News: Brokerage

Maggie Bringewatt, Senior Vice President, Rochester's Cornerstone Group

Name: Maggie Bringewatt Title: Senior Vice President Company: Rochester's Cornerstone Group Location: 366 White Spruce Blvd., Rochester, NY 14623 Birthplace: Rochester, N.Y. Family: Husband, son and daughter-in-law College: Syracuse University, BA, MPA First job outside of real estate: Candy maker First job in real estate or allied field: Housing authority deputy executive director What do you do now and what are you planning for the future? Our firm is a full-service real estate development firm, focusing on the Greater Rochester area and western New York area. We have the capacity to undertake large scale residential development, redevelopment and rehabilitation. Our firm has received numerous national awards for our work in affordable housing. RCG also has a wetland mitigation bank, commercial real estate and brokerage services. Hobbies: Gardening, reading, travel Favorite book: "People of the Book," a great read Favorite movie: The Disney princess films, "Cinderella," "Sleeping Beauty' and "Snow White." Can't wait for grandkids so we can watch them all. Person who you admire most (outside of family): Sister Janet Korn, RSM, friend, advocate for the poor, for social justice, who lives a life of loving, supportive interaction with everyone she meets - and she has a killer sense of humor. Keys to success: Strong family support, standards inculcated by the Sisters of St. Joseph in grammar school and high school, great mentors, and a strong dose of persistence If you had to choose another vocation what would it be? I'd be either a gardener, outside digging in the dirt, or a construction manager. But I really want to drive a zamboni, too!
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Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

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