The WeWork founder quietly scooped up $1 billion worth of apartment buildings near the peak of the multifamily housing market. His first building is now in lease-up. Here’s what we know. Continue reading
Rather than a demise of coworking spaces, experts say WeWork’s collapse presents a silver lining for other coworking companies and landlords facing higher vacancies. Continue reading
The company filed for Chapter 11 bankruptcy in New Jersey as part of a “comprehensive reorganization” of the office space leasing giant. Continue reading
The company that once embodied the future of the workplace, which at its peak was valued at $47 billion, is reportedly considering filing a chapter 11 petition in New Jersey. Continue reading
Fitch downgraded the commercial real estate firm from a CC to a C, meaning a default or “default-like” process has already begun. Continue reading
The struggling commercial real estate startup said that its leasing costs remain too high and it will look to exit underperforming locations. Continue reading
By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital through debt or eq… Continue reading
After only three years, Sandeep Mathrani is leaving the CEO position. WeWork board member David Tolley will take over in the interim. Continue reading
The co-working behemoth posted a net loss of $299 million in the first quarter, a $205 million improvement from a year earlier, according to Q1 earnings data released Tuesday morning. Continue reading
Former WeWork CEO Adam Neumann is getting into rentals and property management with his latest effort, Flow. But these renter-reward companies are already flooding the rental sector. Continue reading