Written by Laurent Dhollande, CEO 1) PAC is profitable and has been for over 16 years Not many operators can say that they successfully weathered two recessions, while staying cash flow positive. PAC can. This is in part because many operators were founded after the last Great Recession. What will happen when the economy [...]
Written by Laurent Dhollande, CEO Photo credit: Handout WeWork’s bad press since their IPO fiasco is raising new questions for commercial office asset owners & managers: Is the WeWork story symptomatic of the Coworking industry? Should I take a pause before pursuing a coworking operator to move into my building? Is coworking [...]
FOR IMMEDIATE RELEASE January 7, 2020 – Pacific Workplaces is set to open its newest location in Roseville, California. As the largest city in Placer County, Roseville adjoins the Sacramento metropolitan area. This flexible office location will be known as ‘Pacific Workplaces Roseville.' Pacific Workplaces Roseville is located in the Douglas Corporate Center on [...]
This article explores the after-effects of WeWork’s colossal pre-IPO collapse and its impact on landlords, investors, coworking operators, and WeWork SMBs and Enterprise members. The 2019 collapse of WeWork has been well documented. The reader can go to the end of the article for a summary of the chronology of events and key metrics. Impact [...]
FOR IMMEDIATE RELEASE December 19, 2019 – Coworking space provider Pacific Workplaces (PAC) expands its Northern California portfolio with its opening of a new 10,200 square-foot flexible office space location in Arden-Arcade at 3626 Fair Oaks Boulevard, Sacramento, California. The location will be known as ‘Pacific Workplaces Watt.' The San Francisco based shared office [...]
FOR IMMEDIATE RELEASE September 6, 2019 - Pacific Workplaces (PAC) announced today that it is opening a new flexible office space location in Larkspur, California. The location will be known as ‘Pacific Workplaces Marin.' “Our members have been asking us to open a coworking location in Marin County for a long time,” says Pacific [...]
At Pacific Workplaces (Pac) transparency is a religion. We believe that everything we do can be shared, analyzed, benchmarked. There is no taboo, no forbidden domain. Nothing that can’t be explained. That principle applies to internal and external communications. It is a philosophical cornerstone of our company. A principle that helps us be thoughtful [...]
FOR IMMEDIATE RELEASE July 18, 2017- Santa Cruz, CA: Pacific Workplaces announced today that it has acquired various assets from NextSpace Coworking and Innovation Inc, including the NextSpace Brand and Website, and that it is taking over the management of several NextSpace coworking places, including the NextSpace flagship and historical location in [...]
Personnel Today and Computer Weekly reported that Tim Ringo, head of IBM Human Capital Management, said that IBM could reduce its workforce by 299,000 down to 100,000 by 2017. IBM would then rehire the workers, on an as-needed basis, as contractors for specific projects and use “crowdsourcing” as a vehicle [...]
Local budget shortfalls are driving city governments to take desperate steps with significant implications on commercial real estate values. Despair can sometimes take unexpected forms. On one hand, conservative cities in Texas are raising taxes, while San Francisco is rumored to be slashing its welfare budget. The end of the [...]
