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

Total foreclosure activity in the Rochester metropolitan area plummeted in January compared to the previous year, according to recent statistics compiled by Attom Data Solutions. The January report by Attom, curator of a comprehensive national property database, showed total foreclosure ...

The vast majority of Rochester-area ZIP codes fared better than the national average when it comes to seriously “underwater” properties. The Year-End 2018 U.S. Home Equity & Underwater Report released this week by Attom Data Solutions revealed that 8.8 percent of ...

Rochester Institute of Technology’s Golisano Institute for Sustainability, housed in Sustainability Institute Hall, lists nine different laboratories. But one that’s not on the list is the biggest of all – the building itself. With power or heat or both produced by a ...

Tagged with: Diana Rodriguez Alberto Golisano Institute for Sustainability Lauren Toretta Rochester Institute of Technology Synergy BioGas Thomas Trabold

Dan Wise, founder and CEO of RealEats in Geneva, likes to say that at 4 p.m. every day, someone in every household in America has to make a decision about dinner. And that decision usually pits healthy against easy. Since RealEats began ...

Tagged with: Aliya LeeKong Dan Wise Geneva Marco Ballatori Michael Nozzolio Real Eats RealEats

The Paychex | IHS Markit Small Business Employment Watch index of small-business job growth and wages rebounded slightly in January, following seven months of declines. The Small Business Jobs Index increased 0.04 percent from December to January to 98.92, although ...

Tagged with: ihs markit Paychex

Rochester was one of 90 metropolitan areas in the country to experience at least an 8 percent year-over-year growth in construction jobs in December. Firms in the Rochester area employed 19,800 workers in December 2018, 1,500 more than in December ...

Overall confidence among Rochester’s business leaders reached a four-year high last year, and Rochester was one of two regions upstate to report an improvement in 2018, an annual report from the Siena College Research Institute (SCRI) shows. With an overall ...

Tagged with: ceo confidence scri siena

Rochester ended the year on a high note, with more jobs and a lower unemployment rate, the state Department of Labor reported this week. Rochester gained 2,700 nonfarm jobs from December 2017 to December 2018, or 0.5 percent, not seasonally ...

Tagged with: department of labor unemployment

Unemployment is low, companies are still hiring, consumer confidence is quite strong and a leading local economist believes the Federal Reserve may back away from interest rate hikes, yet the local housing market could remain stagnant because of the same ...

Suburban office and industrial space are limited commodities in the Rochester area, according to the 2019 Market Outlook published by CBRE Rochester. The report, released this week, shows a vacancy rate of just 5.7 percent for suburban industrial space. When ...

Listing price essentially meant sales price in 2018 in Monroe County, where a continuing low inventory again helped push costs higher for home buyers. With the months supply of homes at a statewide low all year, sellers in Monroe County ...

Foreclosure filings in the Rochester area dropped significantly in 2018, with total activity reaching a six-year low. Default notices, scheduled auctions and bank repossessions totaled 2,267—or one in every 0.48 housing units—for the Rochester metropolitan statistical area, which includes Monroe, ...

Confidence among upstate consumers continued to lag that of the nation and of the rest of New York State, a quarterly report from Siena College Research Institute shows. Overall confidence, which includes current and future confidence, among upstate consumers in ...

Tagged with: consumer confidence scri siena

The Paychex | IHS Markit Small Business Employment Watch index of small-business job growth and wages ended the year on a down note. For the seventh consecutive month, small business job growth was down, although hourly earnings showed moderate growth. ...

Tagged with: ihs markit job growth Paychex

The Sears store in Henrietta, for decades an anchor tenant at The Marketplace Mall, will close in late March. The store will be one of 80 Sears and Kmart locations shuttered by the once-giant retailer. The store’s auto center will ...