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CPEX cleans up with housekeeping spinoff
In an unusual business spinoff, Brooklyn brokerage finds new way to mop up extra cash
From the June issue: When is a real estate firm not a real estate firm? When it’s a cleaning service, too.
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]