WeWork, the fast-growing provider of co-sharing work spaces, has acquired Case, the New York-based building information modeling consultant.
The acquisition of comes a few months after WeWork, in June, announced that it had raised $400 million from investors, bringing its total funding to nearly $1 billion.
David Fano, one of Case’s three cofounders, explained that as part of WeWork, his firm’s design teams will be thinking more about “process improvements” and how it can take efficient space design, construction, and management to the next level. “We were really excited about being on the decision-making side … and having a direct hand in designing the construction we are going to do,” Fano told the Commercial Observer.
Fano says more than 90% of Case’s 63-person workforce is joining WeWork, and that his company will now work exclusively for its owner. He adds that the combination should help WeWork standardize the means by which it designs its properties.
Started less than five years ago, WeWork’s valuation is now somewhere between $5 billion and $10 billion. The company has more than 30,000 customers in 11 U.S. cities, and more than 1 million sf of shared office space in New York City alone. In the first half of 2015, WeWork was Manhattan’s most active tenant, according to The Real Deal.
Over the last 36 months, WeWork has grown to 70 employees from eight. A few months ago, Roni Bahir, its Executive Vice president of Strategic Development and Special Projects, said the company intends to open between 40 and 50 locations by June 2016, and add at least 50 million sq of space within the next five years. WeWork has been one of Case’s “owner” clients for the past three years.
When Case launched in 2008, it was operating out of one of WeWork’s spaces, and the two companies have since been linked at the hip as WeWork has expanded. The terms of the acquisition were not disclosed, but both Case and WeWork have moved into permanent headquarters at 115 West 18th Street in New York’s Chelsea neighborhood.
Related Stories
| Aug 11, 2010
HGA creates greener outlook with print systems from Océ
Since its founding in 1953, HGA Architects and Engineers (HGA), a full service integrated architectural and engineering firm, has operated with an unwavering belief that good design is sustainable. HGA takes its environmental responsibility seriously, both in the buildings the firm designs, its internal operations and its vendor partnerships. Therefore, when HGA decided to investigate new options for its printing and scanning needs, the firm wanted a vendor who shared its values.
| Aug 11, 2010
ACSA announces 2008-2009 ACSA/AISC steel design student competition winners
The Association of Collegiate Schools of Architecture (ACSA) is pleased to announce the winners of the ninth annual steel design student competition for the 2008-2009 academic year. Administered by the Association of Collegiate Schools of Architecture (ACSA) and sponsored by the American Institute of Steel Construction (AISC), the program challenged students, working individually or in teams, to explore a variety of design issues related to the use of steel in design and construction.
| Aug 11, 2010
iSqFt acquires technology and key assets of Plan Express Inc.
Today iSqFt, the nation’s leading online preconstruction network, announced it has purchased the technology and key assets of Plan Express, Inc., a partner document-sharing network.
| Aug 11, 2010
Autodesk 2010 Certification Now Available for Design Professionals
Autodesk, Inc., (Nasdaq: ADSK), today announced that design and engineering professionals can become Autodesk Certified in AutoCAD 2010, Autodesk Inventor 2010, Autodesk Revit Architecture 2010, and AutoCAD Civil 3D 2010 software. Becoming Autodesk Certified allows professionals, and companies boasting Autodesk Certified employees, to validate their industry skills and knowledge, demonstrate expertise and gain credibility.
| Aug 11, 2010
Jacobs, CH2M Hill, AECOM top BD+C's ranking of the 75 largest federal government design firms
A ranking of the Top 75 Federal Government Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
AGC: Construction unemployment reaches 19.2%
Unemployment in the construction sector climbed to a “horrendous” 19.2 percent (not-seasonally adjusted) as an additional 59,000 construction workers lost their jobs in May according to new federal data, said construction economist Ken Simonson today.
| Aug 11, 2010
Gensler, HOK, HDR among the nation's leading reconstruction design firms, according to BD+C's Giants 300 report
A ranking of the Top 100 Reconstruction Design Firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Gensler, Arup, HOK among the largest office sector design firms
A ranking of the Top 100 Office Design firms based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
Construction Specifications Institute to end support of MasterFormat 95 on December 31, 2009
The Construction Specifications Institute (CSI) announced that the organization will cease to license and support MasterFormat 95 as of December 31, 2009. The CSI Board of Directors voted to stop licensing and supporting MasterFormat 95 during its June 16, 2009, meeting at the CSI Annual Convention in Indianapolis.
| Aug 11, 2010
Gensler among eight teams named finalists in 'classroom of the future' design competition
Eight teams were recognized today as finalists of the 2009 Open Architecture Challenge: Classroom. Finalists submitted designs ranging from an outdoor classroom for children in inner-city Chicago, learning spaces for the children of salt pan workers in India, safe spaces for youth in Bogota, Colombia and a bamboo classroom in the Himalayan mountains.
