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Real Estate

COMIDA approves projects for tax breaks

Maximus Hill LLC, after completing a $2.4 million renovation of the Davie Building in the St. Paul Quarter, was approved Tuesday for breaks on sales and mortgage tax for a $762,000 conversion of office space into 11 work-live rental lofts.

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Data show mix of results in 2009 for home sales

The median price of homes sold in 14 of 21 Monroe County communities-including Pittsford, Mendon, Perinton and Webster-fell in 2009. The median price across the 11-county region was $116,000, down from $117,000 in 2008, the Greater Rochester Association of Realtors ...

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Residential Real Estate Firms

Residential Real Estate Firms, with facilities in Monroe, Genesee, Livingston, Ontario, Orleans and Wayne counties; ranked by number of full-time local agents.

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Flexible strategy is vital to financing real estate plans

Developer Andrew Gallina rarely seeks upfront financing for his projects. His firm, Gallina Development Corp., recently added two buildings to Cambridge Place on South Winton Road in Brighton and is funding the expansion itself for now. In keeping with its ...

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Commercial builders prepare for worst, hope for best

Though commercial builders in the Rochester area are bracing for another tough year, they remain cautiously optimistic about a turnaround. "At this point, 2010 is uncertain, but it could end up being a great year," says Thomas Judson, chairman and ...

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December sales of existing homes drop

Nationwide sales of existing homes plunged 16.7 percent in December, the National Association of Realtors reports. Sales had been expected to decline from November, which was to have been the last month in which purchases by first-time homebuyers could qualify ...

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Decision on East Main Street site expected soon

A selection committee including representatives of the Cultural Center Commission and the city of Rochester was to review a development proposal Thursday for a city-owned parking lot on East Main Street, with the full commission expected to decide on the ...

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Real estate auction operation debuts at tech park

Four years ago, entrepreneur Stephanie Eden had an idea to create a centralized auction house in Rochester. With 54 employees, 450,000 square feet and approximately $900,000 in investments, Eden will introduce her idea tonight. After an open house this evening, ...

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Mom finds flexibility in managing properties

By interweaving threads of past work experience with new knowledge and training, Michelle Sweetland transformed herself from a management executive in food service to a business owner in real estate investment. The two careers are not that dissimilar, Sweetland explains. ...

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Condos on the corner

The owner of the vacant headquarters of the defunct Central Trust Co. bank on Exchange Boulevard is moving forward with plans to convert four upper floors to 29 condominiums and lease the first floor as commercial space. The city of ...

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Financing deal closes for purchase, rehab of complex

The Central New York Region of Community Preservation Corp. has closed on a $1.02 million permanent loan to refinance the purchase and rehabilitation of Barbie Court Apartments, a 24-unit apartment complex in Greece.

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RBTL focuses on three sites

The Rochester Broadway Theatre League is focusing on sites in Irondequoit, Brighton and downtown Rochester in a search for the new location of a performing arts center.

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Home sales jump in fourth quarter

Home sales soared 22.9 percent in the fourth quarter, compared with a year ago, the Greater Rochester Association of Realtors Inc. reported Friday.

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