December 19, 2024

From the Desk of Christopher McCarthy, 2024 RAC NYSCAR President:

From WHEC10 News: The Rochester City Council voted to pass Good Cause Eviction legislation on Tuesday, giving tenants across the city extra protections once Mayor Malik Evans signs it into law. 

The measure passed with a 7-2 vote. Council Vice President LaShay Harris and Council Member Michael Patterson voted against the measure. Those in favor included Council President Miguel Melendez and Councilmembers Mitch Gruber, Willie Lightfoot, Mary Lupien, Stanley Martin, Bridget Monroe, and Kim Smith.

The legislation includes an amendment that city council introduced that lowers the property size exemption. Only landlords with one unit are exempt from the new legislation ensuring protections apply to nearly all renters. Rent increases are limited to 7.7%. Continue reading

February 27, 2024

From the Desk of Christopher McCarthy, 2024 RAC NYSCAR President:

In this dynamic year, embracing opportunities and taking calculated risks is key. The Commercial Real Estate landscape in the Rochester, New York Metropolitan Statistical Area (MSA) is undergoing transformative changes, fueled by AI-driven data insights. With national pricing trends and generous incentives from local entities, there's a focus on large-scale redevelopments to address housing needs for both aging and workforce demographics. Our members have been instrumental in attracting and retaining businesses, contributing to the region's growth.

For those seasoned in Commercial Real Estate and newcomers alike, the field is akin to a full-contact sport, relying on relationships, connections and market knowledge. We extend an invitation to all members to bring both Brokerage contacts and Affiliates, large or small, to our monthly meetings. Discover the unique advantages offered by active participation in the RAC NYSCAR group, showcasing the unparalleled opportunities for deal-making and development in the thriving Rochester Market.

View 2023 President's Message Archive