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Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan

Yardi to Become Majority Owner of WeWork in Bankruptcy Exit Plan

by Phil Hall | Apr 30, 2024 | Commercial Real Estate News, Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

The coworking company WeWork (OTCMKTS: WEWKQ) announced the securing of $450 million in new funding that will fuel its exit from Chapter 11 bankruptcy. The property management software provider Yardi Systems is taking a 60% stake in WeWork through its subsidiary Cupar...
Report: Adam Neumann Seeks to Regain Control of WeWork via Acquisition

Report: Adam Neumann Seeks to Regain Control of WeWork via Acquisition

by Phil Hall | Mar 26, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

Adam Neumann, the co-founder and former CEO of the bankrupt WeWork Inc. (OTCMKTS: WEWKQ), submitted an offer to acquire the co-working company for more than $500 million. According to a Wall Street Journal report sourced from unnamed “people familiar with the matter,”...
Hits and Misses for the Real Estate Week of July 24-28

Hits and Misses for the Real Estate Week of July 24-28

by Phil Hall | Jul 28, 2023 | Current News & Events, Hits and Misses, Real Estate News, U.S. Housing Market, WRE News Exclusive

An accused serial killer’s house attracts unwanted attention, a royal couple’s possible arrival created agita, and what does Iceland have that the U.S. doesn’t? Looking into the wild and wooly world of real estate, here are our Hits and Misses for this week. Miss:...

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