National
“Too much money and no guardrails:” WeWork book authors dish on collapse
Whenever Eliot Brown heard another wild Adam Neumann anecdote, he’d tell his editor. And the response would be: “Why...
co-working
The Latest
National
WeWork reports membership growth, best sales since 2019
As businesses seek greater flexibility in a post-pandemic world, WeWork’s offerings could be regaining popularity. The co-working giant is...
National
Industrious buys Breather’s listings platform
Flex-office operator Industrious acquired the listings platform and branding rights of Breather, the Canadian rent-by-the-day company that folded its...
National
Amol Sarva regrets getting into bed with “consummate Wall Street type” Howard Lutnick
Amol Sarva has shared new details about how Knotel’s partnership with Newmark turned hostile. In a video interview, Sarva...
National
WeWork lost $3B in 2020: report
Investors betting on WeWork’s second act just got a wake-up call. The co-working company lost $3.2 billion last year as the Covid-19 health crisis slashed the demand for flexible office spaces, the Financial Times...
National
Newmark’s bid to acquire Knotel is nearly complete
Newmark’s bid to acquire Knotel is nearly complete. The bankrupt flex-office provider was scheduled to be sold on Friday...
National
WeWork and SoftBank settle lawsuit
The battle between WeWork and SoftBank is over. The beleaguered co-working giant and its co-founder and former CEO, Adam Neumann, have reached a legal settlement with SoftBank Group, Bloomberg News reported, heading off a...
National
CBRE acquires 35% stake in flex-office provider Industrious
CBRE Group has acquired a 35 percent stake in Industrious ahead of the flex-office provider’s possible 2021 IPO. “We...
National
WeWork slashes rents in some cities
WeWork has slashed its rents across the country as workers continue to avoid going into offices. The New York-based flex-office provider dropped the price of its rental fees in November and in January by...
National Issue
Seismic shifts in the flex-office market
Montreal-based Breather, a company that rents workspaces by the day, made a bold announcement last month that reverberated throughout the world of flex-office operators. “Breather, in its current form as an operator, doesn’t make...
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