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Another SPAC for CRE has been created, one by investor Fifth Wall.
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The man who led WeWork into a disastrous IPO attempt in 2019 apparently also played a part in the coworking company's more recent attempt to go public.
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WeWork may get another boost from its longtime backer.
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WeWork is cutting its lease liabilities, which accounted for over two-thirds of total operating expenses in the second quarter.
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WeWork's hopes of restructuring via the bankruptcy process rely on altering many of its leases.
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WeWork got a seven-day extension to make one interest payment. But at the same time, it missed another.
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Yardi will fund $377M of the $450M WeWork is receiving to emerge from bankruptcy.
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The planned lease assumptions include locations in Boston, Chicago, Denver, Houston, New York, San Francisco and D.C.
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Proposed stadium deals in Las Vegas and Oakland have new financial backers.
D.C.-based tech company Mapbox is more than tripling is footprint by moving out of a co-working space into a new 21K SF office near the White House
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