News: Brokerage

Home Leasing Services nears completion of Clifton Springs Hospital

Clifton Springs Hospital and Sanitarium - Clifton Springs, NY Clifton Springs Hospital and Sanitarium - Clifton Springs, NY
Clifton Springs, NY Historic Clifton Springs Hospital and Sanitarium nears completion of its renovation by co-developers Rochester’s Cornerstone Group Ltd and Home Leasing Services LLC.  The hospital, completed in 1896, has served senior citizens in the Village of Clifton Springs since 1974. Cornerstone acquired the property in November of 2014 from out of town owners. There are 109 studio and 1 bedroom units which are being completely rehabilitated. The common areas are also receiving significant enhancements throughout the apartments and common areas including the renovation of the 6th floor rooftop solarium, which shall be community space for all the residents. There are units which are available to potential residents, with possible assistance from rental assistance vouchers through the Geneva Housing Authority. Home Leasing Services LLC is completing the construction for the project which is expected to be completed by the end of the calendar year. The project has been funded by a myriad of sources including housing tax credits as well as historic tax credits.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,