News: Brokerage

Pyramid arranges three Syracuse sales

Pyramid Brokerage Company has completed three sales in the area that include the following: * William Evertz of Pyramid represented the buyer in the sale of a 27,000 s/f shopping center, located at the corner of Bear and Buckley Rds. The center was sold to Berkley Properties LLC for $1.6 million. Berkley Properties is a company that owns and operates multifamily, mixed use properties, and retail shopping centers. * Evertz also brokered the sale of a 4,500 s/f flex-building located at 148 Dwight Park Cir. for $305,000. Forensic & Failure Analysis Inc purchased the property-expanding from its previous Dwight Park location. * The 14,640 s/f office building located at 5710 Commons Park Dr. was sold by  Edward Tibbits to Klepper, Hahn & Hyatt, an engineering and architectural firm.  The purchase and expansion will enable Klepper, Hahn & Hyatt to better service their clients and to provide an environment suitable for existing demand and growth. Michael Kalet, Brian Balash and John Clark, SIOR, CRE of Pyramid were the brokers.
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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
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.
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
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.
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