Miguel McKelvey is leaving WeWork, the embattled office-sharing company he helped found in 2010. McKelvey was one of the few remaining executives at WeWork following its failed attempt to go public and ...
Flexible / Coworking Archives | Page 27 of 31 | CREtech
Flexible-office provider Knotel lost $223 million last year — even before coronavirus flipped the office market on its head. Company financials, obtained by Business Insider, reveal the startup lost $49 million during the first quarter, ending the period with $36 million in cash on hand. At the time, it reported total assets of $110 million, less than half its total liabilities of $238 million, ...
Hoteliers are seeing new demand — and revenue-generating opportunities — from remote workers who don’t necessarily want to work from home, and executives say this business might have staying power. Pre-pandemic, many hotels offered daytime rates for guestrooms and other services to corporate travelers seeking short-term stays — on flight layovers, for example. A somewhat new demand for tha...
Audrey Gelman, the co-founder of The Wing, resigned from her position as CEO on Thursday, as employees publicly voiced their anger with the company's "systemic" mistreatment of people of color and said must do more to fix the upper-class women’s co-working space. “The resignation of Audrey Gelman as CEO of the Wing is not enough. The systemic issues at The Wing extend beyond one individual," T...
Antsy city dwellers seeking to escape their Covid-19 refuges are road-tripping to nearby vacation rentals in surprisingly strong numbers, showing the first signs of life for an industry that essentially ground to a halt in March.
Sandeep Mathrani, the WeLive website and 110 Wall Street (Google Maps) WeWork is considering ditching its co-living business. The Sandee Mathrani-led firm is working with an adviser on options to hand over operations of its two communal living locations in New York City and outside...
WeWork’s Manchester and Birmingham landlords are considering whether to operate flexible workspace themselves or under management agreements, or to find new occupiers for WeWork hubs, as the global coworking giant reconsiders its property portfolio. The discussions, reported to be managed on behalf of WeWork by Knight Frank and JLL, are expected to conclude early next month. They will decide t...
More than 20 of the world’s largest co-working firms, suffering a threat to their business from the pandemic, have agreed to coordinate in a way that would have been unheard of before the crisis. The firms, which include Industrious and Convene in the U.S., JustCo of Singapore, and IWG PLC of the U.K., have formed a new umbrella organization known as the Workplace Operator Readiness Council.