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Real Estate

Foreclosure sought for RCSB site

A lender has begun foreclosure proceedings against the former Rochester Community Savings Bank headquarters building. Column Financial Inc. filed papers last month, seeking to foreclose on the landmark downtown building. Faced with polished granite and travertine and elaborately decorated on ...

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UR incentives program helps employees buy in city

Employees of the University of Rochester are eligible to receive up to $17,000 in benefits if they find a home in city neighborhoods closest to the River Campus and the medical center.

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LaBella picks an architect as its new president

For the first time in its 31-year history, LaBella Associates P.C. is promoting an architect to the role of president. Robert Healy, senior vice president and director of architecture, will assume the role of president on Jan. 1, taking over ...

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A developer’s dream

Charles Morgan, with help from a legal team led by Rochester attorney Alan Knauf, is carrying the torch for a waterfront development proposal of more than $200 million that was planned seven years ago by his father, Daniel Morgan, who ...

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Article will help raise awareness

"State Street buildings considered for historic status" (RBJdaily.com, 12/09/09) is the kind of article that helps raise the awareness of the incentives associated with historic restoration.

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Spotlight: N.Y. has fewer ‘underwater’ mortgages

Some 23 percent of all U.S. residential properties with mortgages were in negative equity as of September 2009, according to a report from First American CoreLogic. Borrowers with negative equity, also described as "underwater" or "upside down," owe more on ...

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Green buildings can mean savings for some–but not all

Gov. David Paterson recently signed into law the Green Building Construction Act, authorizing the Office of General Services to develop green building standards for New York by late 2010. The office will create a climate action plan, which will establish ...

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Despite slump, Ontario County lures homebuyers

Despite a bumpy year for property sales nationwide, the last six months have been good for commercial and residential real estate in Ontario County, one local Realtor says. Andy Griffith, owner-broker of Re/Max Properties in Canandaigua, says the housing market ...

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CEO cooks up East End digs

One of the Rochester area’s most prominent businessmen is moving downtown. Giovanni LiDestri, president and CEO of LiDestri Foods Inc. in Fairport, is reconstructing a former recording studio on East Avenue at the corner of Winthrop Street. John Baker of ...

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Home Properties to sell up to 3.7 million shares

Home Properties Inc. may sell up to 3.7 million common shares through an at-the-market equity offering program initiated with sales agents at Merrill Lynch Co. Inc., Pierce, Fenner & Smith Inc. and BMO Capital Markets Corp.

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Real Estate Developers

Real Estate Developers, local area of Monroe, Genesee, Livingston, Ontario, Orleans and Wayne counties; ranked by total local non-residential square footage

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Order moves portfolio closer to auction sale

A court decision has moved beleaguered Webster real estate investor Jason Palmer’s Encore Property Management of New York LLC a step closer to going on the auction block. The Encore Property Management portfolio is involved in a $52.8 million foreclosure ...

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Pittsford real estate firm sees 30% rise in sales

Mitchell Pierson Jr. Inc. Realtors reported sales volume in October was up 30 percent from a year ago. The Pittsford-based firm, which ranked fourth on the Rochester Business Journal’s 2009 list of residential real estate companies, saw a 12 percent ...

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Developers plan 41 high-end units on East Ave. site

A townhouse community for empty-nesters is slated for a 7.5-acre vacant parcel on East Avenue in the town of Pittsford. The site, near Oak Hill Country Club, at one time had been targeted for a high-rise senior living facility. A group ...

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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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