American Institute for Manufacturing Integrated Photonics is gaining steam in 2017 and laying the groundwork for creating a sustainable model, its leaders say. “We’re in a very good place right now,” said Robert Duffy, chairman of AIM Photonics Leadership ...

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Constellation shares soar on strong earnings, sales

Shares of Constellation Brands Inc. hit an all-time high Thursday after the wine, beer and spirits’ company reported increases in fourth-quarter profit and sales, due, in part, to demand for its beer brands. Victor, Ontario County-based Constellation Brands posted Thursday ...

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The Cornerstone Group moves into Brighton building

The Cornerstone Group Ltd. recently purchased a building on White Spruce Boulevard in Brighton that is now serving as its new location. Cornerstone moved its main offices to the building in March following a renovation of a portion of the ...

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Fairport association aims to transform local church

The Fairport Perinton Merchants Association has committed up to $50,000 to the effort to preserve the Fairport First Baptist Church and transform it into a center for performing arts. The initiative is being undertaken by the Fairport Perinton Partnership for ...

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Seneca Foods acquires all of Kentucky-based Truitt Bros.

Seneca Foods Corp. has acquired the remaining 50 percent stake in Truitt Bros. Inc. The Marion, Wayne County-based Seneca Foods now owns 100 percent of Truitt. Financial details were not disclosed. The existing management team will continue to operate Truitt, ...

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Monroe County No. 2 for home ownership

Monroe County ranks among the best places to own a home in New York, according to research from a financial technology company. Monroe County ranks second in the state, following Allegany County, according to Smart Asset’s third annual study. The ...

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Fisher faculty to study wartime patriotism with $100K NEH grant

Two faculty members at St. John Fisher College have received a grant aimed at getting Rochester-based veterans talking about duty, patriotism and loyalty demonstrated during wartime. The $100,000 grant is from the National Endowment for the Humanities. The local college ...

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Analysts expect more growth at Constellation

Analysts expect Constellation Brands Inc. to report increases in fiscal fourth-quarter and year-end sales and profit when the Victor-based beer, wine and spirits firm reports its financial results Thursday. Analysts polled by Zacks Investment Research expect the company to post ...

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Broadstone gets new CEO; Tait shifts her post

Broadstone Real Estate LLC has changed its management structure. Broadstone co-founder Amy Tait has been named executive chairman and chief investment officer of Broadstone Real Estate and its entities. She previously served as chairman and CEO. Tait said her new ...

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GRAR honored by national association

The Greater Rochester Association of Realtors was honored recently by the National Association of Realtors for its dedication to building stronger communities and local economic development. The NAR Community Outreach Award was presented to CEO Jim Yockel at the 2017Association ...

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Xerox unveils new product line (access required)

Xerox Corp. Wednesday announced its single largest product launch with devices geared toward a more technological and mobile workforce. The company unveiled a line of printers and multifunction devices that have simple and secure on-the-go capabilities, cloud connectivity and access ...

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Pinnacle North welcomes first tenants this weekend (access required)

The first residential tenants are about to start moving into Pinnacle North, the $120 million mixed-use development project on the north shore of Canandaigua Lake. Additional commercial tenants have also signed leases. They include Three Brothers Winery & Estates, which ...

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