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Roughly one-third of Knotel’s members are looking for a break on rent, the flex office space company disclosed Tuesday. As Knotel grapples with its own financial woes, the figure sheds light on the dilemma facing co-working firms: a sudden loss of income from tenants, including many small businesses, as the coronavirus pandemic keeps people home across the world.
Compass is one of the richest residential brokerages, fortified with $1.5 billion in venture capital. Now facing an uncertain economic future, the company said it has enough cash to withstand a slump of two or three quarters.
For many people, working at home might only last as long as the government requires it. When they return, it will likely be to a changing office space environment.
Venture capital's biggest firms are heading into a recession with a slew of newly raised mega-funds, while smaller firms face a slump in fundraising. Lightspeed on Tuesday announced three funds totaling $4.2 billion, following in the footsteps of
Directors of London-listed flexspace software provider essensys have pumped more than £1m into the business they floated last year to increase liquidity and flexibility.
Commercial real estate software firm MRI Software has agreed to buy social housing proptech firm Castleton Technology.
Airbnb Inc. secured a $1 billion loan from institutional investors, the company said, the second funding round for the home-sharing marketplace since the coronavirus pandemic devastated the global travel industry.
The COVID-19 pandemic has led to different outcomes for different businesses. While some have stood to benefit (think Zoom, Facebook and bidet startup Tushy), others have been hit hard and
Pressed by swiftly falling revenue amid the coronavirus pandemic, corporate America has begun looking for ways to enable U.S. workers to return to ...
A startup that created a dedicated gadget to help ensure the safety of electrical industry workers has turned their talents to addressing the need for similar workplace protections in the face of another threat: COVID-19. Vancouver-based Proxxi is launching Halo