News: Brokerage

Conley, Hathaway, Brower and Salvetti of Pyramid Brokerage Company handle four deals

Pyramid Brokerage Company recently completed the following transactions: * Michael Conley of Pyramid represented the seller, Isabel Nackley in the investment sale of a 4,484 s/f apartment building located at 2400 Genesee St. The property sold to Dominick Vettere for $150,000. * The 5,109 s/f commercial building located at 325 Bleecker St. recently sold. Carpenters Local 747 sold the property to Frank Cortrupe for $76,000. Anthony Hathaway and Rick Brower of Pyramid brokered the sale. * The former Knights of Columbus building, located at 7751 Merrick St., Rome, NY, recently sold. James Thomas Sprock, purchased the 8,828 s/f building for $225,000. Anthony Hathaway, Lee Salvetti and Brower of Pyramid brokered the sale. * Tektronix recently leased 10,728 s/f of office space located at 428 Phoenix Dr., Rome. Hathaway and Brower of Pyramid represented the tenant in this lease.
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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.
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,
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,