News: Brokerage

King, Altschul and Condren of CPEX Real Estate broker 1,800 s/f lease

CPEX Real Estate has leased 1,800 s/f to Kumon Learning Centers at 8506-8508 4th Ave. in the Bay Ridge neighborhood. The lease was signed for five years with a five year option to renew. The brokers, Timothy King, Eric Altschul and Ryan Condren, marketed the property on behalf of the landlord, Pappas & Pappas. The tenant was represented by Marie Espinal of A+M Real Estate Advisory Partners. "We have a long relationship with the Pappas family and are pleased to have brought this high quality tenant to the Bay Ridge marketplace," said King, principal of CPEX Real Estate. Neighboring tenants include H&R Block, Sleepys, Century 21, Dunkin Donuts, Army Recruiting Center, New York Sports Club and Footlocker.
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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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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