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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SABRE coordinates sale of six properties totaling 199,845 s/f

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
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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.
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
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
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