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 »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 »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 »Real Estate Insider: Commercial property management takes skill and sensitivity
By TIM REID and TAMMY COX Commercial property management is not for the faint of heart. Good property managers must have several skillsets. They are part construction manager, part accountant, part engineer, part psychiatrist, part interior designer and part landscape ...
Read More »Auction for Executive Building ends in mystery, for now
The online auction for the historic Executive Building at 28-42 W. Main St. closed Thursday afternoon but the result was not immediately announced. A notice on the website at Auction.com noted only: “This property is in escrow. Once escrow has ...
Read More »Executive Building to be sold in online auction
A historic downtown office building with a storied past will be offered for auction online this week at a starting bid of $1.6 million. Auction.com set the asking price for the Executive Building at the heart of the Four Corners ...
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Read More »New York to auction Rochester office building
A six-story brick office building in Rochester will be auctioned by the state in December. The state Office of General Services is selling 305 Andrews Street, a 39,600-square-foot brick office building with a full basement. With wireless networking, an attached 50- ...
Read More »REAL ESTATE BRIEFS: Plans for selling Seneca Army Depot
The Seneca County Industrial Development Agency will host a public information meeting next month to discuss the immediate future of the former Seneca Army Depot. The meeting will begin at 10 a.m. on Saturday, Nov. 7, at Romulus Fire Hall, ...
Read More »Midtown Tower280 lines up first tenant
The first official retail tenant for Tower280 at Midtown will be Branca Italian Restaurant, opening its second location on the northwestern corner of the tower, occupying approximately 4,500 square feet. The announcement was made Monday by developers Buckingham Properties and ...
Read More »St. John Fisher celebrates new building
St. John Fisher College recently celebrated the opening of its new Integrated Science and Health Sciences building with a ribbon-cutting ceremony. The 31,000 square foot academic facility includes two 100-seat classrooms, teaching laboratories, a lab prep room, faculty offices, and ...
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Read More »RG&E supporting Midtown development
Officials from Midtown Tower LLC Tuesday received a ceremonial big check from Rochester Gas & Electric. The $500,000 grant will support electric infrastructure improvements made during the $59 million renovation of the 17-floor, 408,904-square-foot Tower at Midtown, 280 E. Broad ...
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Read More »Rochester-based company receives federal $ for battery development
NOHMs Technologies Inc. is the recipient of a $1.64 million federal-private contract that will speed development of advance electric vehicle batteries and improve performance, affordability, and safety. NOHMs, with support from the US Department of Energy and the US Advanced ...
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