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

Nearly 40 percent of renters say they anticipate the need for rent relief in the next 90 days as a result of the coronavirus pandemic. In a survey conducted by Assurant, 38 percent of renters said they would need some sort ...

While a ballooning federal deficit will require attention in due time, it is more important now to address the needs of small businesses and families in order to avoid irreparable harm to the economy, according to U.S. Rep. Joe Morelle. Morelle ...

The Rochester Housing Authority and the Wayne County are among 10 organizations across the state chosen to receive technical assistance and up to $500,000 in resources to develop strategic approaches to preserve affordable housing. The support will come through the ...

Gov. Andrew Cuomo today gave permission to the Finger Lakes and four other regions in New York to proceed with Phase 2 of the economic reopening. That means offices, real estate, retail, hair salons and barbershops, automobiles sales, commercial building ...

As the construction and real estate industries reopen, local leaders say lessons they learned while trying to do business during the stay-at-home orders are changing how their businesses will operate going forward. Lee Sommerman, vice president with LeChase Construction Services ...

The development team that bought the stately, sprawling Aqueduct Building intends to create a diverse, multi-use riverfront campus that becomes a gateway to downtown Rochester’s west side. Peter Landers, Rob Sands and Jim Costanza — partners in A50EB LLC, aka ...

Around 4.2 million homeowners nationwide are now in forbearance, although the number rose more modestly during the most recent reporting period. The Mortgage Bankers Association (MBA) said the number of loans in forbearance climbed to 8.36 percent in the week ...

The Finger Lakes Region is on target for a Friday implementation of Phase 2 of the state’s reopening, but hospitalization and new-case metrics related to the coronavirus pandemic will ultimately determine whether Gov. Andrew Cuomo gives the go-ahead. “I think ...

An already limited inventory of homes for sale in Monroe County grew even smaller in April because of the coronavirus pandemic, but the median sales price did climb. New listings plunged 53.3 percent year-over-year from 1,142 to 533, closed sales ...

CBRE has brokered the sale of the retail space in Newark that houses a Walmart Supercenter. NS Retail Holdings, LLC, paid $9.2 million for the single-tenant property east of the village along Route 31. Newark Plaza LLC was the previous ...

Certain portions of the local economy have permission to fire back up operations today, but that doesn’t mean the next phase will automatically begin in 14 days. Phase 1 of reopening the Finger Lakes Region began at 12:01 a.m. for ...

HUNT Real Estate ERA was the top-ranked firm in the ERA Real Estate network in total volume and number of units sold in 2019. HUNT closed 13,475 transactions, with $2.87 billion in residential home sales for the year. The ERA ...

Mortgage rates may still be low but prospective buyers are finding that the approval process is more difficult than it was a month ago. The Mortgage Credit Availability Index (MCAI) dropped 12.2 percent — to 133.5 — in April, according to a ...

Plans to revitalize the Bull’s Head neighborhood by the city of Rochester received a financial boost for brownfield cleanup from the U.S. Environmental Protection Agency (EPA). The EPA is providing a grant of $408,000 so petroleum contamination at the vacant ...

Morgan Properties, which manages and has majority ownership of 57 apartment communities in the Rochester area, will be donating a portion of May and June rent to Rochester Regional Health and Foodlink. Morgan Cares was created to support local hospitals ...