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Real Estate

Royal Oak acquires property in Florida

Royal Oak Realty Trust Inc. recently made its 16th acquisition with a $4.65 million deal. It is also the Brighton firm’s first transaction in Florida. The real estate investment trust closed March 10 on Delta Group Electronics Inc.’s manufacturing facility ...

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Top Capital purchases school property

Colgate Rochester Crozer Divinity School is getting a new building as part of Top Capital of New York LLC’s plan to invest $36 million into the Rochester property. 

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Top Capital purchases divinity school site

Colgate Rochester Crozer Divinity School said Thursday it is getting a new building, as part of Top Capital of New York LLC’s plans to invest $36 million into the Rochester property. In addition to the private graduate theology school’s new building, Top Capital is proposing a destination hotel and conference center on the 24-acre property on South Goodman Street. 

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Spotlight

Homeownership rate falls in Rochester, across upstate The homeownership rate in the Rochester metropolitan area declined from 65 percent in 2015 to 58 percent in 2016—the largest percentage drop among the nation’s top 75 metro areas, according to U.S. Census ...

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COMIDA approves pair of Morgan developments

Two projects planned by entities of Morgan Management LLC—one in the East End and one in Henrietta—received tax breaks from the County of Monroe Industrial Development Agency this week.

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Tired stretch of East Main set for makeover

Like a puzzle with many parts, everything needs to fall into place if East Main Street is to be restored as the heart of downtown it once was for the city of Rochester.

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Business tenants excited about renovations

The Metropolitan is home to a cluster of commercial tenants, including technology companies, a law firm, an employee benefits firm, an advertising firm and a bank. 

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Tower once a hub of corporate, legal bustle

Newly reimagined as a mixed-use blend of luxury apartments, high-end offices and retail space, the Metropolitan has been for most of its life home to banks, law firms and corporations.

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Tower to offer living with expansive views

Construction is nearly complete on the first two floors of residential units at the Metropolitan. A total of six upper floors will contain apartments for lease and the five floors above that will be luxury condominiums for purchase.  

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