Tag : WeWork

Real estate leaders show no fear of overbuilding

REW November 11, 2015 November 11, 2015

by REWNovember 11, 2015November 11, 20151108

Even in a surging office market, worries about overbuilding New York City office space persists, driven by the frenetic leasing activity of co-working spaces and the wealth of office buildings coming to the market. According to mid-year statistics from Cushman & Wakefield, the office vacancy rate in Manhattan was at...

Deals & Dealmakers

New WeWork office receives $70M loan

REW October 28, 2015 October 28, 2015

by REWOctober 28, 2015October 28, 20151302

Mission Capital Advisors has arranged $70 million in financing for 88 University Place, an 11-story building in the heart of Midtown South/Greenwich Village. Mack Real Estate Credit Strategies provided the floating-rate loan on behalf of the sponsor — an investment group led by fashion designer Elie Tahari — which recently...

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WeWork won’t stop until it has 80 million square feet

REW May 28, 2015 May 28, 2015

by REWMay 28, 2015May 28, 20151203

Co-working giant WeWork will swallow up 30 million square feet of New York City office space in the next five years, according to its co-founder. Speaking at a Metropolitan Business Network event earlier this month, Adam Neumann, the entrepreneur who started WeWork in 2010, said his company will grow to...