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Real Estate

State approves redevelopment funding for ‘abomination’ at East Main & Clinton, 4 other projects (access required)

Home Leasing's plan to redevelop four blighted buildings at or near the corner of East Main Street and North Clinton Avenue will receive $4 million in state funding through the Downtown Redevelopment Initiative

"Until Main and Clinton is vibrant again, Rochester won't be fully back," Hochul said. "You go by this and it just taunts people. It tells you there was once a place where people wanted to be, and we lost the luster. That symbol of urban decay has been crying out for a vision for a long time."

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Squire honored as Commercial Realtor of the Year (access required)

Virginia Squire, managing broker at Coldwell Banker Commercial Custom Realty, has been named Commercial Realtor of the Year by the Rochester Area Chapter of the New York State Commercial Association of Realtors.

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Rising mortgage rates, rent prices will impact housing market in 2023 (access required)

Home sales in the Rochester area are forecasted to increase by just 1.3 percent in 2023 while prices are expected to rise by 5.3 percent as higher mortgage rates and inflation pains continue to impact consumers. The predictions, made in ...

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Court orders sale of Masaschi home to partially satisfy debt (access required)

hand with gavel

A state Supreme Court justice has ordered the sale of the $1.4 million home of Thomas and Kara Masaschi for the purpose of partially satisfying $2.6 million debts owed to a Brighton-based short-term, high-interest lender. Justice J. Scott Odorisi last ...

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REIT not playing around; pays $22M for Dick’s House of Sport property (access required)

DICK'S House of Sport with skating arena at Eastview Mall 11-9-2022

A Florida-based Real Estate Investment Trust has paid $22 million for the property that is home to Dick’s House of Sport in Victor. Pine22 ACQ3 LLC, an affiliate of Alpine Income Property Trust and its parent company, CTO Realty Growth, ...

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Sale of historic Potter House in Fairport canceled by buyer (access required)

Plans by The Aristo Co. to refurbish and redevelop the timeworn Potter House in the village of Fairport have been scrapped. Aristo canceled the purchase contract for the publicly owned mansion at 53 W. Church St., citing a failure by ...

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