Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
The continuing story of WeWork
Adam Neumann, CEO of The We Company, is facing backlash as he continues to personally buy buildings that are leased to WeWork.
The first of these dealings took place last March when Neumann partnered with designer Elie Tahari to buy a stake in 88 University Place, then leasing it to the coworking operator.
These dealings are making Neumann millions as he continues to expand the investments, including multiple properties in San Jose, California where WeWork has plans for a new campus.
WeWork defended the deals, stating that the investments were approved by the board and an independent committee, but investors have expressed some concerns.
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Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.
Coworking has expanded into many major markets of the nation over the past few years, but some firms are finding their client base to be working moms in the suburbs.
Howard Hughes, the development team behind Chicago’s Bank of America Tower, announced that luxury coworking brand No18 will take up two floors in the 55-story building.
WeWork has officially become one of Seattle’s largest office space occupiers, along with Amazon and Microsoft, and has a total footprint of about 1.7 million square feet.