News: Brokerage

Pyramid Brokerage Company completes two transactions totaling 9,620 s/f

The former Dan Pedro Restaurant, located at 2205 Buffalo Rd., Rochester, was recently purchased in March. GE Capital Franchise Finance Corp. sold the 5,700 s/f building situated on 1.75 acres. Blue Sky Development purchased the property with plans to open their second Quaker Steak & Lube restaurant. Renovations on the site are currently underway with a 3rd quarter expected opening date. Bill Evertz of Pyramid Brokerage Company exclusively represented Blue Sky Development to acquire their new franchise location. In another transaction, the 3,920 s/f industrial building located at 506 Gordon Ave., Syracuse, was sold in March to investor Cambridge Properties, LLC for an undisclosed amount. Evertz and George Lee of Pyramid Brokerage Company represented the seller Skytop Realty LLC and Marty Merola of Sutton Real Estate represented the buyer in this sale transaction. The property was then leased in April. Evertz, exclusively representing the new landlord. Cambridge Properties, LLC, leased the property to Buffalo Bio Diesel, Inc. of Buffalo, NY. Buffalo Bio Diesel will be using the property for storage and distribution.
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Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

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

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

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

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