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Launched in November 2023, Clockwise Campus in the metaverse has been designed as the ultimate Clockwise building.
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The two companies are expanding their relationship to offer hybrid work options at locations nationwide.
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Many of the new tenants are competitors of WeWork.
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At many locations, WeWork managed to reduce its premises and rent.
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In this new work era, the word office has become more of a verb than a noun.
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The brokerage giant will pay roughly $400M to complete its acquisition of the coworking firm, which has more than 200 locations across 65 cities.
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The company said it will exit 150 global locations and keep at least 300 under existing or renegotiated lease terms.
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Office buildings don’t have to fade into obsolescenc, or be converted to alternative uses, according to Simon Moore, chief operating officer at Serendipity.
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An activist investor says the coworking landlord is undervalued and should take drastic action to improve.
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Read about the top transactions in Chicago commercial real estate this week.
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