The Real Deal New York

Posts Tagged ‘cpex’

  • jemb-brooklyn

    420 Albee Square and Morris Bailey

    JEMB Realty picked up a Brooklyn parking lot with 185,000 buildable square feet for nearly $38.5 million.

    The lot at 420-428 Albee Square sits across the street from the City Point megadevelopment in Downtown Brooklyn. The Girard family owned it for years, while a parking operator held a long-term lease. [more]

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  • From left: Kristina Triglia of CPEX and 833 Franklin Avenue

    From left: Kristina Triglia of CPEX and 833 Franklin Avenue

    A bit of Crown Heights rebranding, along with soaring rents north of Eastern Parkway, is pushing one retailer south.

    Owl & Thistle General Store, which sells local and environmentally-friendly products, has inked a deal at 833 Franklin Avenue. [more]

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  • Kushner-117-175-Rosen1

    From left: Jared Kushner, 117 Adams Street and Tim King

    The partnership between Kushner Companies, RFR Realty and Invesco has tapped CPEX to lease the retail space in the newly acquired $375 million Watchtower portfolio in Dumbo. The purchase of the commercial properties that compose the portfolio from the Jehovah’s Witnesses was the largest of the year in Brooklyn. [more]

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  • From left: Sean Kelly of CPEX and 8-16 Nevins Street

    From left: Sean Kelly of CPEX and 8-16 Nevins Street

    Decidedly hip developer Bushburg Properties has closed on two Downtown Brooklyn buildings for $16.3 million in cash, The Real Deal has learned. [more]

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  • Elliman moves to bigger Cobble Hill digs

    February 17, 2012 04:00PM

    From left: 327 Court Street and Eric Altschul of CPEX

    Prudential Douglas Elliman has inked a lease for a new space down the street from it’s current space in the Cobble Hill area of Brooklyn, Crain’s reported.

    The brokerage will move a half dozen blocks down the street to a 1,500-square-foot building that is currently a Chinese restaurant at 327 Court Street, at the corner of Sackett Street. The new office will be large enough to accomodate 50 brokers, Camille Logan, executive vice president and director of sales at Elliman, told Crain’s. Elliman will be in the space by April, Crain’s said. They will close the current office at 189 Court Street. [more]

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  • From left: Geoffrey Bailey, director of TerraCRG, Triangle Sports, Timothy King, managing director of CPEX, and a rendering of the Barclays Center

    National retailers and restaurateurs have been scrupulously scouting for real estate locations near and along Flatbush and Atlantic avenues in advance of the Barclays Center opening this year.

    The Wall Street Journal reported that the most recent victim of the growing trend is Triangle Sports, the 96-year-old retailer at the intersection of Flatbush and Fifth avenues. With the weak economy and increased pressure from the national retailers and upscale boutiques that have descended upon the area, Triangle Sports owners felt it would be best to sell their property. [more]

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  • Parisian hotelier and restaurateur Cyril Aouizerate plans to open a restaurant, Maimonide of Brooklyn (or M.O.B.), in a 1,900-square-foot space he just leased in Downtown Brooklyn, according to CPEX, which represented Aouizerate in the transaction. Aouizerate, who founded France’s Mama Shelter hotel chain, signed on for 10 years at 525 Atlantic Avenue, with a starting rent of $50 per square foot, in a deal brokered by CPEX’s Ryan Condren and Eric Altschul. The property was sold, as recently as June 2 according to public records, to New Atlantic Gardens for $10 million. G.F.I. retail represented the owner in the Maimonide of Brooklyn transaction. “Eric and Ryan spent a great deal of time bringing all the parties together and they demonstrated great tenacity during the many months of negotiation.” said Timothy King, Managing Partner of CPEX Real Estate. TRD

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  • CPEX names Roberts as new COO

    June 07, 2011 03:56PM

    Commercial sales and leasing firm CPEX has named Greg Roberts to the role of COO, where he’ll be overseeing systems, accounting, human resources, public relations and business development, the company announced today. Roberts, who worked on the planning teams for the Ritz Carlton Battery Park Hotel, the St. Regis Los Angeles Hotel, the Cipriani Toy Building and the Rubin Museum of Art, had been managing director prior to his promotion. He will be working directly with CPEX managing partners Brian Leary and Timothy King in his new position. TRD

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  • alternate text
    Ryan Condren and Zazza Residential

    Zipcar has signed a lease to take 2,000 square feet of space in the 50-space parking garage attached to the Zazza Residential condo-turned-rental building in Williamsburg. CPEX Real Estate Service, acting on behalf of the Zazza Group that developed the building, reached out to Zipcar to lease the space. The firm would not disclose the terms of the deal, and wasn’t certain how many cars Zipcar could, or would, keep in the garage. Ryan Condren, the managing director who brokered the lease, said Zipcar was interested in the space at 424 Bedford Avenue because it is an ideal location for their business. “It’s central to Williamsburg’s densest residential areas and is easily accessible from the train,” he said. TRD[more]

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  • Marshalls eyes space in Williamsburg

    January 14, 2011 06:23PM
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    Joseph Cayre and 242 Bedford Avenue

    Discount clothing department store Marshalls and drugstore CVS are interested in leasing space in a troubled development site in Williamsburg, once the stalled construction project is completed, several brokers said. The national chain retailers are looking at a lower-level space at 242 Bedford Avenue, just south of North 4th Street, the brokers, who asked to remain anonymous, said. The half-built site is owned by Yehuda Backer’s Williamsburg-based Backer Group, which halted construction several years ago. Instead, the parcel has only steel shells with no current construction evident.
    [more]

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  • From left: Timothy King of CPEX and maps showing the retail corridors covered by the CPEX report

    A new report on New York City’s traditionally tight-lipped retail leasing market lifts the curtain on pricing in more than 193 shopping districts in the five boroughs (see the full report after the jump). The survey, the first undertaken by the two-year-old Brooklyn sales and leasing firm CPEX Real Estate, gives ranges for rents based on a review of more than 1,200 leases as well as interviews with owners, appraisers and other industry sources, company principal Timothy King said. The overview is a rare glimpse into the retail leasing industry that remains far more secretive than residential and office leasing, brokers said. While brokerage firms release retail reports, for example commercial real estate firm CB Richard Ellis released a sophisticated fourth-quarter retail analysis of 10 shopping districts in Manhattan south of 86th Street this week, they do not cover all five boroughs. King said there were few surprises in the CPEX data. He said its value was as a tool for clients looking for a broad view of the market. “If a retailer comes from out of town, this is a road map to give you a logical starting point,” King said. … [more]

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