News Archives | Page 907 of 1016 | CREtech
Rapid expansion comes at a price. Knotel, one of WeWork’s biggest threats, racked up an EBITDA loss of $24.1 million on $17.6 million in revenues between January and July, according to internal numbers obtained by The Real Deal. The company’s operating loss stood at $11.6 million.
Founded in 2016, Knotel expanded from just 200,000 square feet of office space under management at the...
It’s a good week to be Josh Kushner, venture capitalist, founder of the health insurance unicorn Oscar, brother to President Donald Trump’s senior advisor Jared Kush...
Placer.ai, which uses smartphone tracking data to help businesses make decisions, announced the closure of a $4 million funding round today. The funds will be used to expand its service for tracking and predicting foot traffic and people’s movements and to grow its sales and marketing teams.
The commercial real estate industry is decades behind many industries that have already automated and are using emerging technologies to make processes faster and more efficient. But bringing buildings into the modern era won't be easy.
More than 80% of existing buildings in the U.S. are over 30 years old, Buchalter shareholder Manuel Fishman said.
HOLMDEL, NJ—Somerset Development has signed fifteen new office leases at Bell Works, the successful revitalization of the two-million-square-foot Bell Laboratories in Holmdel, NJ. The latest office users to join the mixed-use ‘metroburb’ – a self-contained metropolis in a suburban locale – further boost the successful tr...
CoStar Group has reported another jump in revenue to $306 million for the company’s third quarter, a 23 percent increase over the same period last year.
The company, which has a market cap of almost $14 billion, said that it was positioned to reach between $1....
Property data and analytics company CoreLogic said it is expanding its footprint in the insurance sector with the planned buyout of Symbililty Solutions Inc., a property insurance software maker.
Irvine, California-based CoreLogic (NYSE: CLGX) has agreed to buy the outstanding shares of Symbililty that it doesn’t already ow...
GFP Real Estate has signed an 11,940-square-foot lease with Knotel at its 80 8th Ave. in Manhattan’s Chelsea neighborhood. Shortly after opening a Lower Manhattan location, the flexible office space operator agreed to occupy space on the building’s fifth floor through October 2023, Yardi Matrix data shows.