News:
Brokerage
Posted: November 22, 2010
Kalet and Sposato of Pyramid sell 104,000 s/f retail showroom and whse.
The former Goldberg's Furniture store, located at 506 S. Main St. was sold. L&J Stickley & Company, a world renown manufacturer and retailer of mission style furniture, headquartered in Manlius, purchased the 104,000 s/f retail showroom and warehouse. Michael Kalet and John Sposato of Pyramid Brokerage Company began strategically marketing the property in 2009 when Goldberg's Furniture announced they would be shutting down operations at their North Syracuse location. "Stickley was a natural fit for this facility," said Micheal Kalet, Director of Sales for Pyramid Brokerage Company. "They had been in the market looking for a location for a retail showroom, and the former Goldberg's facility, a mainstay in the community for over 75 years, was a perfect location for Stickley."
Stickley Furniture plans on opening operations at their new location after construction and renovations have been completed anticipated to be fall, 2010.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Quick Hits
Columns and Thought Leadership
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,
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
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman
July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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
