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

Excelsior Communities, whose slogan is “Elevate your living standards,” has just done that with its rental portfolio. Excelsior Communities on Thursday finalized the purchase of Waters Edge Apartments, which sits along the southeast shore of Irondequoit Bay in Penfield. The ...

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. ...

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 ...

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 ...

Lorraine Wolch, founder and president of LPWolch CPAs, P.C., has been elected president of the Estate Planning Council of Rochester for 2021-22. Wolch has nearly 40 years of experience as a CPA and is a former lecturer in taxation and ...

In an effort to confront a growing affordable housing crisis, the Rochester Housing Authority has launched an incentive program in hopes of gaining broader participation from landlords in the federal Housing Choice Voucher program (HCV). The HCV is the federal ...

After a decade in mothballs, the Bull’s Head neighborhood revitalization project is moving forward and the city of Rochester is seeking a master developer. The city has issued a Request for Qualifications (RFQ), hoping interested parties apply for the development ...

Matt Lester didn’t create a partnership with Donohoe Management to acquire the old cannery in downtown Fairport and then come up with a vision for how to use the landmark structure. Instead, there first was a vision for a mixed-use ...

Michael J. Montante has been named CEO of Uniland Development Co., taking the leadership reins from his father and company founder Carl J. Montante. Michael Montante has worked in various roles at Uniland for 30 years and had been vice ...

When it comes to creating and re-creating houses, Kim Bailey could best be described as an artist. She can turn mundane and well-worn into vibrant and eclectic, whether it’s with reclaimed wood framing and custom-milled moldings or hand-crafted counter tops ...

A pop-up drive-in theater is coming to Henrietta. Birnbaum Properties is usually focused on creating office, mixed-use or flex space within the commercial real estate marketplace. But president and CEO Bernard Birnbaum, together with Dr. Joshua Weitz, has ventured into ...

Howard Hanna Real Estate Services ranked No. 1 in homes sold and sales volume for 2019, according to the REAL Trends Market Leaders report. Howard Hanna Real Estate Services sold nearly twice as many homes as the second-ranked firm, Keller ...

After guiding Landsman Development Corp. for nearly 20 years, James Goff will hand off the leadership reins to Kurt Ziemendorf on Jan. 1. Ziemendorf has already assumed the role of president and will transition to CEO as well over the ...