Over the long-term coworking will still be around, says CEO Owen Thomas. "But in the short-term, it's challenged and clearly there is limited growth, probably contraction, among the co-working operators."
Unavailability of debt, inability to inspect properties and difficulty negotiating in a fully remote work environment are chief among these obstacles, according to a report by Avison Young.
Knock will use the new capital to continue growing its go-to-market and product teams while furthering its front office product roadmap, including a suite of productivity and business intelligence tools that are critical to improving occupancy and renewal rates.
ORIX Real Estate Capital named its new leader for senior housing and health care real estate financing at least in part because his experience will help its new lending initiatives in connection to the coronavirus pandemic.
While U.S. chair restaurant transactions is down for the last full week of April, compared with a year ago, the numbers are improving slightly from the prior week, even before states start to allow restaurant dining rooms to reopen.
Small and independent grocery stores are likely to lose market share to large national chains, such as Walmart and Amazon, as a result of the COVID-19…