CIM Group, Australian Fund To Hand 1440 Broadway Back To Lender
WeWork is the biggest tenant in the building, which is tied to a $399M CMBS loan.
WeWork is the biggest tenant in the building, which is tied to a $399M CMBS loan.
Adam Neumann's Flow and partners gain approval for multifamily project in Aventura.
WeWork executive said parking prices need to be higher to encourage more people to take a train.
The building, developed as Society Wynwood, is rebranding into Flow Wynwood.
From WeWork's IPO to the FBI's aborted search for a new headquarters to a tilting skyscraper in San Francisco, lots went wrong in CRE in the 2010s.
SoftBank had previously agreed to bail the coworking firm out after its IPO went south.
Data about impact of working from home on productivity is conflicting.
Former WeWork boss Adam Neumann is now investing in U.S. multifamily assets.
Investors say the growth-at-all-costs model demonstrated by SoftBank Vision Fund adds so much risk to the market its involvement alone throws up a red flag.
The WeWork co-founder has three projects at Miami Worldcenter, including two apartment towers and 40K SF of office space with a retail component.
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