News: Brokerage

Pyramid Brokerage Co. completes two sales and a 6,900 s/f lease

According to Pyramid Brokerage Co., the firm has completed the following three transactions: A 23,400 s/f professional office building located at 287 Genesee St. was sold for an undisclosed amount. Shaun Brennan purchased the building from Eaton Street Partners. Anthony Hathaway, Rick Brower and Michael Conley from Pyramid Brokerage Co. brokered this investment sale transaction. Mauro Glass Co. recently purchased the 1,560 s/f retail/service storefront located at 1112 Park Ave. Eaton Street Partners was the seller. Hathaway and Brower collaborated on this sale transaction. In a third recent transaction, a 6,900 s/f industrial warehouse located at 9 Lee St. was recently leased. LKQ Corp. has leased this property. Matt Pryputniewicz of Pyramid Brokerage Co. represented the tenant while Brower acted on behalf of the landlord in this lease transaction. Pyramid Brokerage Co. is one of Upstate's largest regional commercial real estate services firm with over 100 agents in 10 offices. The company's service lines include industrial, retail and office sales and leasing, marketing research and analysis, corporate advisory services.
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NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
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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
A fresh start - by Shallini Mehra and Amit Doshi

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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

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.