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...
Knotel
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National
Amol Sarva trashes Newmark after ouster from Knotel
Knotel co-founder Amol Sarva took some shots at its new owner, Newmark, on his way out the door of...
National
Knotel to tap former top WeWork exec as CEO
Knotel is bringing on a WeWork veteran to help straighten out the bankrupt flex-operator. Former WeWork vice chairman Michael Gross will join Knotel as its chief executive, the Wall Street Journal reported. Gross’ first...
National
There are more agents than homes for sale
For-sale home inventory is shrinking in the hot housing market, but the number of residential real estate agents is rising. Just 1.04 million homes were on the market at the end of January, down...
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
Newmark earnings fell 37% in 2020
If Newmark Group goes ahead with its planned acquisition of Knotel, does that make the commercial real estate services firm a competitor to its landlord clients? “Just the opposite,” CEO Barry Gosin said during...
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...
National
Knotel CEO says flex-office provider has new funding: report
As Knotel battles lawsuits from landlords, evictions and accusations of unpaid rent, its CEO says the flex-office provider has...
National
VC or PPP? Some proptech firms got both
Knotel has raised $560 million in venture capital since 2016. But when coronavirus hit, the flex-office provider received a PPP loan between $5 million and $10 million to retain employees. It wasn’t alone: at...
National
Knotel’s Q2 revenue plunged 20%
UPDATED: July 9, 7:10 p.m.: Flex-office startup Knotel said its revenue plunged 20 percent during the second quarter, offering a glimpse of the economic toll the pandemic is having on the office market. CEO...
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