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

With the foreclosure sale of the Monarch 716 apartment complex in Buffalo less than two weeks away, another student housing community developed by DHD Ventures’ partners Thomas Masaschi and Jason Teller was repossessed in February and is headed to market ...

A Florida-based mortgage lending firm has filed suit against Robert Morgan, his nephew Kevin Morgan and a limited liability company they created, alleging fraudulent filings with regard to a mortgage-backed apartment community in Watertown. The suit seeks $2.5 million in ...

As LaBella Associates celebrates a 41st year in business, what has been steady growth continues for the engineering, architecture and planning firm. Another 50 employees were added over the past year, pushing the companywide workforce to around 750. The majority, ...

Sports betting could begin at New York’s four full casinos, including del Lago Resort & Casino in the Seneca County town of Tyre, by late May, but racinos and off-track betting locations will remain shut out of the action. The ...

So you think your property taxes are high? You’re right, they are. In fact, they’re the highest in the entire country, according to data analysis released this week. Homeowners in the Rochester metro area pay the highest effective tax rate ...

The first batch of 9,000 new public safety radios manufactured by Harris Corp. have been delivered to the U.S. Department of Homeland Security’s Customs and Border Protection. The XL-200P radios are the first order from a $25.7 million contract awarded ...

REDD, a restaurant planned for the downtown space once occupied by 2 Vine, has been granted a JobsPlus Property Tax abatement and a sales tax exemption on construction materials, equipment, furniture and fixtures. The tax breaks were approved by Imagine ...

Mastodon Design LLC recently closed on the purchase of what will be its new design and manufacturing facility on Rochester’s Southeast side, city officials said. Rochester Economic Development Corp. (REDCO) sold to Mammoth Property Holdings LLC the 31,878-square-foot facility at ...

Four firms and six brokers were named Power Broker Award winners by CoStar Group. R. Scott Burdett of Flaum Management Co. Inc. won Power Broker Awards as a Top Office Leasing broker and Top Retail Leasing Broker. Steve Soja of ...

A second of the four men indicted on federal bank and wire fraud charges involving Robert Morgan-owned Morgan Communities has pleaded guilty. Patrick Ogiony, a mortgage broker at Aurora Capital Advisors in Buffalo who worked closely with Morgan’s firm, accepted ...

The music at the 2018 Xerox Rochester International Jazz Festival could be heard in Hatch Recital Hall, in the Harro East Ballroom, at the Wilder Room and on the various outdoor stages. Oh, and also from the posters that adorned ...

Skybird Landing Apartments, an affordable housing community in the Village of Geneseo, opened for tenants on Thursday. There are six buildings and 60 apartments in the $17 million housing development, a project by Gates-based DePaul Properties that is backed by ...

A succession plan two years in the making came to fruition this week at Home Leasing when founder Nelson Leenhouts stepped out of the command chair and handed the leadership reins to Bret Garwood. Garwood on Monday was promoted from ...

With an unpaid balance of more than $6 million on a mortgage and loan, the Ramada Plaza by Wyndham Rochester Airport hotel is in foreclosure and a receiver has been appointed, according to court papers filed in state Supreme Court ...

Expansion and/or improvement projects by Gateway GS LLC and Tenney Coin Laundry were approved for incentives by the Genesee County Economic Development Center (GCEDC) on Thursday. Gateway GS has plans to invest $450,000 to build out the interior of an ...