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

A New Jersey real estate investment entity has purchased an automotive outparcel within the Elm Ridge Center property in Greece.

Rochester VZ LLC, a subsidiary of Plano-based Wolfe Investments, bought the 5,500-square-foot property for $3,875,000 from 1908 West Ridge Rd. LLC. Angelo Ingrassia is the manager of 1908 West Ridge Rd. LLC.

As consumer habits continue to change and online spending maintains an upward trajectory, the DiMarco Group is making sure their retail plazas are still an attractive option.

A hotel adjacent to the Frederick Douglass Greater Rochester International Airport has been sold to a firm based in Delaware. Kayatin of Rochester Inc. paid $3,550,000 for the Best Western The Inn at Rochester Airport, located at 395 Buell Rd. ...

They chose the new Batavia location just off the New York State Thruway at exit 48 and their travel centers in Avon along Interstate 390 and in Belmont along Interstate 86.

Tagged with: ev Quicklees

The complaint says Realty Performance Advisors was hired to collect rent and perform property maintenance at South Wedge Commons, an apartment community located at 90 Manor Parkway, just off South Avenue in the city of Rochester.

In construction, time is money, so converting an existing structure was a critical component in the project. So, too, was collaboration between builder and architect during the design process. The project initially carried a $240 million price tag, but $13 million was shaved off along the way.

Tagged with: lechase Perkins&Will UR Medicine Center for Orthopaedics and Physical Performance at The Marketplace Mall

In the Rochester metro area, where Hunt has seven branch locations, agents closed on 1,480 sales and $344,260,489 in volume.

A report by the state Department of Financial Services found continued racial disparities in mortgage lending practices in Rochester.

Tagged with: redlining

A soaring housing market in 2020 and 2021 has cooled over the past year as rising home prices collided with rising interest rates; but the Greater Rochester market remains steady, experts say.

J. Fonzi Realty Corp. sold 73 Marway Circle to Middlebelt Westland LLC of Troy, Mich., for $3.3 million on Wednesday, according to documents filed with the Monroe County Clerk's office.

Home sale closings in New York are down steeply from a year ago and the Rochester region is no different, according to New York State Association of Realtors (NYSAR). The sky is not falling for Rochester area real estate, however.

Tagged with: Lanie BIttner Mark Siwiec New York State Association of Realtors

Howitt Bayview LLC, an entity owned by the Jack and Hariette Howitt family, plans to begin construction in the spring on the development at 1211 Empire Blvd., with a target date for completion of March 31, 2025, according to documents filed with COMIDA.

Tagged with: 1211 Empire Blvd. comida Howitt Bayview LLC

The retail property is home to Dollar Tree and Rent-A-Center and was sold by 923 S. Clinton, LLC. The limited liability company is an affiliate of Natapow Management Group of Gates.

Once a bustling center of commerce, the northwest corner of East Main Street and North Clinton Avenue for two decades or more has been a collection of blighted buildings begging for demolition or rebirth.

Tagged with: Alta Vista downtown revitalization initiative Dutton Properties Edwards Building home leasing Kathy Hochul Main Street Commons Mayflower Building