News: Brokerage

Evertz and Smith of Pyramid Brokerage broker $555,000 sale

The 58,924 s/f professional office building located at 5858 East Molloy Rd. was sold. Molloy Holding LLC purchased the property from Kevin Pickard in December for $555,000. Office suites are still available for lease at competitive prices in this well located professional office. Bill Evertz and Kimani Smith of Pyramid Brokerage Company brokered this sale transaction. Pyramid Brokerage Company is Upstate New York's largest and only regional commercial real estate services firm with over 100 agents in 10 offices across the state. The company's service lines includes industrial, retail and office sales and leasing, market research and analysis, corporate advisory services, an investment specialty group and financial services. As a member of the Cushman & Wakefield Alliance of independently owned and operated affiliates, Pyramid partners with the world's largest privately held real estate services firm with over 12,000 professionals in locations across the globe.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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,
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
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