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
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,

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.