After losing 90% of its market value WeWork shows signs of life BY LUCINDA SHEN in Fortune on August 17, 2020 Like many businesses with a heavy real-estate presence, WeWork struggled as the pandemic pushed employees out of offices and into homes. It started another round of layoffs in late April,Read More →
NREI Reviews the prospects of eight top co-working outfits by Patricia Kirk in NERI on Aug 07, 2020 Some office experts predicted that the pandemic would destroy co-working operations—at least until a vaccine is available, because people would not feel safe working in close proximity to strangers and the concept may not beRead More →
Coworking was in trouble before the pandemic. JLL asserts that coworking is well suited to the new normal. by Thomas Phillips in GlobeSt.com on July 15, 2020 at 07:18 AM Growth in flexible workspace had been on a tear before COVID-19 froze workers out of their spaces. But the disease could be whatRead More →
The coworking industry was melting down prior to the coronavirus. The disruptive business model is retreating from some of its 2019 excesses and perhaps finding its place as a tool in the broader real estate strategy of occupiers both small and large by Dave McKenna, Editor CREB on July 8,Read More →
The pandemic experience is likely to reshape the way we work. De-densification is now a thing. Work space will house fewer people, and less of it will be dedicated to group meeting space. By E.B. Solomont in The Real Deal on May 18, 2020 For years, co-working and flexible office spaceRead More →
Current and former employees were counting on the planned payout to fund new businesses, cover mortgages and pay off loans. by Ellen Huet in Bloomberg on April 3, 2020 Teddy Kramer worked at WeWork from 2013 to 2015. When he left the company, he had been a director of new market development,Read More →
Open-plan offices, less space per employee and co-working solutions were among the biggest trends of 2010s. Are they about to go away? by Patricia Kirk in National Real Estate Investor on April 2, 2020 The COVID-19 pandemic has upended daily life and economies around the world. Many wonder what aRead More →
Siting multiple failures to meet conditions, SoftBank pulls back from WeWork deal while maintaining its commitment to the long term success of the co-working giant. by Natsha Lomas in TechCruch on April 2, 2020 SoftBank Group has pulled a $3 billion tender offer for WeWork shares — citing closing conditions not being met.Read More →
What if WeWork failed? Are the wheels falling off the high-flying co-working innovator? It lost $2 billion last year, its founder-CEO has been forced out, and SoftBank is wondering if a $47 billion valuation was really such a good idea. by Anthony LoPinto in GlobeSt on September 24, 2109 TheRead More →