News: Brokerage

TAYLOR breaks ground for The Carriages At Cedar Rock; teaming with Landers, HRTH LLC and James Fahy Design

TAYLOR, one of the leading regional general contractors, has been awarded the contract for construction of The Carriages at Cedar Rock. TAYLOR is teaming with a local developer, Peter Landers, HRTH LLC, and James Fahy Design for design and construction of the 43 luxury townhomes at 1076 Hatch Rd. The Canandaigua National Bank and Trust Company is providing HRTH LLC the construction financing for the development. Construction work is currently underway, with a project completion date slated for December of 2014. "This development provides Webster and the Rochester community with quality lifestyle townhomes in a prime location," said TAYLOR president, Karl Schuler. "We are proud to continue our relationship with Peter Landers, the developer of The Legends at North Ponds and the owner of many upscale townhome and apartment communities in the greater Rochester area. We are excited to once again collaborate on another exciting project beneficial to our region." With an ever-expanding need for lower-maintenance living options in our region, this development will feature the construction of 10 luxury townhouse buildings containing 43 units on 8.65 acres. Situated near Bay Towne Plaza and Wegmans, this upscale townhome development will target more active adults all with attached garages.
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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
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
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,