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Real Estate

Westport Crossing development on hold again after court ruling (access required)

The future of the proposed Westport Crossing Residential Community — a project nearly 14 years in the making — is once again in limbo. Outgoing state Supreme Court Justice John Ark ruled late last month that two village of Pittsford ...

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Cook Properties continues portfolio expansion (access required)

Cook Properties continues to bolster its portfolio of mobile home parks — and expand its footprint — with the acquisition of two properties near Buffalo. Akron Mobile Home Park in Erie County and Ridgeview Mobile Home Park in the Niagara ...

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Owning a home a little less affordable in Monroe County (access required)

Homeownership was more economically feasible than in Monroe County in all but one of the other 23 largest counties in New York, according to ATTOM Data Solution’s fourth quarter Home Affordability report. The median home price jumped 15 percent — to ...

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Three new restaurants coming to East Ridge/Portland (access required)

Dining options will be expanded in Irondequoit in 2021 when three vacant properties are converted into new restaurants near the intersection of East Ridge Road and Portland Avenue. The area’s largest Chick-fil-A will be built at 1115 East Ridge Rd. ...

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Eviction, foreclosure protection extended until May 1 (access required)

Tenants financially burdened by the coronavirus pandemic will not face eviction proceedings until at least May 1, thanks the latest legislative action in New York. The COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 prevents residential evictions, foreclosure proceedings, ...

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Home prices jump as inventory remains very low (access required)

Inventory remains scarce in Monroe County but the homes on the market are selling for more, according to an analysis of November sales data released by the New York State Association of Realtors (NYSAR). The median sales price rose 16.7 ...

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TiverBuilt brings BIM to homebuilding (access required)

Every homebuilder has been there; a project is moving along well, nearing completion, only to come to a screeching halt when the homeowner decides the kitchen countertop is the wrong color, the sunlight doesn’t enter the dining room at the ...

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Real estate tax advantages in CARES Act end with 2020 (access required)

Time is running out for commercial real estate investors with qualified improvement property to take advantage of significant tax savings provided by the CARES Act. Interior renovations and upgrades made to qualified improvement property (QIP) can be depreciated in full ...

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Realtor.com predicts price, volume increases for Rochester in 2021 (access required)

Housing prices will continue their upward climb in the Rochester area while sales volume will rebound from the COVID-19 dip of 2020, according to the Realtor.com 2021 Housing Market Forecast. The median sales price will rise 5.1 percent in Rochester ...

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Commercial real estate industry fearful of Biden tax plan (access required)

The tax plan proposed by President-elect Joe Biden could have a major negative impact on the commercial real estate industry. Biden’s proposal includes the elimination of like-kind exchanges, commonly referred to as a 1031 exchange, and would apply to real ...

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Cottages at Troutburg boast year-round resort community on Lake Ontario (access required)

The original developer has moved on and the original premise for the property has been scrapped, but the Cottages at Troutburg is still very much alive and growing. Owned and operated by Midlakes Development and Construction, a family-owned entity, the ...

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Funding from JPMorgan Chase to benefit ROC neighborhood programs (access required)

Relief for renters and property owners in the EMMA and Beechwood neighborhoods of Rochester will be available thanks to a $250,000 grant to Connected Communities by the JPMorgan Chase Foundation. The investment by the foundation created two funds to help renters ...

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Lender alleges fraud in Columbus Building loan process (access required)

The lender who provided financing for renovation of the Columbus Building in downtown Rochester has filed suit against the developers, alleging fraudulent documents were provided on the application for a $13.6 million loan. Lake Shore Savings Bank, with headquarters in ...

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Law firm seeks amicable solutions in debt collections work (access required)

Joseph Shur spent eight years prosecuting violent felons for the Monroe County District Attorney’s Office before he jumped into private practice with Relin, Goldstein & Crane LLP some 22 years ago. He and his partners are driven by a desire ...

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A healthful focus to commercial real estate (access required)

Derek Ritter had intended to spend his life in aviation, either as a pilot or air traffic controller. He instead landed in commercial real estate, finding a niche in the field by matching health care clients to office space. While ...

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