Back To Daily Digest
Tags: BUSINESS

The continuing story of WeWork

Adam Neumann, CEO of The We Company, is facing backlash as he continues to personally buy buildings that are leased to WeWork.

The first of these dealings took place last March when Neumann partnered with designer Elie Tahari to buy a stake in 88 University Place, then leasing it to the coworking operator.

These dealings are making Neumann millions as he continues to expand the investments, including multiple properties in San Jose, California where WeWork has plans for a new campus.

WeWork defended the deals, stating that the investments were approved by the board and an independent committee, but investors have expressed some concerns.

Latest on Daily Digest

LABS expands its North London presence even further

Office provider LABS has launched its 96,100 square foot flagship property LABS House in Bloomsbury, London that features coworking, offices, and full-service dining.
Female empowerment organizations team up

Social club The Wing is offering up space at all of its locations to the Time’s Up movement, where both organizations will team up to support victims of sexual misconduct.
Modern office interiors aren’t enough to win over young talent

Cool office interiors are ideal at first glance, but looking into a company’s principles, such as gender equality and flexibility, will be the factors that retain talent.
2018’s office market proved to be a high point for the industry

Colliers International revealed the success of the office market last year due to high demand for coworking and tech firms, but predictions for 2019 are uncertain.
Office design trends to look out for in 2019

2019 is expected to see a continuation of evolving office design trends, such as the coworking spaces, biophilia, ergonomic furniture, breakout areas, and much more.
REITs allow coworking providers to balance out potential risks and rewards

Shared office space providers as tenants have become the norm for many landlords and building owners, and now many REITs have adopted coworking as it continues to expand.
Brookfield and Convene team up for Lower Manhattan multi-use space

Brookfield Properties has teamed up with Convene to spruce up the 73,000 square foot Brookfield Place into a full-service events venue that accommodates up to 500 people.
WeWork continues down its data tracking path

WeWork has acquired Euclid, a company that uses WiFi to track the movements of a person within a space, in its aim to observe how members intend to utilize its spaces.
Coworking operators need to evaluate expansion in order to survive

Many coworking operators pride themselves on massive, rampant expansion, but some industry experts believe this growth could lead to failure and consolidation in 2019.
Working moms find a home in suburban coworking spaces

Coworking has expanded into many major markets of the nation over the past few years, but some firms are finding their client base to be working moms in the suburbs.
No18 brings luxury coworking to Chicago’s tallest office building

Howard Hughes, the development team behind Chicago’s Bank of America Tower, announced that luxury coworking brand No18 will take up two floors in the 55-story building.
WeWork becomes one of Seattle’s largest office occupiers

WeWork has officially become one of Seattle’s largest office space occupiers, along with Amazon and Microsoft, and has a total footprint of about 1.7 million square feet.
Ad

FOLLOW US

  • Facebook
  • Twitter
  • LinkedIn
  • RSS
  • instagram
  • pinterest
Ad

POPULAR ARTICLES