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From left: Masayoshi Son, chief executive officer, Softbank; Marcelo Claure, executive chairman, WeWork (Softbank, Getty Images, iStock/Photo Illustration by Steven Dilakian for The Real Deal)
National

WeWork’s Marcelo Claure to leave SoftBank: reports

UPDATED Feb. 2, 2022, 5:42 p.m.: Marcelo Claure is leaving SoftBank and WeWork amid a disagreement over his request...

WeWork’s Marcelo Claure to leave SoftBank: reports
Southport Acquisition Corp. CEO Jeb Spencer (TVC Capital, iStock)
National

New SPAC to target real estate startups

A new blank check company is entering the SPAC space, setting its sights on financial software startups focused on mortgage and real estate. Southport Acquisition Corp. priced an initial public offering on Friday. Inman...

New SPAC to target real estate startups
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

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
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