Brookfield partners with workspace provider Convene

The commercial firm was an early investor in the meeting space startup

TRD LOS ANGELES /
Oct.October 06, 2017 06:00 PM
Renderings of Convene’s spaces at 777 South Figueroa (Convene)

Brookfield Property Partners is welcoming a new tenant.

The landlord is partnering with meeting-space provider Convene on several of its Downtown Los Angeles office properties, the Commercial Observer reported.

Convene will launch in Brookfield’s Wells Fargo Center at 333 South Grand Avenue and its 777 Tower at 777 South Figueroa Street in early 2018, according to Convene’s website. Other locations have not yet been disclosed.

Convene designs and manage workspaces, on-demand meetings and events. The company also provides food and beverage services, planning and production support and a mobile app for tenants.

The Brookfield partnership will mark Convene’s first entrance into the West Coast market, expanding its portfolio of locations that include New York City, Boston and Philadelphia.

Brookfield, which owns $65 billion in total assets, was an early investor in the office provider. The company anchored Convene’s $20 million Series B and $68 million Series C fundraising in 2016 and 2017, respectively.

The partnership comes on the heels of WeWork’s recent decision to partner with hospitality leader Airbnb, reflecting a larger push towards hospitality-centric offices. [CO] – Natalie Hoberman


Related Articles

arrow_forward_ios
From left: Saeed Nourmand, Michael Nourmand, Grant King and Richard Heyman

Relevant Group sues Nourmand & Associates’ founder, alleging extortion over hotel projects

Centennial founder and CEO Steven Levin with a rendering of the project

Centennial Real Estate approved for sprawling $300M mixed-use village

Apartment complex at 1435 Stanley Avenue and Raintree Partners CEO Jeffrey Allen (Credit: Apartment Finder)

Raintree Partners spends $79M on Glendale multifamily portfolio

LA Mayor Eric Garcetti

Down goes Measure EE: Property tax referendum routed at polls

CIM Group Founders, Shaul Kuba, Richard Ressler, and Avi Shemesh and 4750 Wilshire Boulevard (Credit: Google Maps)

CIM Group lists part of its Miracle Mile office campus

Arman Gabay and The Springs shopping center in Palm Springs, part of the 14-property portfolio

Charles Co. secures $215M refi for retail portfolio

Joon Choi, principal at Harbor Associates, and 2400 Conejo Spectrum Street (Credit: Google Maps)

Harbor Associates leases up then sells off its Thousand Oaks office park

9300 Wilshire Boulevard

Land under historic Beverly Hills office building sells for $25M

arrow_forward_ios