News: Brokerage

Mayor Duffy cuts ribbon at grand opening of Station 55; Developed by Costanza Enterprises

Mayor Robert Duffy presided at the official grand opening of Station 55, a newly-renovated vendor market, loft apartment and storage building located at 55 Railroad St. in the city's Marketview Heights neighborhood. Duffy was joined by Costanza Enterprises, Inc., as well as the city's commissioner of economic development, Carlos Carballada; city council member Lovely Warren; and James Farr, the city's assistant director of recreation and manager of the city's Public Market. Real estate management and investment firm Costanza Enterprises invested $3 million in the project to create 17 Soho-style loft apartments, 14,000 s/f, of market space and 80 secure storage units. Station 55 provides another venue for bargain hunters, being located one block from the Rochester Public Market. Costanza successfully developed similar lofts in the Temple Building downtown.
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Columns and Thought Leadership
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,

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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent