Tag Archives: WeWork

Another Softbank-backed real estate startup is wobbling

By Teke Wiggin | November 27, 2019 - 4:52 pm |November 27, 2019 Uncategorized

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Co-founder leaves board of pre-fab construction startup Katerra in latest executive shakeoff, after report that it pulled out of a number of construction projects. Continue reading →

SoftBank CEO shifts priorities after WeWork debacle

By Marian McPherson | November 26, 2019 - 9:10 pm |November 26, 2019 Uncategorized

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Masayoshi Son says he’s now focusing on ‘profitability and cash flow’ when evaluating his investments. Where does that leave Compass and Opendoor? Continue reading →

WeWork losses continue to explode in Q3, new report reveals

By Patrick Kearns | November 15, 2019 - 7:14 pm |November 15, 2019 Uncategorized

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WeWork reportedly posted a loss of $1.25 billion in the third quarter, according to the Wall Street Journal. Continue reading →

Proptech funding shows no signs of slowing down

By Patrick Kearns | November 12, 2019 - 9:23 pm |November 12, 2019 Uncategorized

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The U.S. real estate technology sector nabbed $1.9 billion in growth equity capital in 2019, according to a new study from GCA Advisors. Continue reading →

iBuying can be huge, even if it remains a niche industry tool

By Jim Dalrymple II | November 12, 2019 - 8:42 pm |November 12, 2019 Uncategorized

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Mike DelPrete found that iBuyers’ business model differs from traditional home flippers. He also suggested iBuyers can profit from staying in their lanes. Continue reading →

Inman News quiz: Think you’re on top of the week’s biggest stories?

By Inman | November 8, 2019 - 9:00 am |November 8, 2019 Uncategorized

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The real estate industry threw some curveballs. Take Inman’s real estate news quiz to demonstrate how strong your talking points and cocktail banter are this week. Continue reading →

SoftBank posts $6.4B loss, CEO ‘regrets’ WeWork investment

By Patrick Kearns | November 6, 2019 - 3:03 pm |November 6, 2019 Uncategorized

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The company also reported it lost $4.6 billion in its WeWork stock value after WeWork’s failed initial public offering earlier this year. Continue reading →

‘We’re not flipping’: Zillow CEO reveals impetus behind his iBuyer

By Patrick Kearns | October 28, 2019 - 8:10 pm |October 28, 2019 Uncategorized

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“If anyone thinks Zillow is doing Zillow Offers to make money on home price appreciation, they’re wrong,” Rich Barton told the audience at Zillow’s Unlock event Monday. Continue reading →

WeWork’s Neumann offered $1.7B to walk, Softbank gets 80% stake

By Teke Wiggin | October 23, 2019 - 4:01 pm |October 23, 2019 Uncategorized

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Softbank will bail out the co-working giant to the tune of nearly $10 billion while news outlets report that founder Adam Neumann has been offered a $1.7 billion exit package. Continue reading →

Potential SoftBank takeover reveals WeWork’s new value

By Patrick Kearns | October 22, 2019 - 4:43 pm |October 22, 2019 Uncategorized

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The takeover will reportedly value WeWork at around $7.5 billion and hand SoftBank approximately 70 percent of the company. Continue reading →