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
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
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 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.