News: Brokerage

Condren, Triglia, Danut and Sigourney of CPEX reps tenant in 800 s/f lease

The New York CPEX retail leasing team completed a lease transaction at 636 Classon Ave. Located between Dean and Bergen Sts. in Crown Heights, the property is a four-story mixed-use building with retail space on the ground floor, of which the incoming tenant will occupy 800 s/f with access to additional outdoor yard space. Formerly a hair salon, 636 Classon Ave. will be opening a play and gathering space for children and families. CPEX's retail leasing team, consisting of managing director Ryan Condren and associates Kristina Triglia and George Danut, represented the tenant in lease negotiations. Andre Sigourney, associate director of the CPEX retail sales team, also assisted with the transaction. M.C. O'Brien represented the landlord. Sigourney said, "With living space in Crown Heights getting smaller and pricier by the month, this dynamic new business will provide much needed room for all those families feeling cooped up in their apartments and suffering from cabin fever."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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,