News: Brokerage

Pyramid Brokerage Company completes three sales transactions totaling $764,500

Three separate businesses are moving into the three buildings that formerly housed DM Business Products at Powers Rd. and Progress Parkway. The sale of the three properties this summer was announced by Pyramid Brokerage Company in Binghamton, whose agents brokered the transactions. The smallest of the three buildings, a 20,000 s/f warehouse on Powers Rd., was sold for $100,000 to Wayne's Welding, Inc., headquartered near Utica. The company specializes in custom welding and fabrication and repairs heavy equipment and road maintenance trucks. A 35,000 s/f industrial and office facility also on Powers Rd. was purchased for $327,000 in June and is now occupied by GEARCOR, an internet-based distributor of protective footwear and other personal protective gear. The move has enabled the growing company to consolidate its operations from multiple locations and facilitate accelerated growth. Mity Forms, a division of Conklin-based Cleaner's Supply, is the new occupant of a 38,000 s/f warehouse and manufacturing facility of Progress Parkway sold for $337,500. The printing operations of Mity Forms will be moving to the new location from the nearby Powers Road location of Cleaner's Supply. The move will provide room to grow for both the printing and distribution operations of the company.
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.
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
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