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Pace University Announces the Barry M and Jackie Gosin Center for Equity and Inclusion

Pace University Announces the Barry M. and Jackie Gosin Center for Equity and Inclusion Share Article Pace University today announced the establishment of the Barry M. and Jackie Gosin Center for Equity and Inclusion. This new center, established via a donation from the Gosins, supports ongoing efforts at Pace in anti-racism and equity, expands work to elevate job placement and entrepreneurship among Black, Indigenous, and people of color (BIPOC) students, and enhances academic scholarship in these areas. The Barry M. and Jackie Gosin Center for Equity and Inclusion launches with the overarching goal of increasing opportunities for underrepresented groups and fostering their success during the job placement process and throughout their careers.

Newmark to Acquire Assets of Knotel

Newmark to Acquire Assets of Knotel Newmark Group, Inc. (Nasdaq: NMRK) ( Newmark ) today agreed to provide debtor-in-possession ( DIP ) financing to Knotel, Inc. ( Knotel ) and acquire Knotel s business through its Chapter 11 sales process. We look forward to supporting Knotel through this difficult period, said Newmark Chief Executive Officer Barry Gosin. We are providing capital to Knotel so it can right-size its business for the path forward. Newmark s commitment offers a path forward amidst this challenging climate, said Knotel Co-Founder and Chief Executive Officer Amol Sarva. We are optimistic that, through a successful restructuring, we can refocus on our mission of providing state-of-the-art, tailored flex space in key U.S. and international markets. We have engaged Hilco Real Estate, a real estate restructuring specialist, to assist Knotel.

Knotel files for Chapter 11 bankruptcy, plans to be acquired by Newmark - San Francisco Business Times

Knotel files for Chapter 11 bankruptcy, plans to be acquired by Newmark - San Francisco Business Times
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Newmark to buy Knotel as flex office co looks to figure out a way back

Knotel has announced plans to accelerate its transformation into a more capital efficient business and reorganize its operations and capital structure under new ownership. As part of its strategic path forward, Knotel has reached an agreement to sell the business to an affiliate of Newmark Group, Inc., the commercial real estate firm. The Company has also made the decision to exit multiple locations in the U.S. as part of the process. To accomplish the sale of the business and a reorganization of the Company’s U.S. footprint in the most efficient manner, Knotel and its U.S. subsidiaries have filed voluntary petitions for relief under Chapter 11 of

Knotel Files For Bankruptcy, To Be Taken Over By Newmark

Knotel Files For Bankruptcy, To Be Taken Over By Newmark Knotel CEO Amol Sarva Knotel, which leveraged the craze for coworking to reach unicorn status just 18 months ago, has filed for bankruptcy. The New York-based startup said it will be taken over by Newmark, with the real estate firm providing $20M in debtor-in-possession financing to allow Knotel to keep running through the bankruptcy proceedings, per a statement. “The pandemic created a uniquely challenging operating environment, with significant impacts on leasing velocity and the rate of renewals in key markets, particularly New York and San Francisco,” co-founder Amol Sarva said in a release Sunday. “We must address this now to position our business for sustainable growth and a successful future.”

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