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
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
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.
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,
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