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End Of An Era: WeWork Closing Its First-Ever Location
News

End Of An Era: WeWork Closing Its First-Ever Location

... its vast global footprint. Co-founders Adam Neumann and Miguel McKelvey used a 3K SF ... started as a one-floor lease, and Neumann and McKelvey sodablasted the brick walls and ... leases. Both its founders have departed. Neumann was ousted as CEO last year and ...

Jun 30, 2020
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WeWork Taps Cushman & Wakefield Exec As New CEO As It Exits Bankruptcy
News

WeWork Taps Cushman & Wakefield Exec As New CEO As It Exits Bankruptcy

... locations. Its financial projections, which co-founder and former CEO Adam Neumann blasted as “unrealistic and unlikely to succeed,” call for it ...

Jun 11, 2024
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The Bisnow Weekender: Yardi. Yardi? YARDI?!
News

The Bisnow Weekender: Yardi. Yardi? YARDI?!

We explored another transformative development this week, the potential impacts of the Federal Trade Commission’s proposal to ban noncompete agreements and what it could spell for CRE. With noncompete clauses being a staple in many brokerage firms, for ...

May 02, 2024
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Who Is Yardi — And What Does It Want With WeWork?
News

Why The 'Strange Marriage' Of WeWork And Yardi Makes Perfect Sense

... — “the total polar opposite” to former WeWork CEO Adam Neumann, said Fronteras Commercial Real Estate President Giovanni Palavicini.  “ ... like his own pocketbook,” Gielchinsky said. “I think Adam Neumann would have brought back all that baggage to WeWork ...

May 02, 2024
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The Bisnow Weekender: A Hangover, Trust Issues And A ‘Nonevent’
News

The Bisnow Weekender: A Hangover, Trust Issues And A ‘Nonevent’

... Turns To SoftBank, Yardi To Fend Off Takeover Bid From Adam Neumann — U.S. Industrial Leasing Plunges In Q1 As 'Recalibration' Continues ...

Apr 18, 2024
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SoftBank Reportedly Negotiating To Take Control Of WeWork
News

SoftBank Reportedly Negotiating To Take Control Of WeWork

... ownership share going to SoftBank would further diminish former CEO Adam Neumann's voting shares. SoftBank's takeover offer is being ... debt, but complicating matters is JPMorgan's position as Neumann's personal bank. It partnered with Goldman Sachs to ...

Oct 14, 2019
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people at a coworking space
News

WeWork Acquiring Flexible Workspace Company Common Desk

... documentary that detailed the rise and fall of its founder, Adam Neumann. Last week, Apple TV+ announced a premiere date of ... March 18 for WeCrashed, a limited series following Neumann and his wife, Rebekah Neumann, played by Jared Leto and Anne Hathaway. ...

Jan 25, 2022
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WeWork Sign in London
News

WeWork Discloses Another 9-Figure Loss, Reworks Deals With 4 Landlords

... while it faces a $500M, venture-backed takeover bid from Adam Neumann, WeWork’s former CEO who was ousted after a failed ... .  Court filings from March 26 indicate that lawyers for Flow, Neumann’s new real estate venture focused on apartments, are looking ...

Apr 01, 2024
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WeWork co-founder Miguel McKelvey
News

WeWork Co-Founder Miguel McKelvey Is Stepping Down

... McKelvey, who started the now-embattled coworking company alongside Adam Neumann and was largely responsible for its industry-shaping aesthetic, ... Mathrani, who took over as CEO of WeWork after Adam Neumann’s ousting, said in a statement to BI that ...

Jun 05, 2020
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The Bisnow Weekender: Is CRE Really ‘In Trouble’?
News

The Bisnow Weekender: Is CRE Really ‘In Trouble’?

... when negotiating with borrowers.”   More Big News From The Week … — Adam Neumann Seeks To Buy WeWork, Partners With Hedge Fund Manager Daniel ...

Feb 08, 2024
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