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SoftBank CEO Outlines WeWork Turnaround Plan, Regrets 'Bad Judgment'
News

SoftBank CEO Outlines WeWork Turnaround Plan, Regrets 'Bad Judgment'

... while missing warning signs about co-founder and former CEO Adam Neumann's management of the company, The Wall Street Journal reports ... additional $8B to take control of the company — and sideline Neumann. Son said at the conference that the investment was in ...

Nov 06, 2019
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Nitin Motwani And Related Group’s Nick Perez Team Up For Condo Project At Miami Worldcenter
News

Nitin Motwani And Related Group’s Nick Perez Team Up For Condo Project At Miami Worldcenter

... developed by CIM Group and Falcone Group. WeWork co-founder Adam Neumann reportedly took a majority stake in the latter building recently ...

Jan 13, 2022
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WeWork at 100 Bayview Circle
News

What, WeWorry? WeWork Opens New Newport Beach Location

... darling of commercial real estate to a virtual pariah, as Neumann stepped down and the company was on the verge of ...

Oct 28, 2019
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Reports: WeWork Agrees To SoftBank Takeover At $8B Valuation
News

Reports: WeWork Agrees To SoftBank Takeover At $8B Valuation

... would come from WeWork co-founder and former CEO Adam Neumann, whose erratic management style and outsized ambition were reportedly ... reports.  Though it has corresponded with a financial windfall, Neumann’s public fall from grace has been swift. Before ...

Oct 21, 2019
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WeWork Nixes Planned Seattle WeLive Location
News

WeWork Nixes Planned Seattle WeLive Location

... sell three of the companies it acquired under former CEO Adam NeumannNeumann had boldly proclaimed WeLive would be "a bigger business than ...

Oct 15, 2019
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WeWork offices, wework, co-working space, open offices
News

Report: WeWork Could Run Out Of Money By November As JPMorgan Considers Bailout

... projected valuation. The IPO has since been canceled, co-founder Adam Neumann was forced out as CEO and his replacements have reportedly ... way out from under his excesses. In the days after Neumann's ouster, Bloomberg reported it only had enough capital to ...

Oct 13, 2019
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WeWork Executive Cautions Lenders Not To ‘Make An Assumption’ About Coworking Deals
News

WeWork Executive Cautions Lenders Not To ‘Make An Assumption’ About Coworking Deals

... Advisors to be rolled into ARK, and for then-CEO Adam Neumann to sell the buildings he owned to it. The Lord ... after its plans to go public turned to ash and Neumann was forced to step down. Former Chief Financial Officer Artie ...

Oct 10, 2019
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WeWork CEO and co-founder Adam Neumann
News

WeWork CEO Says Co-Working Giant Will Go Public, But Provides Few IPO Details

Once again WeWork CEO Adam Neumann said his co-working company ... the timeline for an initial public offering. Neumann said WeWork generates an annual $1B in ... s 120,000 members, Reuters reports. While Neumann praised NYSE Group President Tom Farley during ...

Jun 18, 2017
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Bjarke Ingels' New Development Firm Lets Consumers Digitally Design, Finance Homes
News

Bjarke Ingels' New Development Firm Lets Consumers Digitally Design, Finance Homes

... statement.  Bahar, a former lieutenant at WeWork under former CEO Adam Neumann, is Nabr’s CEO. Ingels, the namesake of the architectural ...

Dec 14, 2021
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LPC West's Redstone office building in Newport Beach
News

What Turmoil? WeWork Signs Long-Term 50K SF Lease In Newport Beach

... to a third of that. WeWork's founder and CEO, Adam Neumann, was forced to step down last week. The company withdrew ... filing Monday. It also has plans to sell off assets Neumann acquired, reportedly lay off potentially thousands of workers and drastically ...

Oct 01, 2019
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