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Real Estate

John “Dutch” Summers wins Vanden Brul Entrepreneurial Award (access required)

John “Dutch” Summers, center, presented with the 2018 Herbert W. Vanden Brul Entrepreneurial Award. From left, the late Vanden Brul's son, Bill Vanden Brul; Sandy Parker, Summers’ wife; Summers; Saunders College Dean Jacqueline Mozrall; RIT President David Munson; and Vanden Brul's daughter, Pattie Vanden Brul Nunnari.

Serial entrepreneur John “Dutch” Summers was recently awarded the 2018 Herbert W. Vanden Brul Entrepreneurial Award by the Saunders College of Business at the Rochester Institute of Technology. Summers is CEO of Graywood Companies, a Rochester-based holding company managing commercial ...

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Senior-focused Cornerstone Pointe Apartments open for business (access required)


Cornerstone Pointe Apartments, a $14.3 million senior living community on Long Pond Road in Greece, officially opened Tuesday morning. The apartment complex has 66 one- and two-bedroom apartments designed for seniors, with 33 units accommodating frail elderly households as an ...

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CreekView construction begins in Canandaigua (access required)


Construction is underway on CreekView Apartments at Woodland Park in Canandaigua, the first phase of a multifamily affordable housing community that will provide homes to 96 families. The first buildings in the $19 million project are scheduled to be completed ...

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Affordable housing group opposes prevailing wages bill before state Senate (access required)


The New York State Association For Affordable Housing (NYSAFAH) is urging the state Senate to vote against an Assembly-passed bill that would require prevailing wages be paid on any project that receives public funding. The bill, sponsored by Harry Bronson ...

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State issues RFP for old Butler Correctional Facility (access required)


Empire State Development is hoping to transform the former Butler Correctional Facility in Wayne County into an entity that will promote economic growth in the region. The ESD issued a request for proposals (RFP) for the purchase and redevelopment of the ...

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Leonardi to oversee western district of NY for Howard Hanna (access required)


Karen Leonardi has been promoted to senior vice president of the western district of New York for Howard Hanna Real Estate Services, part of a restructuring that the firm believes will enhance strategic initiatives for the state’s No. 1 home-seller. ...

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Home buyers have fewer choices, are paying more (access required)


Home-buyers in New York’s three largest upstate counties had even fewer houses to look at in April — and those who found a house to buy paid more on average than their counterparts a year ago. A shortage of inventory has become ...

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Todd Morgan’s bail stipulations may create odd family dynamic (access required)

Attorney David Rothenberg and client Todd Morgan enter the federal court building in Buffalo on Thursday morning. (photo by Kevin Oklobzija)

BUFFALO — Todd Morgan, the son of prominent Rochester real estate developer Robert Morgan, pleaded not guilty today in federal court to 26 counts of wire and bank fraud and conspiracy to commit wire and bank fraud. Todd Morgan is one ...

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Feds: Integrity of mortgage lending system at stake in Morgan case (access required)


BUFFALO — Federal authorities accused two Morgan Management executives and two business associates of fraudulently obtaining $167.5 million in mortgage loans which, the special agent-in-charge of the FBI’s Buffalo Division said, is akin to stealing money. “Fraud for profit aims to ...

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If you build them, they will come

The living area inside one of the apartments at Spectra at Sibley Square, which began leasing units in fall 2017.

The Corn Hill neighborhood of Rochester had treated Dion Doucet and his wife, Kathleen Corrigan Doucet, quite well, but three years ago they decided it was time to move. Having experienced city living his entire life — first when growing up ...

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New development opportunities abound

The Charlotte Square residential development along Charlotte Street on the East End. (Photo courtesy of Home Leasing)

The Strong National Museum of Play has grand plans that, when they reach fruition, will dramatically alter the look of one corner of Rochester’s downtown. Other less grandiose yet august ideas undertaken just a few blocks away from The Strong will ...

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Ferrara Jerum joins Hanna real estate family (access required)


Ferrara Jerum International has joined the Hanna Commercial Real Estate family. Ferrara Jerum’s 11-person team now has the backing of Hanna Commercial’s brand and marketing, enabling the expansion of services throughout the state. Founded in 1989 by Thomas Ferrara, Ferrara ...

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Average rent inches upward in Rochester, well below national trend (access required)


Average national rent for April grew 2.4 percent compared to April 2017, continuing the trend of the past 16 months. The average rent nationally for April was $1,377, up sightly from $1,371 in March, according to a report from RentCafe, ...

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Inventory of homes for sale remains low (access required)


Like a favorite song on an MP3 player, the housing market in Monroe County is stuck on repeat. That’s what the latest Marketwatch report from the Greater Rochester Association of Realtors (GRAR) shows. Again. Home sales in Monroe County plummeted ...

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