CommonGrounds Workspace, a San Diego-based coworking specialist, has secured $100M in Series A funding to support the company’s aggressive expansion.
Adam Neumann has bought properties and leased them to his co-working startup, sparking conflict of interest concerns.
The company, which will turn nine this year, hasn’t yet weathered a real economic downturn of the kind that economists are predicting for 2019 and 2020.
As a result of the new capital, WeWork’s investors will value the company at $47 billion, up from $42 billion pre-money.
As coworking activity continues to increase in the U.S., including doubling inventory in the past couple of years in major markets, industry experts and asset owners are beginning to study what the future holds for this fast-growing segment.
In 2018, WeWork arrived in eight more countries and 34 more cities and added 200 locations, which means it’s time to update your stats on the world’s largest co-working juggernaut.
One of the most successful tech incubators in New York City is growing its ambitions into the world of coworking and beyond.
Unlike so many modern coworking spaces that fill nondescript real estate, Boitsfort had some exceptional raw material to work with.
The onetime fashion designer took on a role as the coworking company's chief creative officer last year.
Coworking spaces are also becoming more appealing to large corporations for their location flexibility, affordability, and employee satisfaction.
WeWork announced the launch in August of HQ by WeWork, which is aimed at midsize businesses with between 11 and 250 employees looking for WeWork-managed spaces that are exclusive to their companies.
The swift growth of the sector has forced property owners to rethink the way they run their operations and made some anxious about the sector's vulnerability to a downturn.
WeWork announced securing an additional 190,000 square feet across seven locations in New York and San Francisco.
Coworking is moving from the likes of WeWork into the mainstream of global corporate culture, according to a new report by Knight Frank.
Over the next five years, corporate real estate professionals are set to dramatically increase their use of coworking spaces to house employees, according to a survey conducted at the CoreNet Global Summit in Boston.