Co-working


The Latest

WeWork CEO Sandeep Mathrani (Mathrani/Wikipemedia, Getty)
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...

WeWork lost $3B in 2020: report
Knotel CEO Amol Sarva and Newmark CEO Barry Gosin (Sarva via Sasha Maslov; Gosin via Newmark)
National

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
NewLake CEO Anthony Coniglio (NewLake, iStock)
National

Two cannabis REITs form joint venture

As cannabis-focused real estate blossoms, two real estate firms focused on the sector will now be rolled into one. The REITs, NewLake Capital Partners Inc. and GreenAcreage Real Estate Corp., will merge to form...

Two cannabis REITs form joint venture
Knotel CEO Amol Sarva and Newmark CEO Barry Gosin (Sarva via Sasha Maslov; Gosin via Getty)
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...

Newmark’s bid to acquire Knotel is nearly complete
WeWork CEO Sandeep Mathrani, Adam Neumann and SoftBank CEO Masayoshi Son (Getty/Illustration by Kevin Rebong)
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...

WeWork and SoftBank settle lawsuit
WeWork CEO Sandeep Mathrani (Wikipedia Commons, iStock/Illustration by Kevin Rebong for The Real Deal)
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...

WeWork slashes rents in some cities
The Yard CEO Morris Levy and 8 Herald Square (Google Maps, iStock)

The Yard expands into now-defunct Herald Square hotel

The Yard is opening a new location out of a now-defunct Midtown hotel. The flex-office provider told The Real...

The Yard expands into now-defunct Herald Square hotel
From left: Knotel’s Amol Sarva; Breather’s Bryan Murphy; WeWork’s Sandeep Mathrani and IWG’s Mark Dixon
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...

Seismic shifts in the flex-office market
Breather’s Bryan Murphy (LinkedIn, iStock)
National

Breather to liquidate 400 on-demand offices

Breather, a startup that rents office space by the day, has run out of air. The Montreal-based company plans to shutter more than 400 locations in the United States, Great Britain and Canada. In...

Breather to liquidate 400 on-demand offices

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