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Real Estate

Closing USA expands

Closing USA LLC, a national title and escrow company, has expanded its operations into office space at the Rochester Technology Park, the former Eastman Kodak Elmgrove Campus. Empire State Development has announced the move retains 66 jobs and creates 100 ...

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RE/MAX offices merge

RE/MAX Realty Group and RE/MAX First of Greater Rochester are merging their two leading real estate firms, creating the largest RE/MAX office in New York state. The new office, which will retain the RE/MAX Realty Group brand, is the result ...

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City breaks ground on Jefferson Avenue project

Mayor Thomas S. Richards joined federal, state and county leaders Saturday to kick off the construction phase of the Jefferson Avenue Revitalization Project at a ground-breaking ceremony attended by more than 100 neighborhood residents and community leaders. Joining the mayor ...

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AG streamlining real estate oversight

Public offering of units in cooperatives, condominiums, homeowners associations and timeshares will be streamlined under a new policy announced Monday by Attorney General Eric T. Schneiderman. The policy, which will require developers to give prospective purchasers the option of receiving ...

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Real estate activity mostly flat in 2011

Home buying activity in the Genesee Region in 2011 was similar to 2010, according to statistics released by the Greater Rochester Association of Realtors on Friday. Representatives of GRAR, the Rochester Home Builders Association and the Mortgage Bankers’ Association of ...

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Growing interest leaves homebuilders less gloomy

WASHINGTON — U.S. homebuilders are growing a little less pessimistic about the depressed housing market after seeing more people say they might be open to buying a home this year. The National Association of Home Builders/Wells Fargo builder sentiment index ...

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Some city property values are up

Estimates from the 2012 reassessment indicate property values are going up throughout the city, according to Assessor Thomas G. Huonker. The new assessments will be used to calculate the property owners’ city/school tax bill of July 2012 and the following ...

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City survives challenge to inspection law

Rochester’s property warrant inspection law has survived a second challenge to its constitutionality. The Appellate Division, Fourth Department on Friday affirmed February 2010 decisions by Supreme Court Justice Thomas A. Stander that authorized the inspection of two city properties. “The ...

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Exchange Street building conversion in progress

New high-end apartments in the center of the city will be available for lease before the end of next year. The building at 44 Exchange Blvd. will also have 25,000 square feet of customizable office space. “This is going to ...

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Nature Conservancy obtains Sodus Bay land

The Nature Conservancy announced the acquisition of over 500 acres of land on Sodus Bay last week, thanks to a $1 million grant from the North American Wetland Conservation Act and $200,000 in donations from individual and corporate conservationists. The ...

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New home sales up in November

WASHINGTON, D.C. — Americans bought slightly more new homes in November, but 2011 will likely end up as the worst year for sales in history. The Commerce Department says new-home sales rose 1.6 percent last month to a seasonally adjusted ...

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