Real Estate (Commercial)

‘It’s Definitely Pretty Empty’: Why Saving WeWork Will Be Hard

Acquisitions and Divestitures, Adam, Brooklyn Navy Yard (Brooklyn, Co-Working, Initial Public Offerings, Mergers, Neumann, NY), Real Estate (Commercial), SOFTBANK Corporation, Technology NEWS, WeWork Companies Inc / Good To SEO

In a statement, a WeWork executive said that given enough time, his company’s prime office spaces would be successful. “Location and market maturity play a significant role in driving building occupancy and profitability, which we are highly focused on under our new direction,” said Nick Worswick, global head of sales at WeWork. “We look forward […]

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WeWork Considers Rescue Plans From SoftBank and JPMorgan

The board of WeWork, the cash-starved purveyor of shared office space, could choose between two competing financial rescue packages as early as Tuesday, according to people with knowledge of the matter. One is being offered by SoftBank, and another from a financial consortium led by JPMorgan Chase. SoftBank, a Japanese technology giant that is already