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

For decades, it was perhaps the most underutilized thoroughfare in Rochester, an urban-renewal-era roadway meant to move drivers into and out of downtown in rapid fashion. In reality, the Inner Loop was very much a moat, sans water. The sunken, ...

Zweigle’s, Rochester’s homegrown meat manufacturer, plans to build a 29,000 square-foot expansion and create 33 new job after gaining state support of about $1 million in tax breaks and outright grants.  The expansion, due to be completed in late 2022, ...

Tagged with: empire state development Julie Camardo Kathy Hochul Meat Robert Duffy Zweigle's

A Rockland County-based real estate investment firm has bought eight apartment properties that were formerly owned and managed by developer Robert Morgan. Berkley Properties LLC of Nanuet earlier this month completed the purchase of Wedgewood West in Henrietta and Brockport ...

Neighbors of the now-vacant Colgate Rochester Crozer Divinity School are suing the City of Rochester, the city’s manager of zoning, a developer and the school itself, claiming environmental concerns were ignored and policy violated when rezoning of the site cleared ...

The Rochester area has the lowest risk in the nation of a housing-market downturn when the next recession hits, according to analysis by Redfin. The technology-powered real estate brokerage says the next recession most likely will not have a great ...

The national housing market may be slowing and still-low mortgage rates aren’t nudging potential home-buyers toward a purchase, the National Association of Home Builders says after analysis of a recent poll. The number of adults considering the purchase of a ...

With Syracuse Securities Inc. in the process of transitioning out of the mortgage-lending business, Pittsford-based Premium Mortgage Corp. will expand its presence in central New York. Syracuse Securities in essence will be handing over the reins to Premium Mortgage Corp. ...

New co-working space is coming to Greece this fall. John L. DiMarco II will turn 10,000 square feet of space at Hampton Ridge, its development at 4050 West Ridge Road, into shared office space as a Venture X franchise. Venture ...

The minus sign (-) continues to be the most-used character in the monthly housing market report for Monroe County compiled for July by the New York State Association of Realtors. New listings were down 3.1 percent (to 1,109) compared to ...

The Federal National Mortgage Association, better known as Fannie Mae, has begun foreclosure proceedings on two Robert Morgan properties in the Rochester area. The lawsuits — filed in state Supreme Court in Monroe County on Thursday — claim executives for, and associates of, ...

Lake homes that sold in the second quarter spent nearly a month’s less time on the market than those that sold in the second quarter of 2018. The 95 homes on the seven area Finger Lakes that sold between April ...

Funding is now available to income-eligible homeowners in Monroe County for home repair projects, if the improvements meet specific criteria. Eligible repairs including structural work (such as roof, foundation, windows, exterior paint or siding), major systems (plumbing, heating or electrical) ...

The Inn on the Lake is being reborn as a house. A very big house. The Lake House on Canandaigua, the latest destination venue created by the Sands family, is replacing the former Inn on the Lake. Developers expect the ...

The supply of homes on the market in July dropped 3.4 percent nationally in a year-over-year comparison, and the Rochester market saw the second-largest decline in the country. There were 1,841 homes for sale in the Rochester metro area in ...

The corner of N. Winton Avenue and Blossom Road will have a grocery store again starting on Thursday. ALDI plans to open its long-awaited store on Thursday at 175 N. Winton Road. The German-based chain of grocery stores had eyed ...

Tagged with: Aaron Sumida ALDI Gates grocery stores Winton Road