The We Company CEO Adam Neumann (Credit: Getty Images and iStock) The We Company’s annual losses doubled to nearly $2 billion in 2018, the company said on Monday. The co-working giant’s revenue also more than doubled, to $1.82 billion, but heavy spending toward worldwide expansion led to losses of $1.93 billion for the year, the […]
Former WeWork exec teams up with Chicago developer to launch amenity and property management platform
Alex Samoylovich (red) and Jacob Rynar (blue) with a Flats Chicago gym (Credit: Facebook and LinkedIn) In developing 8,000 apartment units over 15-plus years, Alex Samoylovich learned quite a bit about the demands of renters and the inefficiencies in multifamily property management. Now the founder of Cedar Street Companies and Flats Chicago is using that knowledge […]
WeWork signs 40K sf lease in North Hollywood
WeWork signed a 40,000 square-foot lease at 5161 Lankershim Boulevard (Credit: Getty Images and Google Maps) Co-working giant WeWork is expanding its footprint in the San Fernando Valley. The firm signed a lease for 40,000 square feet at 5161 Lankershim Boulevard in North Hollywood, the Commercial Observer reported. Building owner Beacon Capital Partners purchased the […]
WeWork buys tech firm to track and record movements in workplaces
A co-working space surveillance scene (Credit: iStock and Pixabay) WeWork’s chief product officer said they’re aiming for a “Google analytics for space,” but their new tech acquisition raises questions about privacy in the workplace. The company just bought Euclid, a platform that monitors people’s movement in physical space, for an undisclosed sum, according to TechCrunch. The […]
WeWork expands its portfolio with first Beverly Hills lease: sources
Adam Neumann, Michael Ovitz, and 9830 Wilshire Boulevard (Credit: Getty Images) WeWork will open its first Beverly Hills location at the former Creative Artists Agency building on Wilshire Boulevard, The Real Deal has learned. Sources said the company is close to inking a deal to occupy the entire 70,000-square-foot property, which is owned by former […]