News: Brokerage

Richard Schechter 2012

Name: Richard Schechter Title: Senior Director, Associate Broker & General Counsel Company: Pyramid Brokerage Co. of Buffalo, Inc. Location: 1900 Rand Building, Buffalo, NY 14203. College: State University of New York at Buffalo; BA, JD & MBA. Family: Wife Julie; Dogs Ranger and Hope First job unrelated to your current field: Practicing attorney for 12 years. First job in current field: Commercial real estate broker with Berlow Real Estate, predecessor to Pyramid Brokerage Co. What your firm does now and its plans for the future? Pyramid Brokerage is Upstate New York's leading commercial real estate brokerage firm with more than 130 licensed brokers in 10 Upstate New York cities. Pyramid plans to continue delivering superior real estate solutions for its clients. Hobbies: Golf, tennis and racquetball Favorite Film: "Pride of the Yankees" Favorite Novel: "The Great Gatsby" Keys to success: Give back to the community and good things will happen. Work harder and smarter than your competition, but never lose sight of your core values. Person(s) you most admire (outside of family): Franklin Delano Roosevelt If you had to choose a different profession, what would it be? Cardiothoracic surgeon
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AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
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Columns and Thought Leadership
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

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 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