In a $9.5B deal, the Japanese conglomerate took an over 80% ownership stake and provided WeWork $5B in new financing, including a $1.5B wire transfer last week to ensure it had enough cash to maintain its operations. New York-based Knotel has nearly 800,000 sq ft of office space that is either vacant or will be within the next six months. This amounts to about a third of its total New York City portfolio, according to a report in Crain’s New York Business. The company said it was “actively seeking new tenants for our existing offices” and would continue to do so as long as there were enough available spaces.
New York-based Knotel has nearly 800,000 sq ft of office space that is either vacant or will be within the next six months. This amounts to about a third of its total New York City portfolio, according to a report in Crain’s New York Business. The company said it was “actively seeking new tenants for our existing offices” and would continue to do so as long as there were enough available spaces.