Knotel CEO says flex-office provider has new funding: report

first_imgShare via Shortlink Photo illustration of Knotel CEO Amol Sarva (Sarva by Sasha Maslov; iStock)As Knotel battles lawsuits from landlords, evictions and accusations of unpaid rent, its CEO says the flex-office provider has secured new funding.Knotel CEO Amol Sarva reportedly told staff on Monday that the company has gotten a fresh influx of cash, according to Business Insider, citing a source with knowledge of the all-hands meeting.Sarva did not disclose the amount of money raised or details about who was involved, although a source told the publication that it is a restructuring type of deal that includes equity and debt.Earlier this summer, Sarva said he had raised $10 million and wanted to raise $100 million by the end of August. Forbes reported that the new funding could cut the company’s valuation in half.In August 2019 the company said it raised $400 million through a Series C raise, which gave Knotel a valuation of at least $1.3 billion. Investors included Mori Trust, Itochu Corp, and Mercuria Investment Co, along with Newmark Knight Frank, Norwest Venture Partners, and the Sapir Organization, which is led by Alex Sapir.This year, Knotel has suffered along with other co-working companies as demand for office space has lagged during the pandemic. The company has been hit with a dozens of lawsuits over the past few months from landlords who claim they have not been paid, as well as eviction notices at two of its spaces.Knotel has also been scaling back its once-ambitious expansion plans and in November said it was looking to trim 60 percent of its 4.8 million-square-foot global portfolio. It has also cut staff several times over the course of the pandemic.[Business Insider] — Keith Larsen Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlinkcenter_img TagsCommercial Real EstateKnoteloffice marketReal Estate Lawsuitslast_img read more

WATCH: How the eviction ban is affecting landlords, renters

first_img Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Tags New York’s eviction moratorium has saved some from ruin, but threatens to cause it for others.The moratorium, which has stretched on for 13 months, isn’t the only of its kind: The Centers for Disease Control and Prevention announced its own national eviction moratorium last September which, like New York’s, has been repeatedly extended. And the state moratorium’s most recent expiration date was May 1, but this week lawmakers voted to extend it to Aug. 31.The moratoriums have been a point of contention. Some tenant advocates say that while the ban on evictions is needed, rental aid doesn’t go far enough. Meanwhile, some landlords have been vocal in their opposition to the state and federal moratoriums. Some say their tenants have taken advantage of the system, while smaller landlords say nonpayment from tenants has made it difficult to meet mortgage payments.In a recent video series, The Real Deal looked at what the moratorium has meant for both sides.While property owners dispute it and even question its constitutionality, tenant advocates and researchers said that CDC’s moratorium is necessary during a pandemic. From the risk of coronavirus spread among unhoused people to the impossibility of navigating the housing court system during a lockdown, lawyers, epidemiologists and advocates found that the moratoriums were not only helpful but life-saving.The CDC’s moratorium is set to expire June 30. While states with their own eviction moratoriums in place may have differing deadlines, landlords and tenants alike are wondering what’s next. CoronavirusEvictionslandlordsPoliticsVideo Share via Shortlinklast_img read more

Sacramento State rides early lead past Southern Utah, 70-55

first_img Tags: Big Sky/Sacramento State Hornets/SUU Thunderbirds Basketball FacebookTwitterLinkedInEmailSACRAMENTO, Calif. (AP) — Izayah Mariohooho-Le’ afa scored 21 points and dealt five assists as Sacramento State knocked off Southern Utah, 70-55.The Hornets built a 12-point halftime advantage while holding the visiting Thunderbirds to just 15 made field goals in 47 attempts (31.9%). Associated Press Written by February 13, 2020 /Sports News – Local Sacramento State rides early lead past Southern Utah, 70-55last_img read more

Rising star of lettings industry makes his next move

first_imgA former Foxtons negotiator who returned to his home country of Scotland to work his way up the career ladder has taken over the lettings business of his family’s firm.Riccardo Giovanacci (above, left) now lists himself as Managing Director and owner of Newton Lettings based in Glasgow and says he wants to expand the brand across Scotland. This includes plans to open an office in Edinburgh and to use technology to increase its potential customer base.“There is a vibrant market out there for rented property and I see that only increasing in the future,” he says. “We want to have our new Edinburgh office up and running within the next two years.”Newton Lettings is trading with the agreement of its parent company Newton Property Management, which has sold its 500-property portfolio, which includes some 350 landlords, to Mr Giovanacci’s venture.Family affairNewton Property Management was established by William (above, middle), who is no longer a director, and Stephen O’Neil (above, right) in 2001 and offers both property management (or factoring) and lettings services from three branches run by over 20 staff.Stephen O’Neil is Giovanacci’s uncle and before going to London his young family protégé worked at the company, as do several other members of the O’Neil clan.“When Riccardo returned to Newton, it was clear he was very talented and ambitious,” says O’Neil.“This led to a conversation on his acquisition of the lettings business. I am very pleased that we have concluded the transaction and that the company, its employees and clients are now under his highly capable management.”Glasgow newton lettings Riccardo Giovanacci April 26, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Rising star of lettings industry makes his next move previous nextAgencies & PeopleRising star of lettings industry makes his next moveAfter a spell working outside his family’s property empire, Riccardo Giovanacci has been given its lettings business and hopes to grow it ‘across Scotland’.Nigel Lewis26th April 201901,127 Viewslast_img read more

University delays foundation year rollout

first_img“Now in its second year, we have just made 167 Opportunity Oxford offers to students and the University remains on track to meet its targets for admitting students from more disadvantaged backgrounds. We are increasing the academic support we provide to students impacted by the pandemic, which has highlighted educational inequalities. We are also continuing the development work on the Foundation Oxford course and will announce more details in due course. Alan Rusbridger, Principal of LMH said to Cherwell: “We’re naturally disappointed that the start of Foundation Oxford has slipped a year. This programme builds on the pioneering work at LMH, which itself is based on 20 years of experience at Trinity College Dublin.  Image Credit: Herbi1922/CC BY-SA 4.0 Oxford University has delayed the implementation of “Foundation Oxford”, which will offer students with high academic potential a place on a one-year pre-degree course. This initiative is based on the Foundation Year programme that has already been in place at Lady Margaret Hall since 2016. The University announced this delay at the end of January. 07/03/21, 11:56 – this article was edited to include a comment from the University. The University announced its plans to launch “Foundation Oxford” in 2019, with the timeline for the uni-wide foundation year to be in place by 2022. However, Oxford University has since said this will be delayed until 2023. A spokesperson for the University told Cherwell: “In light of the impact of the COVID-19 pandemic, the University has taken the difficult decision that the first year of its Foundation Oxford access scheme will be 2023, rather than 2022 as originally planned. Foundation Oxford remains a keystone of our ambitions to admit more state school students from underrepresented backgrounds, along with the successfully launched Opportunity Oxford bridging scheme. David Lammy, the MP who has been a prominent critic of Oxbridge admissions for disadvantaged and minority ethnic students, said the new foundation year was “a major step forward.” He went on to further state “These changes continue to allow Oxford’s 38 autonomous colleges enormous discretion over how seriously to take access. For true systemic change to be achieved, admissions should be centralised and contextual data should be used at every stage in the admissions process.” “Opportunity Oxford builds on the success of a bridging programme at University College, while Foundation Oxford has grown out of a five-year pioneering trial at Lady Margaret Hall (LMH). Nearly 50 students from under-represented backgrounds have been admitted for the LMH Foundation Year. The very first student to graduate from the scheme last year obtained a first-class honours degree in music. We hope that the Lady Margaret Hall programme may be extended for a further year to continue to develop learning and to share experience before the launch of the University-wide programme.” This programme was announced alongside the other access initiative Opportunity Oxford that helps to prepare talented UK offer holders from under-represented backgrounds for successful student careers at our university: “Under the programme, selected Oxford offer-holders participate in an academic bridging programme which supports them in their transition from school or college to our university.” Cambridge University also announced a new foundation year program for students, with up to 50 Foundation Year students to arrive in the programme’s first intake in October 2022.  The initial announcement stated this programme “will be offered to state school students from less advantaged areas and who have also experienced personnel disadvantage or a severely disrupted education. Eligible students could include refugees, children in care or those who are themselves carers or estranged from their families… Those who pass the course will then progress to undergraduate study at Oxford.” Once the initiative is up and running, it is expected that the programme will support up to 50 students every year across selected subjects.  It’s heartening that Cambridge University will launch its own Foundation year scheme in 2022 and we have given them all the help we can. We are also reassured by Oxford’s promise that it is still determined to launch Foundation Oxford in 2023. We are currently recruiting a 6th cohort for the continuing LMH programme – and very much hope to continue our own scheme through to 2023.”last_img read more

Governor Mike Pence Directs Flags Be Flown at Half-Staff Statewide to Honor Law Enforcement…

first_imgFacebookTwitterCopy LinkEmailShare Indianapolis – In accordance with a presidential proclamation issued this afternoon, Governor Mike Pence today directed flags at state facilities statewide be flown at half-staff beginning immediately to honor the service and sacrifice of the five law enforcement officers killed in the horrific ambush in Dallas, Texas Thursday night. Flags should be flown at half-staff beginning immediately until sunset on Tuesday, July 12. Governor Pence asks businesses and residents to lower their flags to half-staff to honor the service and sacrifice of these five law enforcement officers.Earlier today, Governor Pence issued a statement in response to the shootings of 12 police officers in Dallas, Texas, which left five officers dead and others wounded.Indianapolis – In accordance with a presidential proclamation issued this afternoon, Governor Mike Pence today directed flags at state facilities statewide be flown at half-staff beginning immediately to honor the service and sacrifice of the five law enforcement officers killed in the horrific ambush in Dallas, Texas Thursday night. Flags should be flown at half-staff beginning immediately until sunset on Tuesday, July 12. Governor Pence asks businesses and residents to lower their flags to half-staff to honor the service and sacrifice of these five law enforcement officers.Earlier today, Governor Pence issued a statement in response to the shootings of 12 police officers in Dallas, Texas, which left five officers dead and others wounded.last_img read more

Money help could be coming for struggling South Bend restaurants

first_img WhatsApp Facebook By Tommie Lee – January 27, 2021 0 245 Struggling South Bend eateries could receive grants of up to $2,000 each soon.WSBT reports that the money would come from half a million dollars that was approved by the common council last month, and would be divided by the 250 restaurants licensed by the city.The city had access to the extra funds, which could be released as early as Friday, because it spent its CARES Act money on police and fire payroll. Twitter Previous articleCass Co. Sheriff’s investigating hit-and-run collisionNext articleCici’s Pizza files for bankruptcy Tommie Lee Google+ Pinterest WhatsApp Facebook IndianaLocalNewsSouth Bend Market Pinterest Google+ Money help could be coming for struggling South Bend restaurants Twitterlast_img read more

Time to Heal dinner celebrates Relationship Violence Awareness Month

first_imgOne in three adult women and one in six adult men report having experienced some form of violence from an intimate partner in their lifetime, Elisabeth Vasko, associate professor of theology at Duquesne University, said in her keynote address for the Time to Heal dinner. Intimate relationship violence can happen to anyone, no matter age, background, race, orientation or gender, Vasko said,.“How can we keep letting this happen in our communities?” Vasko asked at the second annual dinner.In support of the survivors in the Notre Dame, Holy Cross and Saint Mary’s community, students, faculty, staff and community members convened Wednesday in the Dahnke Ballroom to commemorate Relationship Violence Awareness month.The dinner, coordinated by the Gender Relations Center (GRC), serves as an opportunity to show support for people who have been affected by power-based personal violence, John Johnstin, assistant director for outreach, student leadership and assessment at the GRC said.Mannequins in a black dress, Notre Dame athletic apparel and jeans and a tie-dye t-shirt, among other outfits, were accompanied by plaques with the words of survivors as part of the “What Were You Wearing?” survivor art installation. Mary Wyandt-Hiebert of the University of Arkansas and Jen Brockman of the University of Kansas created the installation in 2013 based Mary Simmerling’s poem “What I Was Wearing.” Brockman and Wyandt-Hierbert interviewed survivors, asked them what they were wearing when they were assaulted and recreated what the survivors described.The installation travels the world, using the same quotes from survivors but allowing institutions to take their own donations for clothing, Johnstin said.“Each [display piece] is different but courageously offers insight to how we both individually and collectively can become beacons of hope and compassion.” Christine Gebhardt, director of the GRC, said. “Our call is to carry these stories with them. By sharing stories and being present we send a message that when one of us is harmed, we all are impacted.”Vasko recently published “Beyond Apathy: A Theology for Bystanders.” Throughout her presentation, Vasko stressed the importance of asking uncomfortable questions in creating change.“Intimate partner violence can take many different forms,” she said. “Irrespective of the circumstances, healing is hard. Despite our best intentions, as communities, we continue to miss this point.”Intimate partner violence takes place when a person believes they are “entitled to control their partner,” Vasko said. This may mean a partner is isolated from friends and family, controlled financially, blamed for violent behavior or experiences physical or sexual violence. The statistical likelihood of intimate partner violence can vary by a person’s gender, ethnicity, orientation and ability. As a society, we are taught to accept sexual violence through everyday materials from Disney movies to ad campaigns, which makes it difficult to recognize intimate partner violence, she said.“Boys will be taught that a certain amount of threat is an acceptable expression of masculinity,” Vasko said.To enact social change, Vasko said, one must learn to critique such norms of society. She endorsed adopting an intersectional approach to violence intervention by taking race and sexuality, gender, orientation and class into consideration, and including people of color and the LGBTQ community in the conversation. Societal change won’t come quickly or easily, she said, and it is imperative that those seeking change stay in the conversation for a long-term solution rather than a quick fix.“Because this kind of violence that you’re talking about this month is so hidden, you have to reorganize your time to be able to notice it,” Vasko said. “ … Compassion takes time.”The final event for Relationship Violence Awareness month is the Fall Festival, which will take place on Oct. 30 from 2-4 p.m. on Fieldhouse Mall.Tags: Gender Relations Center, Relationship Violence Awareness Month, time to heal dinnerlast_img read more

Blue Ridge Outdoors Presents: The Second Annual Bluegrass, Bikes & Beer Tour with Travis Book

first_imgTravis Book is best known for his role as singer and bass player for in the Grammy-nominated bluegrass outfit the Infamous Stringdusters.He’s also a hell of a solo artist and loves to shred some singeltrack when he can find time between nationwide touring gigs with the aforementioned Dusters.For the second year in a row, Book is combining his passion for solo performance with his love for mountain biking by hosting a 6-show tour at breweries scattered throughout  the Blue Ridge Mountains of Western North Carolina and Virginia.“I got inspired to put Bluegrass, Bikes & Beers together because I love music, and riding bikes and drinking beer,” Book said in a recent interview with our sister publication Elevation Outdoors Magazine.For Book it’s not just about enjoying local trails, sampling area brews, and putting on a killer bluegrass show. He’s also using the Bluegrass, Bikes & Beers tour as a way to raise funds for trail maintenance and local trail building efforts.“We do a group ride during the day and then we play bluegrass and serve beer at a free event that night to help raise money for local bike clubs,” he said.If you live in the Blue Ridge region, chances are Book will be coming to a brewery near year in the next couple of months. Check out venues and dates below:April 22, Harrisonburg, VAPale Fire BrewingBenefiting Shenandoah Valley Bicycle Coalition (SVBC)4pm: Group Mountain Bike ride leaves from Pale Fire7pm: Music from Travis Book and The Hot SeatsApril 23, Roseland, VADevils Backbone Basecamp Brewpub and MeadowsBenefiting the Charlottesville Area Mountain Bike Coalition (CAMBC)10am: Group Mountain Bike ride leaves from Sherando Lake (parking lot at gate)12pm: Group Mountain Bike ride leaves from Devils Backbone2pm: Music from Travis Book and The Hot Seats6pm: Group Mountain Bike ride leaves from Devils BackboneApril 24, Roanoke, VASoaring Ridge Craft BrewersBenefiting the Roanoke Area chapter of IMBA (RIMBA)2pm: Group Mountain Bike ride on Mill Mountain Trails leaves from SRCB4pm: Music from Travis Book and The Hot SeatsMay 13, Brevard, NCOskar Blues WNCBenefiting The Pisgah Conservancy3pm: Group Mountain Bike ride OR trail run in Pisgah National Forest(leaving from Oskar Blues Brewery)5:30: Music from Travis Book and The Fireside CollectiveMay 15, Shelby, NCNewgrass Brewing CompanyBenefiting the Cleveland County/City of Shelby Rail-to-Trail project2pm: Urban Group Ride leaves from Newgrass Brewing5pm: Music From Travis Book and The Mark Schimick and Josh Daniel ProjectJune 4, Black Mountain, NCPisgah Brewing CompanyBenefiting Pisgah SORBA1pm: Group Mountain Bike Ride from Pisgah Brewing4pm: Happy Hour Music with Travis Book and guests7pm: Keller Williams, The Infamous Stringdusters, and Grateful GrassThe Bluegrass, Bikes, and Beers your is brought to you byIceMule Coolers, KEEN, Klean Kanteen, Osprey Packs, and Yakima. Click here for more info. BBB_Fulllast_img read more