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Recent Articles from Rochester Business Journal Staff
David Riedman
President and CEO, Riedman Companies Years in current role: 30 What are the biggest challenges you see in your industry currently? Rising interest rates have obviously increased borrowing costs. They’ve also ignited a banking crisis resulting in a tightening credit environment. That, coupled with rising costs, will make it difficult to justify moving forward with […]
Charles Hilbert
Broker/Operating Principle, Keller Williams Realty Greater Rochester Years in current role: 15 What are the biggest challenges you see in your industry currently? There has been a shortage of housing inventory now going into its third year. Investors have purchased many of the first-time home buyer homes which has pushed prices up substantially and has […]
Cathy Bianchi
Regional Vice President, Howard Hanna Years in current role: 2 What are the biggest challenges you see in your industry currently? Lack of inventory. It was a perfect storm: potential sellers re-financing their homes to pull out equity and taking advantage of low interest rates. Additionally, we had multiple long-term renters who originally delayed first-time […]
Gregory Craig
Chief Executive Officer, DGA Builders, LLC Years in current role: CEO What are the biggest challenges you see in your industry currently? Material shortages affecting pricing and delivery schedules. A good example is large electrical switch gear, which could take a year to get delivered after shop drawings and submittal approval. What do you think […]
Thomas Gears
President/CEO, SWBR Years in current role: 6 What are the biggest challenges you see in your industry currently? The design process is highly collaborative, and we have leveraged cloud technology to enable us to “work from anywhere.” The challenge is to up our game on communication and mentorship so that we maintain close personal connections […]
Karl Schuler
President, TAYLOR – The Builders Years in current role: 20 What are the biggest challenges you see in your industry currently? State regulations; qualified applicants. What do you think are the biggest real estate and construction needs in Rochester? Developable land for both multifamily housing and manufacturing. What are the most common concerns you hear […]
Matt Squires
CEO, Manning Squires Hennig Years in current role: 8 What are the biggest challenges you see in your industry currently? The impending labor shortage in the construction industry is going to be a big deal. We need to continue educating the youth and trying to change the perception about careers in construction. Turns out you […]
Thomas C. Wilmot
CEO, Wilmorite Management Group, LLC Years in current role: 45 What are the biggest challenges you see in your industry currently? The real estate industry is currently challenged by a lack of lending availability combined with a significant increase in interest rates quoted by lenders. What do you think are the biggest real estate and […]
Andrew Gallina
President, Gallina Development Years in current role: 35 What are the biggest challenges you see in your industry currently? We continue to see challenges with the cost of materials as well as sufficient labor to perform projects in a timely manner. What do you think are the biggest real estate and construction needs in Rochester? […]
John DiMarco II
President and COO, DiMarco Group Years in current role: 25 What do you think are the biggest real estate and construction needs in Rochester? The greatest need is increased market valuations of real estate. The cost of operating and creating real estate grows every year and at a larger rate than values. The value of […]
Chris Hill
VP, I. Gordon Corporation In addition to his role as VP of I. Gordon Corporation, Hill also serves as the Executive Committee Chair for Rochester Downtown Development Corporation. Hill is an avid biker and logged thousands of miles since the start of the pandemic biking to and from his downtown office in First Federal Plaza. […]
Dana Miller
Commissioner, Neighborhood and Business Development, City of Rochester Years in current role: 2 What are the biggest challenges you see in your industry currently? Developing in the city of Rochester requires a lot of effort from developers, builders, property owners and the city. Some of our biggest challenges are identifying desirable land, meeting all of […]
