CBRE is increasing its investment in Industrious by an additional $100 million.
The commercial real estate firm announced Wednesday that it was substantially upping its investment in the Union Square-based flexible workspace provider, which now totals $330 million. CBRE’s latest investment aims to help Industrious speed up its international expansion. This kicked off in earnest earlier in May, when Industrious announced it had acquired flexible workspace firms The Great Room and Welkin & Meraki, giving it more than 350,000 square feet of space in Singapore, Hong Kong, Bangkok, Paris, Brussels and Eindhoven.
CBRE invested about $230 million in Industrious in late 2020 and early 2021. The bulk of this came
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