Lauren, Author at CREtech | Page 208 of 282

I’m not sure if it is the fact that many of them are calling in from the familiar comfort of their own homes or whether the camaraderie that comes from fighting a common battle has given people more confidence to speak from the heart, but the result is the same either way. CREtech and Future PropTech’s Reimagining Real Estate event is about so much more than a series of discussions on the futu...

The leading global provider of mission-critical software-as-a-service platforms and on-demand technology to the flexible workspace industry, announces the launch of Smart Access. In a flexible office portfolio, space access is a common pain point for operators and their members. Administering entry...

As WeWork fights to retain tenants around the world in what some are calling a vacancy crisis, other companies in the flexible office space industry see mixed results. Convene began to reopen its offices in late June, but with most clients’ average Convene lease lasting 18 months, companies are hesitant to recommit. CEO Ryan Simonetti told Bisnow in June he hoped for 25% to 50% occupancy at b...

The pandemic has made business more dependent on cloud-computing than ever—and companies are now racing to rein in the soaring costs. Cloud spending at Audi Business Innovation GmbH, a unit of Volkswagen AG -owned car maker Audi, jumped 12% between March a...

When it rains, it pours. These aren’t the drops that seem to drench New York City nearly every afternoon this summer, but the lawsuits that are piling up against Knotel, claiming the flex-office company is skipping out on rent. Since the beginning of July, at least four landlords have sued Knotel alleging the company owes a total of $1.6 million in unpaid rent, court records show.

CoStar Group’s second-quarter profits slid 4.5 percent to $60 million as it incurred higher operating costs and slower sales during the pandemic. During the quarter, the data giant reported $35 million in net new sales, down from $59 million during the same period last year. But as sales picked up during reopening, CoStar said it notched a record $22 million net new sales in June.

WeWork enjoyed explosive early growth as a refuge for small startups and freelancers. Now, it is ditching that image while trying to revive its business with larger, more-traditional corporate clients. With the new emphasis, WeWork hopes to weather a serious downturn in the office market triggered by the coronavirus. In June, large companies accounted for 65% of its new customers, said Sandeep Mat...

Density, a startup that anonymously tracks how people move through buildings, has raised $51 million from heavy-hitting investors in time to help offices reopen for business. The Series C brings the New York City startup’s total funding to $74 million as companies scramble to keep employees