News: Brokerage

Pangram Labs signs 6,000 s/f lease at 25 Flatbush Ave.

Brooklyn, NY Platinum Commercial has secured a new lease at 25 Flatbush Ave. in downtown with Pangram Labs, a leader in AI detection technology. The company has signed a three-year lease at the property to continue to scale operations following a recent $10 million fundraising round.

Marking Platinum Commercial’s expanding footprint into Brooklyn, Pangram Labs signed a lease for 6,000 s/f of office space, where the company will occupy the entire top floor of the building. Asking rents at the property start at $38 per s/f. Jess Prichard and Steven Evans of Platinum Commercial represented the tenant, while David Ratner represented the landlord. Pangram Labs is expected to occupy its new space on July 15, 2026.

“Downtown Brooklyn has evolved into a hub for innovative, high-growth companies, particularly in emerging sectors like AI,” said Jess Prichard of Platinum Commercial. “Pangram Labs represents the next generation of technology firms prioritizing dynamic mixed-use environments like what is available at 25 Flatbush Avenue as part of their growth strategy. Securing this space positions the company to continue to scale within one of New York City’s most dynamic and fast-evolving business districts.”

Pangram Labs builds advanced tools to distinguish between AI-generated and human-written text, helping organizations maintain authenticity across education, media, and business. As generative AI adoption accelerates, the company’s mission is centered on mitigating associated risks while ensuring language technologies remain a positive force. The new office will support Pangram Labs’ continued team growth and advancement of its platform within a centrally connected workplace.

Located near Barclays Center, 25 Flatbush Ave. benefits from proximity to one of the city’s commercial and cultural hubs. The property is situated in Downtown on the border of Fort Greene, near the Atlantic Ave.-Barclays Center transit hub, offering access to the 2, 3, 4, 5, B, D, N, Q, and R subway lines, as well as the Long Island Rail Road via Atlantic Terminal, providing connectivity throughout New York City and beyond.

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
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.
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,