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
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

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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