Knotel


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Michael Gross (Getty, iStock)

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...

Knotel to tap former top WeWork exec as CEO
Knotel CEO Amol Sarva and Newmark CEO Barry Gosin (Sarva via Sasha Maslov; Gosin via Newmark)

Newmark’s acquisition of Knotel is approved

A bankruptcy court has approved the sale of flex-office provider Knotel to brokerage Newmark. Newmark officials said they expected...

Newmark’s acquisition of Knotel is approved
Knotel CEO Amol Sarva and Newmark CEO Barry Gosin (Sarva via Sasha Maslov; Gosin via Getty)

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...

Newmark’s bid to acquire Knotel is nearly complete
Newmark CEO Barry M Gosin (Newmark, Getty)

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...

Newmark earnings fell 37% in 2020
From left: Knotel’s Amol Sarva; Breather’s Bryan Murphy; WeWork’s Sandeep Mathrani and IWG’s Mark Dixon
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...

Seismic shifts in the flex-office market
(Sarva by Sasha Maslov)

Knotel seeks to raise $100M in a serious down round

Knotel is reportedly trying to raise $100 million in funding in a round that would significantly lower its valuation,...

Knotel seeks to raise $100M in a serious down round
VC or PPP? Some proptech firms got both

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...

VC or PPP? Some proptech firms got both
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