Rochester Business Journal Leading source of business news and information in Rochester, N.Y.

Ellison Heights Apartments, a higher-end living community in Penfield, has undergone a change of ownership. Joe Alloco, president of Brighton-based Alloco Real Estate Management, said he has bought the apartment community from Robert Morgan. The transaction, with a purchase price of ...

The glory days as a hotel had long since passed for the Normandie building on Alexander Street. Gone, too, were the times when the dining and drinking establishments inside the one-time landmark could make money. Or draw clientele. And in ...

Jim Swetman had already been in front of the planning board, had secured the necessary approvals as well as a tax break, and was ready to sign the contract for construction of a new commercial real estate venture in Farmington. ...

Several area colleges and universities have made arrangements at local hotels to provide quarantine options for students returning from states deemed hot spots by Gov. Andrew Cuomo. With a mandatory 14-day quarantine requirement in place for students coming from the ...

Citizens Bank has provided a $22.4 million direct pay letter of credit to assist with the development of the senior living community adjacent to the former Medley Centre in Irondequoit. The funding serves as a credit enhancement for the issuance ...

Lord & Taylor, which filed for bankruptcy on Sunday, is closing its only store in the Rochester area, part of a restructuring attempt by as one of the nation’s oldest retailers. A liquidation sale will get underway at the Lord ...

Two local firms specializing in engineering, planning and architecture — and whose offices on the west side of downtown Rochester are all of two blocks apart — were named to the Zweig Group’s 2020 Hot Firms List. Barton & Loguidice ranked 71st ...

As Congress continues negotiations on the next federal relief package, Republicans are pushing legislation that would provide immunity for businesses from COVID-19 liability lawsuits. The American Bar Association hasn’t taken an official stance on the matter, but there are plenty ...

Financial Institutions, Inc., the parent company of Five Star Bank, reported net income of $10.8 million, or 67 cents per share, for the second quarter of 2020. Those figures compare to net income of $11 million and per-share earnings of ...

Drive along Route 332 in Farmington and, behind the Taco Bell just south of the intersection of Route 96, you’ll see construction is underway on a new Microtel by Wyndham hotel. That someone would be building a hotel as a ...

Jason Ballard, head professional at Oak Hill Country Club, has been named 2020 PGA Merchandiser of the Year — Private Category. The award recognizes the PGA professional who has excelled in business and merchandising in the promotion of golf. Ballard has ...

Employees at the Amazon Delivery Station in Rochester will distribute 1,000 backpacks and school supplies to families and students in an effort to help with summer learning and the potential of remote learning in the fall. Amazon, which collaborated with ...

Restrictions on how real estate agents could conduct business, along with hesitancy of buyers and sellers to venture into the market during a pandemic, led to a dramatic drop in new listings of homes and closed sales during the second ...

A new enterprise focused on breaking down employment barriers for job-seekers has opened in Rochester. Greyston, a social justice undertaking based in Yonkers, launched the Rochester Center for Open Hiring. The purpose is to help create pathways to job opportunities ...

Tony Holmes has been named vice president/director of mortgage lending at ESL Federal Credit Union. With more than 15 years of experience in the banking industry, Holmes joins ESL from Bank of America, where he served as senior vice president/sales ...