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Real Estate

City of Rochester/REDCO-Assisted Projects

Rochester Department of Neighborhood and Business Development and Rochester Economic Development Corp.(REDCO). The list includes projects approved for and/or receiving financial assistance during 2009; ranked by amount of financial assistance during 2009.

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Nothnagle reports jump in sales

Nothnagle Realtors, the region’s largest residential real estate firm, reports a 23 percent increase in sales so far this fiscal year, which began Oct. 1.

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Paterson unveils $2M to rehab vacant buildings

Some $2 million is available to upstate communities to rehabilitate vacant residential buildings through a new program announced Friday by Gov. David Paterson.

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Housing construction continues to struggle

Housing construction declined in February, new data from the U.S. Census Bureau indicates. Nationwide construction of new homes and apartments dropped 5.9 percent, from a seasonally adjusted annual rate of 611,000 housing starts in January to an estimated rate of ...

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Stirring the region’s entrepreneurial cauldron

After six years at Greater Rochester Enterprise Inc., where technology companies and their development are one piece of a larger economic puzzle, James Senall moved to High Tech Rochester Inc. last year to concentrate exclusively on entrepreneurial growth. Ironically, that ...

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Wegmans inks deal for final East Ave. site

Wegmans Food Markets Inc. confirmed Tuesday its recent agreement to purchase the last property in the way of its plans for a new East Avenue store. Fountain Bleu Coiffures, which occupies an East Avenue building behind the area’s existing Wegmans ...

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Homebuilders

Homebuilders on the list constructed units in Monroe, Genesee, Livingston, Ontario, Orleans and Wayne counties; ranked by total number of units built in 2009.

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Home auction to benefit YMCA program

With a recession on and foreclosures soaring, home auctions are not normally part of a happy ending. An 1,892-square-foot home in Greece might be the exception.

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Future of suburban office market hinges on economy

Commercial real estate insiders voice cautious optimism about Rochester’s suburban office market, though they say the overall economy will largely determine results for 2010. On the plus side, the market recently has seen a few landlords do some speculative building. ...

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East End resurgence hints at broader downtown revival

Rochester’s East End and the resurgence it has undergone in recent years hint at downtown’s potential for revival. The East End is the city’s success story, with continuing popularity for developers, businesses and city dwellers. Over the last decade, milestone ...

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Efforts to replace Empire Zones rouse some concern

Economic development officials and those who represent them are worried about Gov. David Paterson’s efforts to replace the Empire Zone program. It could hurt the state’s growth, they say. The Empire Zone program provides tax and investment incentives to eligible ...

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Industrial vacancies in suburbs rise

Industrial vacancy rates in the suburbs continue to rise locally. Since 2007, vacancy at suburban industrial sites has been rising, climbing to 15.8 percent last year, two percentage points above 2008, a recent CB Richard Ellis market report states. The ...

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He develops a new future after shooting

Robert Morgan was working the cash register at the family’s seafood business on Plymouth Avenue, filling in for his dad and making change for a customer, when a man walked quickly toward him, waving a Smith & Wesson .357 Magnum ...

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