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2022 Leaders in Construction & Real Estate honorees announced
The 2022 Leaders in Construction & Real Estate Awards celebrate the individuals and companies who are changing the landscape of the Rochester region through design, construction, project management and more.
‘Cost-burdened’ renters on the rise in Monroe County
More than half of Monroe County renters are classified as cost-burdened because they spend more than 30 percent of their income on monthly housing costs. The cost-burdened percentage stands at 54.3 percent, up 1 percent from a year ago, according to a report from Apartment List based on 2018 data from Census American Community Survey. […]
The latest on Morgan: a delinquency, a possible sale, finalized package sale
The $29.1 million loan on one of the few remaining properties wholly under the management of Robert Morgan’s Morgan Communities went delinquent in August and the lender is preparing to foreclose, according to the latest advisory from Trepp. Rivers Pointe Apartments Phase II in the Syracuse suburb of Liverpool is the fourth-largest commercial mortgage backed […]
Morgan down to just eight managed properties after sale of eight others to downstate firm
A Rockland County-based real estate investment firm has bought eight apartment properties that were formerly owned and managed by developer Robert Morgan. Berkley Properties LLC of Nanuet earlier this month completed the purchase of Wedgewood West in Henrietta and Brockport Landing in Brockport, as well four properties in the Syracuse area and two in the […]
Rochester housing market least vulnerable in next recession, report says
The Rochester area has the lowest risk in the nation of a housing-market downturn when the next recession hits, according to analysis by Redfin. The technology-powered real estate brokerage says the next recession most likely will not have a great negative impact across the country, but Rochester and Buffalo would be least vulnerable because homes […]
Housing market report shows more declines in Monroe County
The minus sign (-) continues to be the most-used character in the monthly housing market report for Monroe County compiled for July by the New York State Association of Realtors. New listings were down 3.1 percent (to 1,109) compared to July of 2018, closed sales fell 7.7 percent (to 846), homes for sale declined 17.1 […]
Rochester saw country’s second-largest drop in homes for sale
The supply of homes on the market in July dropped 3.4 percent nationally in a year-over-year comparison, and the Rochester market saw the second-largest decline in the country. There were 1,841 homes for sale in the Rochester metro area in July, a plunge of 27.9 percent compared to the same period in 2018. Of the […]
Forget 90210; 14609 is the fifth-hottest ZIP code in the country
Move over, Pittsford and Perinton. And you, too, west side suburbs. The “hottest” area for real estate in the Rochester area is ZIP code 14609. Realtor.com says 14609 is the fifth-hottest ZIP code in the country. The zip includes Rochester’s North Winton Village and Beechwood neighborhoods, as well as the Irondequoit neighborhoods of Orchard Park, Thurlow, […]
Despite low inventory, buyers reluctant to overpay on a house
The Greater Rochester Association of Realtors (GRAR) was encouraged by the region’s first second-quarter bump in pending home sales in four years, but inventory remains scarce in Monroe County. Pending home sales inched upward in the second quarter of 2019, although inventory remains very low in Monroe County, according to the Greater Rochester Association of […]
Median home prices inch higher as inventory remains low
New listings fell, closed sales fell, the month’s supply of homes fell and the median sales price rose. That’s the quick-hit synopsis of activity for May in Monroe County from the New York State Association of Realtors report released Friday. In other words, it’s status quo. New listings dipped year-over-year by 3.4 percent (to 1,275) […]
Rochester far from average when it comes to national real estate market
Rochester was one of seven real estate markets across the country to see a double-digit rise in the year-over-year median listing price in April. An analysis by realtor.com showed the median listing price in Rochester rose 12 percent to $212,500 compared to April 2018, equaling markets in Memphis and Kansas City. Only Milwaukee (13 percent) had […]
Realtors report: Buyer demand still strong when the right house is available
Despite a continuing shortage of homes on the market, buyer demand remained strong in the first quarter of 2019, according to the latest Marketwatch Report by the Greater Rochester Association of Realtors (GRAR). Available homes for sale in the region fell 10.1 percent to 2,642, while closed sales fell 9.3 percent to 850. The area […]
Case Digests
- Fourth Department – Bill of particulars: Harris v. Rome Memorial Hospital, et al.
- NYS Advisory Committee on Judicial Ethics – Accusations against co-judge: Opinion 22-148
- Fourth Department – Medicaid: Washington Center for Rehabilitation and Nursing Home v. NYS Dept. of Health
- Fourth Department – Criminal possession of a firearm: People v. Wilson
- Fourth Department – Promoting prostitution: People v. Watts
- Second Circuit – Class certification: Arkansas Teachers Retirement System V. Goldman Sachs Group Inc.
- Fourth Department – Show-up identification: People v. Waggoner
- Fourth Department – Association: Victory Village Tenants Assoc. v. Evergreen Communities, et al.
- Second Circuit – In personam jurisdiction: Kaplan v. Bank Saderat PLC
- Fourth Department – Labor Law: Verdugo v. Fox Building Group
- Fourth Department – Out-of-possession landlord: Truax v. M.D. Meyer’s Properties
- Fourth Department – Discovery: Sylvester v. Sanders
Law News
- Espinosa named general counsel at Greenlight Networks
- Barclay Damon hires attorney Matt Smith
- Rochester man sues Geneseo police, alleging false arrest, assault
- The Daily Record’s Power List for Intellectual Property 2023
- NY ethics panel says judges can join NRA
- Harter Secrest & Emery LLP names partner-in-charge of Buffalo office
- Banned professor sues SUNY Fredonia leaders
- Hochul signs law requiring unemployment insurance information from employers
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