News: Brokerage

King, Muessel and Lee of CPEX arrange two Brooklyn leases totaling 6,000 s/f

The CPEX New York Office Leasing team has completed two leases at 11 Wyckoff St. and 9201 Fourth Ave., respectively. At both locations, CPEX's office leasing team, consisting of managing partner Timothy King, managing director David Muessel, and associate director Yok Lee, represented the landlords in negotiating the lease agreements. The leases total 6,000 s/f. In Cobble Hill, the office leasing team rented 5,000 s/f to "Carmelo the Science Fellow" in a 15-year lease agreement. Located adjacent to the Court St. and Wyckoff St. intersection, one block away from the Bergen Street subway station, the space will house a science-based afterschool day care program. This will be the science program's second location, each of which is commonly referred to as "the Cosmic Cove." At 9201 Fourth Ave., CPEX placed the new medical practice of Dr. Lee Loewinger in a 1,000 s/f medical office space as part of a ten-year lease agreement. Located in Bay Ridge on the corner of 92nd St., the building also features a broad range of available office spaces ready for occupancy in a seven-story, garage-equipped commercial building. "The two leases reflect the continued strong growth within the Brooklyn marketplace," said Muessel. "CPEX is pleased to bring the expansion of one business and the introduction of another to two of Brooklyn's prominent neighborhoods."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,