News: Brokerage

Biniszkiewicz of Pyramid reps seller in $630,000 sale of 26,000 s/f building

Modern Disposal has purchased the 26,000 s/f industrial warehouse building located on 5.5 acres from Clove Hold, Inc. The 5.5-acre property, located on 590 Elk St., was sold for $630,000. Robert Biniszkiewicz of Pyramid Brokerage Company, a Cushman & Wakefield Alliance Member, represented the seller and Peter Jaremka of Militello Realty represented the buyer. Pyramid, founded in 1971 in Syracuse, is one of upstate New York's largest and regional commercial real estate services firms with over 100 agents in 10 offices across the state. Their office locations include: Syracuse, Albany, Binghamton, Buffalo, Corning, Elmira, Ithaca, Hudson Valley, Rochester, Syracuse, Utica and Watertown.
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SABRE coordinates sale of six properties totaling 199,845 s/f

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
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Columns and Thought Leadership
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
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.