News: Brokerage

Colliers International Group honored by NAIOP Westchester

Shown above are: Al Gutierrez of Colliers, Robert Swierbut of SL Green Realty and Stephanie Coleman of Colliers.

Valhalla, NY Colliers International Group Inc. has been awarded the NAIOP Westchester County Deal of the Year for its role in Wine Enthusiast Companies’ 31,000 s/f headquarters relocation.

Wine Enthusiast Cos., a multi-channel marketer of wine-related products and publisher of Wine Enthusiast magazine, hired Colliers to find a new headquarters location better suited for its updated culture and image. A team headed by Manhattan-based Michael Cohen, president | tri-state region; and Stamford-based Al Gutierrez, executive managing director, and Stephanie Coleman, director, headed the assignment.

After considering locations and incentives in several states, Wine Enthusiast Cos. and the Colliers team determined that remaining in Westchester County would support the organization’s brand identity and best accommodate its existing employees. The company took leased space at SL Green’s 200 Summit Lake Dr.; Robert Swierbut served as in-house representative for the ownership. The office now houses 92 members of the organization’s communications, media, finance and executive departments. It also includes a wine tasting room and reception area/showroom for Wine Enthusiast Cos.’ online catalog.

“Wine Enthusiast Companies previously housed its headquarters and distribution operations at one location, which dictated a flex environment,” Cohen said. “After examining their recruiting strategy, the executive team decided that as a progressive media marketing firm, they would be better positioned to attract and retain talent in a traditional corporate environment.”

“The move represented a dramatic cultural shift for Wine Enthusiast Companies, and it has been incredibly well received,” Gutierrez said. “The firm has established a modern headquarters to meet its goals. This growing business chose to stay in the region despite significant competition from other states, which is a testament to Westchester County’s appeal.” He added that NAIOP’s recognition of a traditional office requirement is significant following several years in which regional transactional activity has been dominated by corporate downsizings and the repurposing of office product.

“Each year, NAIOP chapters across the country recognize outstanding real estate professionals and projects according to their impact on the community, market adaptability, ingenuity, and local contribution,” noted Colliers’ Jeffrey Williams, Executive Managing Director | Market Leader. “Being recognized by the organization’s Connecticut and Suburban New York chapter is a great honor – especially considering that the Wine Enthusiast Companies transaction was selected over several larger deals.”

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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