The coronavirus pandemic has devastated the hospitality industry and exacerbated on some fronts the continuing decline of brick-and-mortar retail, but lenders still have their checkbooks open when it comes to commercial real estate investment. You may not want to propose ...
Read More »Eviction, foreclosure protection extended until May 1
Tenants financially burdened by the coronavirus pandemic will not face eviction proceedings until at least May 1, thanks the latest legislative action in New York. The COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 prevents residential evictions, foreclosure proceedings, ...
Read More »Commercial real estate industry fearful of Biden tax plan
The tax plan proposed by President-elect Joe Biden could have a major negative impact on the commercial real estate industry. Biden’s proposal includes the elimination of like-kind exchanges, commonly referred to as a 1031 exchange, and would apply to real ...
Read More »Pueblo Nuevo I will create 75 homes in El Camino neighborhood
Further transformation of Rochester’s El Camino neighborhood kicked off on Thursday with the official groundbreaking of Pueblo Nuevo I. Pueblo Nuevo (“new town” in Spanish) is a $25 million redevelopment project spearheaded by Ibero-American Development Corp., the development arm of the ...
Read More »When it comes to buying a house, Irondequoit is the hot market
For nearly a half century, three generations of the Walther family have trumpeted the virtues of owning a home in Irondequoit. A whole lot of people now agree. Only two ZIP codes in the country are hotter than 14617, which encompasses a ...
Read More »Homes selling faster in Rochester than anywhere in the country
We’ve all surely seen it: the For Sale sign goes up on a house in the neighborhood on a Thursday and, barely a week later, the SOLD placard has been attached. Such is the state of the real estate market ...
Read More »Wolch elected president of Estate Planning Council of Rochester
Lorraine Wolch, founder and president of LPWolch CPAs, P.C., has been elected president of the Estate Planning Council of Rochester for 2021-22. Wolch has nearly 40 years of experience as a CPA and is a former lecturer in taxation and ...
Read More »Mixed ruling on Whole Foods appeal
A state appellate court has put in question two parts of a decision on the Whole Foods plaza litigation, ruling Friday partly in favor of a group opposing the size of the development on Monroe Avenue in Brighton. The decision ...
Tagged with: Brighton Grassroots Daniele Family Cos. Howie Jacobson Save Monroe Avenue Whole Foods William Moehle
Read More »Inventory of available homes dropped even further in Monroe County
Monroe County has the lowest inventory of available homes for sale of any county in the state, according to January data from the New York State Association of Realtors. There was just a 1.4-month supply of homes for sale in ...
Read More »New York enclave with Nazi roots agrees to change policies
YAPHANK, N.Y. (AP) — An enclave of former summer bungalows, where Nazi sympathizers once proudly marched near streets named for Adolf Hitler and other Third Reich figures, is being forced to end policies that limited ownership to people of German ...
Read More »Trump Tower resident who listed apartment on Airbnb pays $1K fine
NEW YORK (AP) — An Airbnb host who was renting out her Trump Tower apartment is among the first to pay a fine to New York City under a law banning advertising listings for short-term rentals. The host and owner ...
Read More »US new-home sales climb to 8-month high in March
WASHINGTON (AP) — U.S. sales of new homes shot up in March to the fastest pace in 8 months, as more Americans are upgrading their houses in a positive sign for the broader economy. The Commerce Department said Tuesday that ...
Read More »