CBRE Group has acquired the remaining 60% stake in co-working company Industrious, valuing the firm at approximately $800 million. This move signifies a renewed interest in shared workspaces as employees return to offices. Industrious CEO Jamie Hodari will join CBRE’s senior team, overseeing the management of over 7 billion square feet of commercial space. Unlike WeWork's risky leasing model, Industrious has thrived using a profit-sharing approach with building owners. The acquisition reflects CBRE's commitment to flexible office solutions, positioning it as a leader in the evolving commercial real estate landscape.
CBRE Acquires Full Control of Industrious, Embraces Flexible Workspaces Amid Office Return Surge
CREtech
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