Banker & Tradesman’s Editorial Cartoon: If at First You Don’t Succeed
WeWork founder Adam Neumann, broadly blamed by commentators for the company’s failure, is reportedly trying to buy the company back as it limps into bankruptcy.
Banker & Tradesman’s Editorial Cartoon: We (Don’t) Work
WeWork has had to make a post-bankruptcy adjustment to its signs in downtown Boston in this week’s editorial cartoon.
WeWork Bankruptcy Hits High-End Buildings in Boston
WeWork’s bankruptcy adds a new stress point to Boston’s Class A office sector already struggling to adapt to elevated vacancies and uncertain future demand.
WeWork Seeks Bankruptcy Protection with 18M SF Still Leased in US
WeWork said it entered into a restructuring support agreement with the majority of its stakeholders to “drastically reduce” the company’s debt while further evaluating its commercial office lease portfolio.
The Emperor Had No Clothes, After All
The end may finally be near for WeWork. To that, I say: Good riddance, and maybe we can look forward to a little less bunkum in a business world that’s been full of it.
WeWork Warns ‘Substantial Doubt’ It Can Stay in Business
WeWork is warning there’s “substantial doubt” about its ability to stay in business over the next year because of its financial losses and its need for cash, among other factors.
155K SF Lab Conversion Approved for Atlantic Ave. Offices
An office building across from Boston’s South Station will become life science research space after a developer confirmed no high-risk infectious disease research will be conducted.
Two Years Later, WeWork Attempts IPO No. 2
WeWork will become a publicly traded company Thursday after a spectacular collapse during its first attempt to do so two years ago.
Banker & Tradesman’s Editorial Cartoon: Put a ‘We’ on It?
A development team looking to replace a giant coworking tenant with — what else? — lab space. The big challenge, though, is how to brand it?
Oxford Proposes 155K SF Lab Conversion
The departure of anchor tenant WeWork is providing the impetus for the latest proposed office-to-lab conversion in downtown Boston.
Cushman & Wakefield in $150M Deal with WeWork
In a move it said was aimed at meeting office tenants’ increasing preference for shorter, more flexible lease terms, commercial real estate brokerage Cushman & Wakefield announced a $150 million investment in coworking giant WeWork.
Signs Not Good for Coworking Revival
CBRE is plunking down $200 million for just over a third of Industrious, while Newmark taking over bankrupt Knotel in a $20 million debtor-in-possession deal. Are they truly on to something?
How Airbnb Got its IPO Plans Back on Track
It’s been a rollercoaster year for Airbnb and its much-anticipated plans for an initial public offering or IPO. The home sharing platform had planned to file back in March to go public but then coronavirus hit and its revenue nose-dived.
Taking Stock of Market Turmoil
Bill McCall likes to joke that he’s accurately predicted eight of the last four recessions in Massachusetts. His glass-half-empty perspective is influenced by his brokerage firm’s tenant advisory specialty in helping companies drive the best bargain with landlords.
WeWork Must Do More than Retain Tenants
As Boston’s second largest landlord, WeWork now faces possibly an even bigger challenge than just hanging onto tenants amid the worst downturn since the 1930s.
WeWork, Wayfair Could Be Vectors for Coronavirus-Caused Office Slump
Suddenly, the most serious threat since the Great Recession looms over the hitherto-booming downtown Boston office market.
The Sharing Economy Has Already Made a Lasting Imprint on Real Estate
WeWork and Airbnb altered the way tenants look at property, the same way Uber and Lyft have upended the way passengers look at transportation
WeWork Worries Drop Softbank Quarterly Profits by 94 Percent
Japanese technology conglomerate SoftBank Group Corp. said its profit for the last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork.
Landlord’s Market Likely to Continue in 2020
Following a year that saw Greater Boston vacancy rates drop to near-historic lows, rents in downtown Boston increase by over 15 percent year-over-year, and tech companies continue to absorb significant space in prime locations, what trends and shifts in the market can we expect to see in 2020?
The Turkeys of Real Estate
With Thanksgiving just days away, it’s time for our annual turkey shoot, where we let loose a healthy dose of verbal buckshot on everything from projects gone wrong to spineless pols and NIMBY neighbors.
