Eight Must Reads for the CRE Industry Today (Feb. 1, 2021) Knotel filed for chapter 11 bankruptcy protection and will be taken over by Newmark Group, reports The Wall Street Journal. The WeWork meltdown will get turned into a prestige limited series by Apple with Jared Leto and Anne Hathaway starring, according to The Verge. These are among today’s must reads from around the commercial real estate industry.
Real-Estate Startup Knotel Files for Chapter 11 Bankruptcy “Real-estate startup Knotel Inc. filed for chapter 11 bankruptcy for its U.S. business on Saturday, agreeing for the company to be taken over by real-estate services firm Newmark Group Inc…. The moves are the latest sign that the Covid-19 pandemic has upended the once-booming co-working industry.” (