News: Brokerage

Colliers leases 15,638 s/f for Regus Business Centers

Colliers International arranged a long-term, 15,638 s/f office lease for Regus Business Centers at Westchester's Ridge Hill's 73 Market St., also known as 1 Ridge Hill. Owned and managed by Forest City Ratner Companies (FCRC), Westchester's Ridge Hill is a mixed-use development with 1.3 million s/f. Al Gutierrez, executive managing director for Colliers International, who along with senior managing director Ian Ceppos, director Stephanie Coleman, and associate Cameron Paktinat exclusively represented the landlord. "We are pleased to welcome Regus Business Centers to Ridge Hill's 73 Market Street as we continue to expand our dynamic roster of tenants," said Ali Esmaeilzadeh, Vice President of Commercial Development and Leasing for FCRC. "The company's flexible workspaces - including coworking, collaboration, and meeting spaces - add yet another level to the wide range of services offered at Ridge Hill, and reinforce the complex's standing as a prime destination for national retail brands, major corporations, healthcare professionals, families, and visitors alike." "We look forward to expanding our operations in the Yonkers market as we strive to meet the strong and growing demand for our services in this region," said Michael Berretta, Vice President of Network Development North America for Regus Business Centers. "The state-of-the-art facility, services and amenities, and access to major highways and public transportation, makes this an ideal space to accommodate our growing customer base. We are especially pleased to be partnering with Forest City in their development at Ridge Hill. The quality we have come to expect from Forest City nationally is aligned with our direction to provide the very best in amenities and facilities to our global customers."
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account