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WeWork CEO steps down

Started by 30yrs_RE_20_in_REO
about 6 years ago
Posts: 9877
Member since: Mar 2009
Discussion about
https://www.nytimes.com/2019/09/24/business/dealbook/wework-ceo-adam-neumann.html Will this help tank the commercial RE market? All of a sudden it seems like everyone is figuring out what I've been saying all along - their model doesn't make sense. Basically it eats all the risk for almost no return. In fact, their returns have been not only negative, but increasingly so. When they finally go under, what's going to happen to all the Real Estate they have been propping up? This is going to leave a fairly good sized crater which could suck in a decent amount of the Commercial Real Estate market in many locations.
Response by 30yrs_RE_20_in_REO
over 5 years ago
Posts: 9877
Member since: Mar 2009

I began this thread wondering if WeWork would tank the entire commercial real estate market.
https://therealdeal.com/2020/05/11/weworks-rental-woes-slam-cmbs-market/

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Response by stache
over 5 years ago
Posts: 1298
Member since: Jun 2017

If there's any bright side to this they upgraded a lot of old B/C quality office space for future occupants.

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Response by Anton
about 5 years ago
Posts: 507
Member since: May 2019

any one share some info why amazon rescue wework and buy the lord and taylor building??

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Response by 30yrs_RE_20_in_REO
about 5 years ago
Posts: 9877
Member since: Mar 2009

https://therealdeal.com/2020/10/23/wework-bonds-now-close-to-default-fitch/

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Response by Anton
about 5 years ago
Posts: 507
Member since: May 2019

Did they just make $300 million easy money from the lord and taylor building flip?

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Response by Rinette
over 1 year ago
Posts: 646
Member since: Dec 2016

https://www.cnbc.com/video/2024/04/11/pro-watch-cnbcs-full-interview-adam-neumann-on-his-new-1b-real-estate-startup.html

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