The Real Deal New York

Oxford inks deal with Regus to give agents shared office space

July 02, 2013 11:30AM

Oxford Co-CEO Adam Mahfouda, Regus business lounge interior, Regus CEO Mark Dixon

Oxford Co-CEO Adam Mahfouda, Regus business lounge interior, Regus CEO Mark Dixon

Agents at the residential brokerage Oxford Property Group are going to have an easier time doing business across the city, thanks to a new agreement with flexible workplace provider the Regus Group, according to an Oxford press release.

Oxford, headquartered at 286 Fifth Avenue, has signed a contract with Regus, granting Oxford personnel access to Regus’ 38 Manhattan business centers.

As part of Regus’ Businessworld Gold program, Oxford agents will have entrée into Regus business lounges and cafes, exclusive discounts on business-related products, meeting rooms, day offices and video communications.

Regus, headquartered in Luxembourg, has been rapidly expanding across Manhattan recently, and has facilities in more than 1,500 locations in 600 cities and 100 countries across the globe. –Julie Strickland

9 Responses to “Oxford inks deal with Regus to give agents shared office space”

  1. July 02, 2013 at 5:48 pm, Caesar Katz said:

    Nice idea, but TOTALLY illegal. The DOS requires that each branch office from which agents operate be licensed. Oxford now has 38 unlicensed, illegal branch offices. Oops.

    • July 02, 2013 at 8:49 pm, Mike Woods said:

      Your an idiot. So according to your logic, brokers will need a license for every Starbucks location they meet clients at.

      • July 02, 2013 at 9:24 pm, Caesar Katz said:

        You should ask the DOS if you’re unsure. They have ruled on this already. The law is clear. You can’t get around the branch office law with temporary offices. Starbucks is a coffee shop. No consumer walks into Starbucks thinking they’re in a real estate office. But Regus is in the business of making clients believe they’re in your office, so a client rightly would expect that’s the case. The branch office law is a consumer protection law, which requires any office of a real estate broker to comply, for the protection of consumers. But since the Regus office does not comply in any way with the law, its illegal. Anyway, good luck, Adam . . . er, Mike.

  2. July 02, 2013 at 5:58 pm, Caesar Katz said:

    “Where the applicant for a real estate broker’s license maintains more than one place of business, the broker shall apply for and the department shall issue a supplemental license for each branch office so maintained….” Real Estate License Law Section 441-a3. No charge.

  3. July 04, 2013 at 6:02 pm, NYBroker said:

    The Regus program detailed in the article clearly states that the agents have access to the business lounges and cafes, not an office. So, it is indeed the equivalent of meeting at a Starbucks (with coffee included) but without the additional noise and distractions.

    • July 07, 2013 at 1:32 am, Caesar Katz said:

      So the 38 business centers are cafes and lounges? Funny, I’ve been to many of those Regus business centers. They sure look like offices to me. Anyway, as I said, Adam, good luck with that.

    • July 07, 2013 at 1:37 am, Caesar Katz said:

      Here’s a link to Regus’ Businessworld Gold program, including the discounted rates on day offices and meetings rooms, in case you missed that part of the program. http://www.regus.com/products/businessworld-membership/gold.aspx

  4. July 07, 2013 at 5:45 am, NYBroker said:

    As I originally wrote, the program that the article discusses gives the agents/brokers access to their business lounges. Your original comment was labeling this illegal, uh, TOTALLY illegal. It seems that the only person who would be confused is you and, btw, DOS has given their blessing to the arrangement.

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