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WeWork Is Backing Out Of A Big Lease In Manhattan
News

WeWork Is Backing Out Of A Big Lease In Manhattan

... almost $16M for a retrofit for WeWork, per the publication. WeWork is now valued at less than ... space at the Madison Avenue building. “If [WeWork has] the ability and the desire to ... there was a lot of concern about WeWork with the high-profile events of the ...

Jun 26, 2020
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No 1 Spinningfield, Manchester, developed by Allied London, the 308K SF block now sold to a joint venture lead by Schroders Feb 2018
News

WeWork Face Pricing Concerns As Manchester Rethink Nears Its Conclusion

... requirements. In an email circulated earlier this week, WeWork offered desks at existing prices and densities. This included ... maintain revenues and brand loyalty going forward." Whilst WeWork spokespeople said it has always prioritised flexibility and will ...

Jun 16, 2020
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WeWork Considering Giving Up On WeLive
News

WeWork Considering Giving Up On WeLive

... residents in its co-living portfolio.  In October 2016, WeWork East Coast General Manager Dave McLaughlin indicated the planned expansion ... Seattle. It scrapped its Seattle plans in October as WeWork shifted its focus to its core coworking business following ...

Jun 08, 2020
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WeWork
News

WeWork Begins De-Neumannizing

... landlords, especially in places like Manhattan and London — where WeWork is the single largest tenant — have a lot at stake ... for only about six months. Other dispositions may follow, since WeWork previously seemed eager to prove, via acquisition, that it ...

Sep 26, 2019
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Benjamin burning
News

WeWork Lost $1.25B In The Third Quarter As Its IPO Went Belly-Up

... development." The latter includes not only new markets for WeWork's coworking product, but other kinds of expansion formerly ... leased during the third quarter by coworking operators involved WeWork. WeWork is now under the control of SoftBank Group, which ...

Nov 14, 2019
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WeWork And Ivanhoé’s $3B Property Buying Spree Is On Hold
News

WeWork And Ivanhoé’s $3B Property Buying Spree Is On Hold

... investment officer said the venture is on pause while WeWork stabilizes itself following its failed IPO in September and ... 350M of equity in those deals. In February, its fund, WeWork Property Investors, bought the Lord & Taylor department store building on ...

Dec 11, 2019
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WeWork Sued For Breach Of Contract Over Continuous Construction
News

WeWork Sued For Breach Of Contract Over Continuous Construction

... County Superior Court late last month. It claims WeWork has frequently engaged in construction activities like core ... .  Brothers International is seeking an injunction to prevent WeWork from continuing the daytime construction, along with unspecified ...

Oct 28, 2019
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WeWork Nixes Planned Seattle WeLive Location
News

WeWork Nixes Planned Seattle WeLive Location

... project, will open in December, the company said. A WeWork spokesperson told Bisnow the company remains committed to its presence ... Recently, regulators in New York have begun investigating whether WeWork's practice of renting out some WeLive rooms for stays ...

Oct 15, 2019
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WeWork Might Be In Hot Water With Its $850M Fifth Avenue Trophy
News

WeWork Might Be In Hot Water With Its $850M Fifth Avenue Trophy

... as possible self-dealing, and it was reportedly rolled into WeWork's larger ARK investment fund in March. JPMorgan Chase, ... a reported $600M loan for the purchase. WeWork signed a lease with WeWork Property Investors after the purchase for the entirety ...

Oct 07, 2019
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WeWork Buying Spree Continues As It Snaps Up Rival Spacious
News

WeWork Buying Spree Continues As It Snaps Up Rival Spacious

... the table.”  The Spacious deal came almost immediately after WeWork parent company The We Company released the prospectus for ... among others. The coworking industry has been growing along with WeWork. JLL predicts that by 2030, coworking will represent 30% ...

Aug 29, 2019
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