The Latest

Rich Gomel, chief investment officer of Two Sigma Real Estate platform (Crunchbase)
National

WeWork vet hired to launch Two Sigma’s real estate fund

The former head of WeWork’s real estate investment arm has joined the quantitative hedge fund Two Sigma to help...

WeWork vet hired to launch Two Sigma’s real estate fund
WeWork CEO Sandeep Mathrani. (Getty, WeWork)
National

WeWork will accept Bitcoin for membership fees

WeWork will begin to accept cryptocurrency, including Bitcoin and Ethereum, as a form of payment for its workspaces. The...

WeWork will accept Bitcoin for membership fees
Adam Neumann and the “Guitar House” in in Corte Madera (Getty, Realtor)
Los Angeles

Adam Neumann gets $22M for California estate

WeWork’s co-founder and ex-CEO Adam Neumann has sold his northern California estate for $22.4 million, according to the New...

Adam Neumann gets $22M for California estate
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
WeWork CEO Sandeep Mathrani (Mathrani/Wikipemedia, Getty)
National

WeWork lost $3B in 2020: report

Investors betting on WeWork’s second act just got a wake-up call. The co-working company lost $3.2 billion last year as the Covid-19 health crisis slashed the demand for flexible office spaces, the Financial Times...

WeWork lost $3B in 2020: report
Michael Gross (Getty, iStock)
National

Knotel to tap former top WeWork exec as CEO

Knotel is bringing on a WeWork veteran to help straighten out the bankrupt flex-operator. Former WeWork vice chairman Michael Gross will join Knotel as its chief executive, the Wall Street Journal reported. Gross’ first...

Knotel to tap former top WeWork exec as CEO
(iStock/Illustration by Alexis Manrodt for The Real Deal)
National

There are more agents than homes for sale

For-sale home inventory is shrinking in the hot housing market, but the number of residential real estate agents is rising. Just 1.04 million homes were on the market at the end of January, down...

There are more agents than homes for sale
(Getty, iStock, YouTube/Illustration by Alexis Manrodt for The Real Deal)
National

Hulu unveils trailer for new WeWork documentary

“When you tell a 30-something male he’s Jesus Christ, he’s inclined to believe you.” That’s a line from the...

Hulu unveils trailer for new WeWork documentary
WeWork CEO Sandeep Mathrani, Adam Neumann and SoftBank CEO Masayoshi Son (Getty/Illustration by Kevin Rebong)
National

WeWork and SoftBank settle lawsuit

The battle between WeWork and SoftBank is over. The beleaguered co-working giant and its co-founder and former CEO, Adam Neumann, have reached a legal settlement with SoftBank Group, Bloomberg News reported, heading off a...

WeWork and SoftBank settle lawsuit
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