Tag : WeWork

WeWork devours more New York office space, adds Tower 57, NoMad loft
FeaturedOffice Market

WeWork devours more New York office space, adds Tower 57, NoMad loft

Linda O'Flanagan
by Linda O'Flanagan1668
A week after announcing an $850 million deal to buy the Lord & Taylor flagship for his NYC headquarters, WeWork continues to sign leases for more space. The collaborative workspace provider is expanding its footprint at Tower 57 to 125,000 s/f.   And it will occupy a chunk of the...
Deals & DealmakersDebt & Equity

WeWork rival UrWork raises $178M in funding round

REW
by REW1741
Chinese co-working firm UrWork has raised $178 million in pre-C funding. The funding round was led by Chinese investors Beijing Capital, Star Group, Beijing Aikang Group and Prosperity Holdings. The firm, which recently announced plans to open its first location at 28 Liberty Street in the Financial District, will use...
Deals & Dealmakers

Blackstone acquires majority interest in British WeWork competitor

REW
by REW1779
Blackstone Real Estate Partners Europe V as acquired a majority interest in the Office Group, the WeWork of the UK, in a deal valued at over $600 million. Lloyd Dorfman, together with the co-founders Charlie Green and Olly Olsen, will remain shareholders in the group post-transaction and Green and Olsen...
WeWork exec says Jersey City not cool enough for his firm
Construction & DesignFeatured

WeWork exec says Jersey City not cool enough for his firm

REW
by REW1609
Co-working giant WeWork has made headlines for its ambitious growth plan. Last year, co-founder Adam Neumann told the crowd at a real estate panel that the company was looking to take 30 million s/f in the next five years. But despite the fact that the firm seems to be taking...
WeWork eyes corporate clients with new broker program
Deals & DealmakersFeatured

WeWork eyes corporate clients with new broker program

REW
by REW1238
As office landlords explore ways to compete with co-working spaces, WeWork is going the opposite direction. The shared office provider is going the traditional route, enlisting the help of real estate brokers to grow its tenant headcount. The company has just revamped its relationship with real estate brokers, offering more...
Report: WeWork’s NYC footprint has grown by 6,258% since 2010
Deals & DealmakersFeatured

Report: WeWork’s NYC footprint has grown by 6,258% since 2010

REW
by REW1473
In spite of its growing number of competitors, WeWork has increased its New York City footprint by 6,258 percent since opening its first location six years ago, according to a new report from commercial real estate firm Newmark Grubb Knight Frank. In its June 2016 NYC NewTrends report, NGKF said...
Deals & Dealmakers

WeWork lands its share of the Plaza District

REW
by REW1292
WeWork has secured its first location in Manhattan’s Plaza District. The company has signed a long-term lease for four full floors at Charles S. Cohen’s Tower 57, the distinctive 32-story office tower at 135 East 57th Street. The building, best known for its spectacular curved façade and breath-taking entranceway, occupies...
Deals & Dealmakers

Kushner taps CBRE to lease Dumbo Heights

REW
by REW2290
Kushner Companies has signed CBRE Group, Inc. as the exclusive leasing agent for DUMBO Heights, a 1.2 million square-foot mixed-use urban campus in the heart of the Brooklyn Tech Triangle. Already home to Etsy, WeWork and other creative companies, DUMBO Heights has roughly 350,000 s/f of office space remaining. Kushner...
WeWork signs lease for Downtown Brooklyn space
Deals & DealmakersFeatured

WeWork signs lease for Downtown Brooklyn space

REW
by REW1205
Treeline, and its joint venture partner Long Wharf Real Estate Partners, have leased the top four floors at 195 Montague Street in downtown Brooklyn to space sharing giant, WeWork. Kraig Silver, executive vice president of Treeline, represented the owners in the 77,000 s/f deal, while Jonathan Serko, vice chairman of...