The Real Deal New York

How WeWork is turning CRE on its head

Developers and investors are spending millions to get in on the industry's next big thing

December 02, 2015 09:00AM
By Konrad Putzier

WeWork co-founder Adam Neumann

WeWork co-founder Adam Neumann

From the December issue: When WeWork’s co-founder Adam Neumann first met Forest City Ratner’s top two executives — Bruce Ratner and MaryAnne Gilmartin — four years ago, he pulled out shot glasses and poured them whiskey. The real estate execs had come to meet Neumann at WeWork’s 222 Broadway headquarters in Lower Manhattan. It was 5 p.m. on a weekday.

“[It] was a sign that this was a very different kind of company,” Gilmartin recalled at a panel hosted by the Real Estate Board of New York last month. [more]