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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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,

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