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Real Estate

Complex in receivership

The East Avenue Commons apartment complex has been put into receivership. State Supreme Court Justice Kenneth Fisher ordered the 267-unit building, at 111 East Ave. in the city’s upscale East End, put under a receiver’s control Oct. 29. The order ...

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Nothnagle to expand into Buffalo

With the conversion of an existing office in the Buffalo and the opening of an office in the Clarence-Williamsville area in Erie County, Nothnagle Realtors Property Center will open two locations by early 2010.

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Home Properties tops Street expectations for Q3

Home Properties Inc. beat Street expectations by 3 cents a share in the third quarter. Shares of Home Properties stock (NYSE: HME) were up 1.5 percent midday at 41 cents.

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SPOTLIGHT: A slowing decline in home prices

Home prices continued to drop in August, but the rate of decline slowed, according to First American CoreLogic Inc.’s Home Price Index. Nationally, home prices fell 10.1 percent from August 2008 to August 2009, an improvement on July’s year-over-year decline ...

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Trailways shutting down Midtown operation

Trailways, the last tenant left at the Midtown Plaza site, will begin operations Wednesday on Cumberland Avenue, officials announced Tuesday afternoon.

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Midtown Tower project stirs interest in living downtown

Nearly one-third of respondents to this week's RBJ Daily Report Snap Poll say the $71 million Midtown Tower plan and similar projects may entice them to consider living downtown. See dozens of comments from readers.

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Home Properties declares dividend

Home Properties Inc. Wednesday afternoon declared a dividend of 67 cents a share on its common shares for the quarter ended Sept. 30.

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Home Properties declares dividend

Home Properties Inc. Wednesday afternoon declared a dividend of 67 cents a share on its common shares for the quarter ended Sept. 30.

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Assistive-Living Communities

Assistive-Living Communities,  facilities in Monroe, Genesee, Livingston, Ontario, Orleans and Wayne counties; ranked by number of residents; includes assisted-and enriched-living programs, adult homes and continuing-care retirement communities

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Tower team

Morgan Management LLC, having largely flown under the radar here for most of its 33 years, has taken the spotlight with a series of economic development projects in the Rochester area. The latest and most visible is its partnership with ...

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Focus on creativity, lifestyle revitalizes University Avenue

A thriving East End, threaded together by a community of individuals and property owners through ArtWalk, is transforming real estate on University Avenue from a manufacturing emphasis to one based on lifestyle. In recent years, University Avenue’s focus on creativity ...

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Canal community thrives, retains Victorian ambience

Harvest squash soup is a popular lunchtime item these days at the Red Bird Tea Shoppe in the heart of the village of Brockport. Dozens of customers, from college students and businesspeople to farmers and professors, stream in daily to ...

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REIT expands its holdings

A private Rochester real estate investment trust has made more than $12.5 million in acquisitions over the last two months and racked up $40 million in investments over three years.

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Spotlight: Median household income slides

The two-year-average median household income in New York fell 2.2 percent from 2005-06 to 2007-08, according to a new report from the U.S. Census Bureau. New York’s median household income was $50,643 for 2007-08, down from the 2005-06 average of ...

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City holds off on going to court over properties

The city of Rochester is holding off on, but not yet ruling out, court action to force Webster real estate investor Jason Palmer to address health and safety concerns at properties including the 111 East Ave. apartments.  The city’s top ...

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