News: Spotlight Content

CPEX hires 21 college students for summer internship program

According to CPEX, the firm has hired 21 college students for its summer 2012 internship program. The CPEX internship program encourages students to take part in any meeting happening in the office so that they get a well-rounded idea of how the company functions as well as the roles and responsibilities of each employee. Additionally, each student is assigned to a team within the firm and is closely monitored by a CPEX professional. Indeed, the interns are divided among the sales, leasing, advisory, acquisitions, research, and administrative departments to actively participate in the direction of the company and assist in its ongoing growth. This group of interns arrives with a diverse background and varied skill set for their summer experience in commercial real estate. The CPEX program welcomes students hailing from South Korea and China, as well as those commuting daily from their homes in Pennsylvania and New Jersey. They are currently enrolled at such institutions as Columbia University, Hamilton College, and Rensselaer Polytechnic Institute, and study topics as divergent as economics, engineering, and visual arts. Some are interested in starting a career in the real estate industry, while others simply want to gain valuable exposure to the inner workings of a growing business. Intern Louisa Graham said, "My time interning at CPEX has been extremely productive. I've collaborated with associates on various projects across multiple departments and had the opportunity to sit in on meetings with industry leaders. At CPEX, people are friendly and approachable, communicating with one another so that everyone has an overall knowledge of what's happening in the company. Every day has been a learning experience for me." COO Greg Roberts said, "Our objective was to target every college and university within a 150 mile radius of our office. As a result, CPEX appeared on 81 college career boards and received over 500 resumes to fill these positions. We are very excited to have such a diverse group of students to assist in the continued success of CPEX." CPEX was founded in September 2008 by Timothy D. King and Brian T. Leary, two prominent leaders in the New York City commercial real estate industry. The founders have provided a broad range of real estate and business services locally, nationally and internationally throughout their career. CPEX provides a full range of services for both real estate and business owners, through our innovative operating platform and entrepreneurial culture. CPEX implements a team-based approach in which each group is focused on a specific business line, product type and definitive specialization for each market. Real estate services include: sales, leasing, acquisitions and advisory. Business services include: sales, acquisition, and advisory. CPEX adds additional resources and support to its teams. Each business line is backed by its own dedicated operations team. The operations team carries out tasks such as scheduling, preparing materials and documentation, client reporting, coordinating public relations, advertising and marketing efforts, and working with CPEX administration. Teams are further supported by our centralized in-house research, technology and marketing & media groups. This quality of support allows our sales force and advisory team to remain singularly focused on executing assignments. The CPEX operating platform consisting of multiple people working together in a specialized system is proven to achieve maximum results for our clients.
MORE FROM Spotlight Content

Over half of Long Island towns vote to exceed the tax cap - Here’s how owners can respond - by Brad and Sean Cronin

When New York permanently adopted the 2% property tax cap more than a decade ago, many owners hoped it would finally end the relentless climb in tax bills. But in the last couple of years, that “cap” has started to look more like a speed bump. Property owners are seeing taxes increase even when an
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The strategy of co-op busting in commercial real estate - by Robert Khodadadian

The strategy of co-op busting in commercial real estate - by Robert Khodadadian

In New York City’s competitive real estate market, particularly in prime neighborhoods like Midtown Manhattan, investors are constantly seeking new ways to unlock property value. One such strategy — often overlooked but
Oldies but goodies:  The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Oldies but goodies: The value of long-term ownership in rent-stabilized assets - by Shallini Mehra

Active investors seeking rent-stabilized properties often gravitate toward buildings that have been held under long-term ownership — and for good reasons. These properties tend to be well-maintained, both physically and operationally, offering a level of stability
How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

How much power does the NYC mayor really have over real estate policy? - by Ron Cohen

The mayor of New York City holds significant influence over real estate policy — but not absolute legislative power. Here’s how it breaks down:

Formal Legislative Role

Limited direct lawmaking power: The NYC Council is the primary
Properly serving a lien law Section 59 Demand - by Bret McCabe

Properly serving a lien law Section 59 Demand - by Bret McCabe

Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.