Coworking

WeWork has revealed that it has come to an agreement with SoftBank to extend its secured credit commitments of $1.75 billion from February 2023 to February 2024.

SomeraRoad, a commercial real estate investment and development firm, has completed transforming SouthSide Works Cinema into 77,000 square feet of office space.

BeerOrCoffee, a flexible office marketplace company, has raised $10 million in a Series A funding round, bringing its total amount raised to around $13 million.

Coworking and online learning brand, Talent Garden, is targeting growth with the acquisition of tech school, Hyper Island.

Flexible workspace operator Mindspace has raised $72 million that will be put towards its continued expansion around the world.

Granite Properties has unveiled its workspace concept Ready Collective in Houston, where it is taking up the eighth floor of the Two Eldridge building.

Hygge Coworking is seeing an uptick in memberships and revenue after the pandemic threatened its business, and CEO Garrett Tichy is optimistic about its future.

Industrious will take over a former WeWork space after it signed a new partnership agreement with The Sapir Organization at 261 Madison Avenue.

According to WeWork’s first quarterly report as a public company, the company’s third-quarter revenue was at $661 million, an improvement from the previous quarter.

Life Time Group Holdings has announced that it will open its first Life Time Work location in Chicago, marking its ninth coworking space in the country.