CBRE buys remainder of co-working company Industrious

CBRE buys remainder of co-working company Industrious at an $800M valuation
Real estate giant CBRE announced Tuesday that it is acquiring the rest of co-working startup Industrious, in which it already had a sizable
CBRE to acquire Industrious in $800M deal
Dallas-based commercial real estate firm CBRE Group Inc. (NYSE: CBRE) said Tuesday it will acquire New York-based coworking company Industrious National Management Company LLC.
CBRE snaps up remainder of flex-office firm Industrious
CBRE’s initial investment in co-working company Industrious several years ago has led the commercial real estate services firm to acquire the rest of the company.
CBRE Buys Full Stake in Industrious at $800M Valuation
Before acquiring 100 percent control, CBRE owned 40 percent of Industrious and a $100 million convertible note. Now, the Dallas-based firm is acquiring the remaining 60 percent for roughly $400 million, bringing the implied enterprise valuation of Industrious to about $800 million.
CBRE to buy coworking firm Industrious at $800M valuation
The commercial real estate giant has agreed to buy Industrious in a deal that values the coworking firm at about $800 million.
CBRE To Acquire Industrious At $800M Valuation
The brokerage giant will pay roughly $400M to complete its acquisition of the coworking firm, which has more than 200 locations across 65 cities.
CBRE acquires Industrious in big play for coworking space
Real estate services firm CBRE has taken control of coworking firm Industrious — a bet on shared working space as more employees return to the office. The Dallas-based property giant said Tuesday that it would spend $400 million to acquire the remaining 60% stake it didn’t own in Industrious.
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