News: Brokerage

Oster of Rochester's Cornerstone: Successful projects

The NYREJ recently sat down with Carol Oster of Rochester's Cornerstone Group, Ltd., for a question and answer session. Q: What has been your companies' biggest challenge so far this year? A: Limited Federal Tax Credit resources and falling area median incomes. Q: What has been your companies' greatest accomplishment? A: Completing successful affordable rental housing projects throughout Monroe County - most recently, Rockwood Center at Brentland Woods in Henrietta, Monarch Senior Living in Webster and El Camino Estates Phase II in the city of Rochester. Q: What are you and your firm looking forward to in 2014? A: Constructing and preserving 300+ units of affordable and market rate rental housing. Q: What can your company offer our readers? A: Rochester's Cornerstone Group can provide development services for market rate and affordable rental housing, including redevelopment and preservation of existing housing stock. Carol Oster is vice president, development services of Rochester's Cornerstone Group, Ltd., Rochester, N.Y.
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Columns and Thought Leadership
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,

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
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,