Tag: daily_digest

SoftBank will take a controlling stake in WeWork and pay former CEO Adam Neumann $1.7 billion to officially walk away from the company and give up his voting rights.

WeWork will reportedly agree to SoftBank’s takeover deal that will value it at $8 billion and give the Japanese conglomerate at least a 70% stake in the coworking firm.

Commercial real estate trends come and go, but it seems that the trend of flexible offices is here to stay thanks to growing demand from corporates and freelancers alike.

Joyce Bromberg, chief design officer at coworking firm Convene, said design is moving away from the traditional numerical approach and is becoming more human-centered.

As SoftBank continues to structure a rescue plan to keep WeWork afloat, could an 83% haircut possibly backfire and tarnish the Japanese conglomerate’s reputation?

Female-centric coworking firm The Wing opened its first international location in central London that takes up 1,114 square meters and features London-centric designs.

International Workplace Group will grow its 400 UK locations to 3,000 in the next five years, with brands like Regus and Spaces, to respond to the workplace revolution.

As WeWork faces potential bankruptcy, its frenemies at SoftBank and JPMorgan Chase are scouring to put together a bailout that would save the company from imminent doom.

Coworking company Venture X has signed a deal to take up 22,000 square feet of space in downtown Detroit for its newest franchised location on West Congress Street.

After WeWork’s many series of unfortunate events, it is now at risk of running out of money by as soon as mid-November and its backers are scurrying to find a ...