"Riverwood co-founder Francisco Alvarez-Demalde told TechCrunch that Industrious grew 24x during the time his firm was an investor in the company. Riverwood first acquired a stake in the company in September 2016."
"Industrious had worked to move away from the more capital-intensive real estate leases for new locations to simply partnering with property managers to provide everything from lobby activation and service to office design, workplace services, etc."
"The deal is expected to close later this month. As part of the acquisition, CBRE said it will create a new business unit to combine its existing service offerings with Industrious's co-working capabilities."
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