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Inman Connect Saying it’s reached a “critical inflection point” as it lays the groundwork to go public and more than quadruple its workforce this year while expanding into new markets, Knock has hired a chief legal officer and promoted a key human resources executive to a newly created role. Based in New York, Knock partners with real estate brokers and agents to allow homeowners to make non-contingent offers to close on a new home before listing their existing residence. Knock Home Swap is currently available in 40 markets in 10 states, but the company which has raised $600 million and hired Goldman Sachs to help it prepare for a public offering this year plans to be in more than 100 markets by 2023. To accomplish that ambitious goal, Knock said it plans to hire close to 400 workers this year, boosting its headcount from 100 at the beginning of the year to nearly 500 by year-end. ....
Knock Bolsters Leadership Team With the Addition of Chief Legal Officer and Vice President, People Real Estate Technology Company Taps Former Alphabet Moonshot Company General Counsel and Elevates Head of Talent to Accelerate Growth News provided by Share this article Share this article NEW YORK, May 18, 2021 /PRNewswire/ Knock, the real estate technology startup that is bringing certainty, convenience and cost savings to buying and selling homes, announced today that it has hired Jennifer T. Miller, the former General Counsel, Head of Regulatory Affairs at Loon, the Alphabet moonshot company, as Chief Legal Officer and promoted Terra Casey Soloski to Vice President, People. Both are newly created roles that will help to accelerate the company s mission of empowering people to move freely by making it easy to buy their dream home before listing their old one. ....
Why rental arbitrage doesn’t work: Knotel vs. Industrious Knotel, once gleeful over WeWork’s downfall, succumbed to the pressure of rental arbitrage last week by (finally) filing for bankruptcy. In recent months, the startup led by CEO Amol Sarva faced mounting lawsuits alleging it stopped paying rent. In a Chapter 11 filing, the flex-office provider listed assets and liabilities between $1 billion to $10 billion. The bankruptcy filing includes $20 million in financing to aid with Knotel’s sale to Newmark Group a deal that implies there’s a future for flex-office, just not as Knotel had imagined. And then there’s Industrious. The Brookfield-backed startup, which signs management agreements with landlords, has 3 million square feet of space and plans to add another 1 million in 2021. It has opened three New York locations since the pandemic hit. ....