News: Brokerage

Pyramid-Syracuse completes 30,000 s/f lease and $600,000 sale

Pyramid Brokerage Co.-Syracuse has completed a 30,000 s/f lease and a $600,000 sale. Michael Kalet of Pyramid brokered the lease of a 30,000 s/f office and warehouse space located at 900 Hiawatha Blvd. East. Kalet represented the landlord, Hiawatha Blvd, LLC. Village Office Supply leased the space for its upstate New York central service center and distribution facility to service all points in proximity to I-90 (east and west) and I-81 (north and south). John Clark, CRE, SIOR and sales associate Jim Laurenzo of Pyramid Brokerage brokered the sale of a 10,000 s/f truck terminal located at 139 Falso Dr. representing the seller the Falso family. They also negotiated the sale of the 14,900 s/f property located at 140 Falso Dr., representing the seller, Verbeck Associates, LLC. John Yennock purchased both warehouse investments for a total of $600,000.
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Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
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Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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