SPAC


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WeWork CEO Sandeep Mathrani (WeWork, iStock)
National

WeWork reports membership growth, best sales since 2019

As businesses seek greater flexibility in a post-pandemic world, WeWork’s offerings could be regaining popularity. The co-working giant is...

WeWork reports membership growth, best sales since 2019
SmartRent's Lucas Haldeman and Fifth Wall's Brendan Wallace (iStock)
National News Analysis

What SmartRent’s $2.2B SPAC means for multifamily

As pandemic-challenged apartment landlords scrambled to cut costs, SmartRent CEO Lucas Haldeman’s phone lit up. The owners were eager...

What SmartRent’s $2.2B SPAC means for multifamily
Glenn Sanford (Photo courtesy of eXp Realty)
National Issue

The Closing: Glenn Sanford

Glenn Sanford built a multibillion-dollar residential brokerage in his own, untethered image. Sanford, a former top producer at Keller Williams, founded eXp Realty in 2009 with the ambition to build the first fully virtual...

The Closing: Glenn Sanford
Fifth Wall’s Brendan Wallace (right) and Andriy Mykhaylovskyy (Facebook/Fifth Wall; iStock)
National

Fifth Wall launches third SPAC to raise $250M

Venture capital firm Fifth Wall is launching another blank-check company — the third the company has founded since the...

Fifth Wall launches third SPAC to raise $250M
Gores Group’s Alec Gores and Dean Metropoulos with Sonder CEO Francis Davidson (Getty, Linkedin)
National

Sonder considers going public via SPAC

Add hospitality startup Sonder to the list of companies getting in the SPAC game. The San Francisco-based firm, which leases apartments and turns them into furnished, short-term rentals, is in talks to go public...

Sonder considers going public via SPAC
From left: Bow Capital's Vivek Ranadivé, Shaquille O’Neal and WeWork's Sandeep Mathrani (Getty)
National

WeWork to go public in $9B SPAC deal

If at first you don’t succeed, try, try again: Two years after its failed IPO, WeWork has struck a deal to go public with a special-purpose acquisition company. The merger with BowX Acquisition Corp....

WeWork to go public in $9B SPAC deal
Offerpad's Brian Bair, Zillow's Rich Barton and Opendoor's Eric Wu. (Offerpad, Zillow, Opendoor)
National

How the “Big Three” iBuyers stack up

Until recently, iBuying was largely a two-horse race. Now, Offerpad’s decision to go public in a $3 billion SPAC deal has put rivals Opendoor and Zillow on notice. The deal, with a blank-check firm...

How the “Big Three” iBuyers stack up
Clockwise from left: Henry Silverman of Athos Capital Partners, William P Lauder of the Estée Lauder Companies, Andrew Farkas of Island Capital, Jeff Blau of Related Companies and Andrea Olshan of Seritage Growth Properties (Getty)
National

Island Capital’s Andrew Farkas launches $250M SPAC

Billionaire real estate investor and yacht enthusiast Andrew Farkas is sailing into the SPAC race. Farkas, the founder of...

Island Capital’s Andrew Farkas launches $250M SPAC
Cushman & Wakefield CIO Nathaniel Robinson and CEO Brett White (iStock)
National

Cushman launches $250M SPAC

Yet another major real estate firm is jumping on the blank-check bandwagon. Cushman & Wakefield has formed a special-purpose acquisition company, C&W Acquisition Corp., that aims to raise $250 million from investors to take...

Cushman launches $250M SPAC
Howard Lorber and Steve Witkoff (Getty, iStock)
National

Lorber, Witkoff launch $250M SPAC

Frequent business partners Howard Lorber and Steve Witkoff have a new project, but it’s not a condo or hotel. It’s a SPAC. The developers’ Ocean Drive Acquisition Corp. is looking to raise $250 million...

Lorber, Witkoff launch $250M SPAC
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