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May 18, 2022

'Scale Is Huge': Hybrid Work Adoption Driving Rush Of Coworking Consolidation

Agenda Announced: Mayoral Roundtable & Ownership And Development In North Perimeter June 16

The global coworking and flexible office industry is maturing into its next phase as it becomes an entrenched component of the hybrid work model being embraced by corporate America, and that means consolidation.

The largest players in the industry, like WeWork and Industrious, have made several acquisitions this year and are primed to do more, while some smaller operators have merged in an effort to match their scale to the demand of large users.

'Scale Is Huge': Hybrid Work Adoption Driving Rush Of Coworking Consolidation

“If you're trying to get corporate accounts ... then scale is huge. That is the bread and butter,” said Flip Howard, the founder and CEO of WorkSuites, which has more than 20 locations in Texas and is expanding to Atlanta. “It's going…

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Microsoft Building 'Revolutionary' Real Estate Listings Platform In China, According To Job Postings

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Microsoft appears to be venturing directly into real estate listings in the world's most populous country.The global tech giant is looking to hire numerous software engineers and managers for a team called Bing Rentals in Suzhou, a city of more than 10 million residents in the Jiangsu province, for a product…

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Proptech Data Firms Race To Scale Up Amid Tech Turmoil, Looming SEC Rule

 

A confluence of factors has supercharged interest in the technology of monitoring, tracking and reducing building emissions, especially the expansion of ESG investment

With additional pressure coming from the recently proposed Securities and Exchange Commission green disclosure ruling around reporting emissions, as well as an increasing array of local regulations, these tech platforms are becoming increasingly central to meeting regulatory requirements and making investment decisions.

“It’s a rise of data as an asset of the business and the commingling of data across the enterprise to generate proprietary insights,” said Measurabl CEO Matt Ellis, whose firm offers the most widely adopted ESG monitoring software for CRE.

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Fort Belvoir Families File Class-Action Suit Over ‘Horrific' Conditions In Private Military Housing

When Raven Roman moved to Fort Belvoir, Virginia, with her husband, Jorge, an officer who has served in the U.S. Army for more than 18 years, she expected the house they rented from The Michaels Organization to be safe and updated.

Instead, when she moved her three young children into the house at 5200 Stable Court, which Michaels manages as a private military housing contractor on the 8,700-acre Army base, carpenter ants had moved in first, entering the home from multiple points. Slugs started to appear under the kitchen sink, and the carpet she was told was freshly installed sported thumbtacks, rusty nails and ramen noodles, she said.

In the months after Roman moved into the house in May 2018, she and her daughters, ages 12, 4 and 1 at the time, began experiencing a variety of health issues related to mold contamination, including rashes, coughs and fatigue, she said. The problem got so bad that months later, when Jorge Roman was called off-base, Raven checked her family into a hotel nearby and requested to be moved out of the home.

“I felt homeless. My family was homeless at that point,” Roman told Bisnow. “How could any military family get to a point where they are in that position?”

After bouncing around houses near Fort Belvoir, pleading with Michaels for repairs and remediation and asking officials on the base for help, Roman filed a lawsuit on March 16 of this year, alleging the owner and manager of thousands of housing units on the base allowed safety hazards and other substandard conditions to persist for years. 

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