CBRE (NYSE:CBRE) is transitioning from a shareholder to a direct owner of Industrious, a coworking firm known for its rapid expansion. The agreement entails a substantial investment of approximately $400 million to acquire the remaining equity in Industrious. This strategic move is set to finalize shortly, with CBRE planning a new business line to supportContinue reading “CBRE Acquires Industrious Coworking to Enhance Flexible Workspace Offerings”
Tag Archives: Office
Life Time Fitness Ventures Into Coworking Office Space with “Life Time Work”
JDS Development Group and Life Time Group Holdings, Inc, may be ushering in a new future for office spaces in the “post-COVID” world. The wellness chain Life Time has struck a deal with JDS Development to bring Life Time and Life Time Work coworking spaces to Downtown Brooklyn’s Brooklyn Tower. The deal brings a fewContinue reading “Life Time Fitness Ventures Into Coworking Office Space with “Life Time Work””
Private Equity Giant Blackstone Acquires Industrial REIT PS Business Parks
The number of major players in the industrial real estate world just got a little smaller. Private equity giant Blackstone just announced plans to buy commercial real estate REIT PS Business Parks Inc. in a cash deal totaling $7.6 billion. The agreed upon price is roughly a 15% premium over PS Business Parks’ average shareContinue reading “Private Equity Giant Blackstone Acquires Industrial REIT PS Business Parks”