New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Knotel, 42Floors Join Forces
Flexible office provider Knotel has acquired search engine 42Floors; terms were not disclosed. The deal will give Knotel access to data and technology on over 10 billion square feet of office space, while also accelerating its plans for a blockchain platform.
“42Floors built a powerful tool to organize a dark market that hasn’t changed in a hundred years,” says Amol Sarva, Knotel’s CEO. “You can buy a house faster than you can rent a floor. Partnering together will help give owners and customers what they both want: truth.”
Added 42Floors CEO Jason Freedman, “Renting an office shouldn’t be an archaeological expedition. With Knotel, we have a partner to take this to the next level with a blockchain platform, where all transactions will be recorded to the ledger in daylight.”
Since its founding in 2016, Knotel has inked more than one million square feet of office in New York, San Francisco, London and now Berlin, where it recently acquired Ahoy!Berlin.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition