Flexible / Coworking Archives | Page 30 of 31 | CREtech
JPMorgan cashed in almost $100 million of its stake in WeWork shortly before the company’s failed attempt to go public. The banking giant — a lead advisor on WeWork’s botched initial public offering effort — sold its shares last year, soon before the office giant descended in...
A deal between Airbnb and RXR Realty that was touted as a “21st-century hospitality model” will never see the light of day. The short-term rental giant and the landlord are pulling the plug on a 10-floor residential rental conversion at 75 Rockefeller Plaza, according to Business Insider. The companies said last year that they would bring 200 hotel-style units to the 33-story office tower.
By the end of March, nearly two-thirds of knowledge workers were working remotely, according to an estimate from software company Netskope. A Colliers survey of people around the globe conducted around the same time found 82% of employees hope to work from home at least once a week after the pandemic.
It’s a concept that feels far off in a city like New York, but it’s a daily consideration for the leaders of flex-office companies, who are trying to reshape their businesses to reach the next wave of workers — a cohort likely to be hyper-alert about density and sanitization.
The events of the past several weeks have changed the world of work for today, and into the foreseeable future. Since March of 2020, the majority of office-occupying industries have been working from home, while sheltering in place. This abrupt shift in workplace operations has resulted in significant behavioral changes that may have a lasting impact on workspace design and use, while simultane...
The Wing was riding high early last year. The network of women-focused clubs and co-working spaces was rolling out new locations around the U.S. and had secured new funding led by venture-capital powerhouse Sequoia Capital.
There is increasing confusion over the future of short-term private accommodation rental brand Stay Alfred. The U.S.-based high-end property platform suspended operations at the beginning of April, as the coronavirus outbreak took a firm grip on cities across the country and travelers were urged to stay at home.
Two independent WeWork directors failed to fast-track their lawsuit over SoftBank Group Corp.’s decision to scrap a $3 billion stock purchase that was part of a rescue package the struggling office space provi...