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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.
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WeWork is the biggest tenant in the building, which is tied to a $399M CMBS loan.
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Adam Neumann's Flow and partners gain approval for multifamily project in Aventura.
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WeWork executive said parking prices need to be higher to encourage more people to take a train.
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The building, developed as Society Wynwood, is rebranding into Flow Wynwood.
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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.
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SoftBank had previously agreed to bail the coworking firm out after its IPO went south.
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Data about impact of working from home on productivity is conflicting.
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Former WeWork boss Adam Neumann is now investing in U.S. multifamily assets.
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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.
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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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