Real estate mogul Barry Sternlicht: WeWork went "off the rails" but it"s still a "real company"
"It was built for hyper growth and that is too capital intensive," says the Starwood Capital founder......»»
"Reopen the economy" — Barry Sternlicht worries about "financial suicide" from coronavirus closures
The possible destruction of the U.S. economy must be weighed against the diminishing health risks from the coronavirus, real estate mogul Barry Sternlicht told CNBC on Tuesday......»»
Key Words: President Trump is ‘kind of right’ about firing the U.S. economy back up before it’s too late, this real-estate mogul says
Barry Sternlicht, who ov.....»»
Key Words: President Trump is ‘kind of right’ about firing the U.S. economy back up before it’s too late, real estate mogul says
Barry Sternlicht, who ov.....»»
WeWork"s Neumann Nears Deal To Settle With Softbank For $500MM, Retain "Major" Ownership Stake
WeWork's Neumann Nears Deal To Settle With Softbank For $500MM, Retain 'Major' Ownership Stake The former CEO and co-founder of WeWork, the tech/real-estate private company which saw its IPO implode back in 2019 (before talk of a.....»»
A WeWork exec who was Rebecca Neumann"s cousin regularly ran up huge expense reports before other execs ganged up and forced him out
Wynn Resorts In the summer of 2018, a woman who worked on WeWork's real estate team sent the company a document filled with allegations involving the partying lifestyle of multiple members of the team. The d.....»»
Year in Review: Coworking booms in Houston in 2019
Although it had been a growing trend in prior years, coworking made a major impact on the world of Houston real estate in 2019. New York-based WeWork, perhaps the nation’s best-known coworking company, opened its second downtown location in 2019. I.....»»
WeWork appoints new executives as part of five-year plan
WeWork’s chairman outlined a five-year turnaround plan at a meeting with employees Friday and introduced new additions to the executive team. The embattled real-estate company has a target to become... To view the full story, click the title link......»»
Insurance startup growing at rapid clip
Jones, a New York City based commercial real estate startup, announced an additional $4.6 million venture round led by Hetz Ventures alongside JLL Spark, WeWork, MetaProp Ventures, GroundUp Ventures and 500 Startups. The company has raised $8 million .....»»
WeWork is reportedly favoring JPMorgan over SoftBank to bail out the buckling real-estate firm
Reuters WeWork is reportedly favoring JPMorgan to help refinance the struggling real estate company over SoftBank taking a controlling stake, according to Bloomberg. Citing anonymous sources, Bloom.....»»
WeWork may drag on New York City"s office market
CNBC's "Power Lunch" team talks about what happened with WeWork's IPO and what may be next for the company with Peter Grant, commercial real estate reporter with The Wall Street Journal......»»
When everyone is a tech company, no one is
Companies like Peloton and WeWork that might have identified themselves as part of the lower-growth fitness or real estate industries have tapped into the investors and funding traditionally accessible only to tech companies......»»
WeWork is targeting lower IPO valuation due to weak demand
The valuation targets for controversial real estate company WeWork are being dramatically lowered, sources told CNBC's David Faber......»»
Real estate tycoon Sam Zell slams WeWork: "Every single company in this space has gone broke"
Office-sharing firm WeWork is not doing anything new, argues the Chicago billionaire real estate investor......»»
WeWork launches $2.9B investment platform
The We Company has launched its own real estate acquisition and management platform. Called ARK, it builds on the co.....»»
WeWork starts $2.9 billion property platform with Canada"s CDPQ
The We Company, parent of workspace provider WeWork, said on Wednesday it has created a $2.9 billion real estate investment platform with funding from one of Canada's largest pension funds, building on ties with private equity firm the Rhone Group......»»
WeWork files for confidential IPO
Co-working behemoth WeWork filed for an initial public offering as the real estate company continues to aggressively lease office space around the globe, including in the Bay Area. The San Francisco- and New York-based company, known as the We Co.,.....»»
News Corp revenue beats as digital push pays off
(Reuters) - News Corp , controlled by media mogul Rupert Murdoch, topped analysts' estimates for quarterly revenue on Thursday as the company benefited from a rise in online subscriptions and strong performance in its digitial real estate business......»»
WeWork Wants to Be its Own Landlord, Using Other Investors" Money
WeWork’s $850 million deal to buy the Lord & Taylor store building via its new real-estate investment fund would make the company both landlord and tenant—raising conflict-of-interest questions......»»
Lord & Taylor is closing its famous Fifth Avenue store
Lord & Taylor, one of the oldest department stores in the US, is closing its Fifth Avenue flagship and headquarters in New York City. The co-working real estate company WeWork has purchased the space for $850 million......»»
WeWork Gets a Visit From Financial Reality
The SoftBank Vision Fund’s decision not to invest more in the office space startup shows it is just a real-estate company. And a risky one at that......»»