Real Estate News
- Council considers new law: Some landlords upset by income source rule
A proposal before the Rochester City Council has upset some local landlords, but the same law has been in effect in Buffalo for 10 years without causing many problems, housing officials there said.
- Finger Lakes area residents pay among highest property taxes
Finger Lakes residents pay some of the highest property taxes in the state, a new report from an Albany think tank shows. The highest property tax bills on median-value homes in 2015 primarily were in Pittsford, Mendon and Victor, the report shows.
- Property Management Firms
- Region ranks near bottom for renters
Rochester ranks among the bottom quarter of cities for renters, a report from WalletHub shows.
- Deal offers new future for church
- Homes sales up 9.6 percent in Monroe County in Q2
Monroe County home sales increased 9.6 percent in the second quarter compared with a year ago, the Greater Rochester Association of Realtors Inc. reported Thursday.
- Deadline for Parcel 5 proposals extended
Mayor Lovely Warren is extending the deadline for proposals to develop Midtown’s Parcel 5 until September.
- RealtyUSA merges with Nothnagle parent Howard Hanna
RealtyUSA in Buffalo is now part of the same firm as Rochester-based Nothnagle Realtors, announcing Wednesday it has merged with Howard Hanna Real Estate Services. Nothnagle merged with Howard Hanna last May.
- Former executive sues after he leaves REIT
Home Properties Inc.’s onetime controller claims the locally based real estate investment trust’s new owner owes him more than $600,000.
- Resource One Realty seeks to grow with its expansion
- Making deals by the numbers
Daniel Goldstein, a CPA, now serves as CEO of Royal Oak Realty Trust
- Why is epoxy flooring in high demand?
Epoxy flooring and cement flooring is a rapidly growing industry, at the same time it is a profitable alternative for small businesses.
- City receives performing arts center proposals, one with casino
The city of Rochester has received two proposals to build a performing arts center—one along with a casino plan--at Midtown’s Parcel Five on East Main Street, Mayor Lovely Warren announced Monday.
- Townhouse Rental Communities
- Most readers oppose downtown casino
A new proposal has brought fresh attention to the topic of locating a casino in downtown Rochester—an idea first raised more than a decade ago. As before, the idea has both fans and foes.
- Sibley Building work to begin with closing on $71M of financing
The developers of the Sibley Building downtown said Tuesday afternoon they have closed on $71 million of financing that will kick off construction and redevelopment of nearly 500,000 square feet of the structure downtown.
- Quote of the week
- Broadstone Net Lease acquires properties for $54.6 million
Broadstone Net Lease Inc. on Wednesday announced the acquisition of two properties for a combined purchase price of $54.6 million.
- Nearly 700 attend Downtown Real Estate Revival Power Breakfast
Andrew Gallina believes innovation and creativity are key drivers of growth downtown. He made his remarks at the Downtown Real Estate Revival, part of the Rochester Business Journal's Power Breakfast series.