News: Brokerage

Renovations to Fairport Apartments complete-104-unit apartment campus

The renovation of Fairport Apartments, located at 1030 Whitney Rd., is complete. The facility underwent extensive rehabilitation inside and out, including improvements to the roof, siding and windows, as well as the installation of platform lifts to facilitate access to the second floor. There is extensive wheel chair access in the interior of each apartment, including roll-in showers in the larger units. This work modernized the apartments, including the implementation of a more functional floor plan. Constructed in 1972, this 104-unit apartment campus was redeveloped by the Fairport Baptist Home, Rochester's Cornerstone Group, Ltd., and Perinton Churches Housing, a consortium of 13 local churches concerned about senior housing. The complex remains affordable for those 62 and over. A ribbon cutting ceremony was held in the community building. Dignitaries attending and speaking include Monroe county executive Maggie Brooks, assemblyman Sean Hanna, assembly district 130; James Smith, supervisor, town of Perinton; Fritz May, mayor, village of Fairport; Lenny Skrill, director, Upstate Capital Projects, NYS Division of Housing & Community Renewal.
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Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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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
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
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,

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,