News: Brokerage

Schiller of Pyramid Brokerage completes $1.2 million sale

Lockport, NY The Johnson Rose distribution building, located at 5303 Crown Dr., sold to Moley Magnetics. The sale price for the 55,000 s/f structure was $1.2 million. David Schiller SIOR from Pyramid Brokerage Company of Buffalo Cushman & Wakefield Alliance marketed the building for its owner. The town of Lockport Industrial Development Agency’s David Kinyon was proactive in all matters associated with development in the IDA’s park. The town of Lockport IDA will be headed in the New Year by Marc Smith, succeeding Kinyon following his retirement. “The Lockport IDA’s Industrial Park is a successful industrial development project boasting a vibrant group of expanding mid-size private companies in addition to the larger, previously completed Yahoo! project,” said Schiller.
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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.
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 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
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,