Flexible / Coworking Archives | Page 29 of 31 | CREtech

The company recently raised roughly $15 million at a $110 million valuation from existing investors including CEAS Investments I and Soros Fund Management, according to Bloomberg. That’s down from a $205 million valuation in December.

Tenants will seek more private workspaces and fewer coworking options as health and safety concerns are amplified in the wake of the COVID-19 pandemic, according to commercial real estate researchers.

Landlord sues co-living firm for bailing on lease. A lawsuit accuses German co-living firm Quarters of “opportunistically” bailing on an $8 million lease in Brooklyn just as New York City became the global epicenter of the coronavirus pandemic.

Selina CEO says $60M in funding will get startup through crisis. Selina, a London-based hotel and co-working company backed by Adam Neumann, has reportedly raised some $60 million in financing

On this week’s episode of EG’s We’re Still Here podcast host Emily Wright is joined by deputy editor Tim Burke for a round-up of this week’s news. From the future of flexible offices to predictions of rent plunges, it has been another week of uncertainty and potential hardship.

Common unveils property manager for workforce housing. Common, a company known for high-end communal living, is getting into the affordable housing business. The co-living firm revealed Monday that it has launched a brand geared towards workforce housing.

The beleaguered office-space provider on Thursday laid off employees in the sales, physical product and operations departments, Business Insider reported. The total number of layoffs was not immediately clear, but the latest round of pink slips follows hundreds of cuts in recent months.

Workthere’s Global Flexible Office Provider Sentiment Survey shows 62% of global flexible office providers are optimistic about coworking prospects over next 12 months. In the first of a series of sentiment surveys among flexible office providers around the world, Savills flexible office specialist Workthere found that 26% are optimistic about the prospects for t...

WeWork’s flexible office business is asking for rent cuts and battling to cut liabilities, and the company failed in its effort to go public in September 2019, leading to the ouster of mercurial co-founder Adam Neumann. But its property investment arm is still bringing in a lot of cash to make new investments.

The coworking industry leader is aiming to adapt to the coronavirus pandemic by redesigning its workspaces.  WeWork last week began rolling out plans to implement social distancing measures and increase cleaning practices in its coworking spaces. It detailed the plans in a brochure to members, which a WeWork spokesperson shared with Bisnow.