CPEX cleans up with housekeeping spinoff

In an unusual business spinoff, Brooklyn brokerage finds new way to mop up extra cash

Philip Santini oversees BHG Cleaning Services, CPEX’s latest venture.
Philip Santini oversees BHG Cleaning Services, CPEX’s latest venture.

From the June issue: When is a real estate firm not a real estate firm? When it’s a cleaning service, too.

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Commercial brokerage CPEX has a solution to the ups and downs of the real estate market: diversify. That’s why the three-year-old Brooklyn-based firm launched Bespoke Hospitality Group 18 months ago, which now has spawned BHG Cleaning Services, a high-end housekeeping service that should keep the company’s coffers full even during a downturn. [more]