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WeWork
WeWork is a provider of shared office space and employer services, founded by Adam Neumann and Miguel McKelvey in Soho in 2010. The pair previously started GreenDesk, a similar space provider, based in Brooklyn and having a stated focus on ecological sustainability. WeWork office space, which comes with complimentary access to a variety of community areas and amenities, attracts freelancers and companies alike, especially those in tech. The firm counts start-ups like HackHands and Fitocracy among its successful "coworking" tenants. By June 2015, WeWork had a total valuation of roughly $10 billion after receiving a $5 billion valuation just six months before. The valuation made WeWork the third most valuable office landlord in the country, more than half the size of the largest, Boston Properties, whose co-founder Mort Zuckerman is also one of WeWork's best-known investors. The company's business model is not built on traditional building ownership, as WeWork leases space from other landlords for its thousands of co-workers in over 40 locations across the United States. A handful of locations abroad include three in co-founder Neumann's native Israel.
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05/24/18
...February, Industrious, another flexible workspace provider taking on WeWork, announced that Fifth Wall had contributed to a Series C funding round along with...
05/23/18
...would occupy the spaces.
Knotel, a rival to WeWork, landed another new lease earlier in May for 23,000 square feet in Savanna’s Chelsea...
05/22/18
...billion in companies. Nearly $5 billion was invested in WeWork and Compass. The Real Deal recently explored whether its investments in disruptive real estate...
05/22/18
...highest-valued real estate startup by a wide margin, WeWork, leases office space from landlords and subleases it to companies and freelancers for a...
...There have also been rumblings that co-working giant WeWork will soon offer similar short-term retail spaces, both within its co-working properties and in...
...shape expansion plans for its rivals, brokers said.
5. WeWork purchases the famed Lord & Taylor Building
While Nordstrom faces plenty of local competition...
...acknowledge the office trend’s impact on retail. WeWork grabbed headlines last October when it purchased Lord & Taylor’s flagship store in...
05/21/18
...Clark and Ryan Simonetti with One Liberty Plaza
WeWork rival Convene signed a lease for 93,000 square feet at Brookfield Property Partners’ One Liberty...
05/21/18
...to tech companies.
“Compass is a brokerage firm. WeWork is effectively a landlord. They’re getting the multiple of a very high-margin tech...
05/16/18
...December, recently led a $70 million funding round for WeWork rival Knotel.
Correction: an earlier version of the post incorrectly described Suozzi as a...
05/16/18
...the technology fund, which invested almost $5 billion to WeWork and Compass, could launch the new fund as early as next year, according to...
05/11/18
...Neumann and 214 West 29th Street (Credit: Getty Images)
WeWork is gobbling up even more space in Chelsea.
The $20 billion co-working company signed a...
05/11/18
...Clockwise from top left: WeWork hires Bjarke Ingels as its 'chief architect' (credit: Alexei Hay via WeWork), Michael Cohen...
05/10/18
...to Victoria’s Secret, Mercy College and a WeWork space largely occupied by Amazon. The building has had a string of high-profile owners...
05/10/18
...him started on the competition.
He’s accused WeWork employees of corporate espionage and occasionally parks a bus outside that company’s headquarters...
05/09/18
...in Beco comes as office services companies like WeWork and landlords race to collect and analyze data on office usage, with an eye...
05/08/18
...Neumann and Bjarke Ingels (Credit: Alexei Hay via WeWork)
UPDATED, May 8, 3:48 p.m.: WeWork hired Danish architect Bjarke Ingels as “chief architect,” as...
05/08/18
...side of the block at 106 West 56th Street. WeWork and Regus also have locations nearby on 57th Street.
The 57th Street site is...
05/08/18
...familiar with the deal.
The flexible-office company and WeWork rival has signed a seven-year lease to occupy the fourth and 10th floors of...
05/04/18
The kinds of large leases that reigned supreme over the Manhattan office market last year returned in April, helping push what was shaking out to...
05/03/18
...amenities the big kahunas of co-working, such as WeWork and Spaces, just don’t. Paragon, for example, announced it will be using blockchain...
05/03/18
...startups is waning among investors, the value of WeWork...
05/02/18
...was bolstered by SoftBank’s $4.4 billion investment in WeWork and $450 million infusion in Compass, according to research company RE:Tech.
“It’s an...
05/01/18
...Adam Neumann and Andrew Heiberger with 33 Irving Place
WeWork has shown interest in taking over Town Residential’s Union Square office as the...
05/01/18
...And read up on the quick success of WeWork competitor Knotel, which is worth $500 million and is now the city’s third-largest flexible...
WeWork, Co-Founder
115 W 18th St., 4th Floor, New York, NY, 877.902.0681
115 W 18th St., 4th Floor, New York, NY, 877.902.0681
Adam Neumann is the co-founder, with Miguel McKelvey, of WeWork, an office rental...
- Event Office Leasing
- Address 205 Hudson Street
- Neighborhood Tribeca
- Borough Manhattan
- Square feet 94,740
- Publication Date 05/01/2017
- Event Date 03/17/2017
- Party 1 Trinity Church Wall Street, Norges Bank Real Estate Management,Hines.
- Party 1 Brokerage Newmark Grubb Knight Frank
- Party 1 Broker David Falk, Peter Shimkin, Kyle Ciminelli, Ben Shapiro, Jonathan Franzel, Brittany Silver
- Party 2 WeWork
- Party 2 Brokerage Savitt Partners
- Party 2 Broker Michael Schoen
notes
WeWork, a shared workplace company, has signed a lease at 205 Hudson Street.
- Event Office Leasing
- Address 130 West 42nd Street
- Neighborhood Times Square
- Borough Manhattan
- Square feet 64,390
- Publication Date 04/01/2017
- Event Date 02/15/2017
- Party 1 China Vanke, Tribeca Associates
- Party 1 Brokerage JLL
- Party 1 Broker Mitch Konsker, Frank Doyle, Clark Finney, Betsy Buckley, Harlan Webster
- Party 2 Wework
- Party 2 Brokerage Newmark Grubb Knight Frank
- Party 2 Broker Lance Korman
notes
The co-working giant signed a lease.
- Event Office Leasing
- Address 142 West 57th Street
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 77,930
- Publication Date 03/01/2017
- Event Date 01/15/2017
- Party 1 L&L Holding Company
- Party 1 Brokerage L&L Holding Company, Mitsubishi Corporation, GreenOak Real Estate
- Party 1 Broker Andrew Weiner
- Party 2 WeWork
- Party 2 Brokerage JLL
- Party 2 Broker Peter Riguardi, Alexander Chudnoff
notes
The co-working giant signed a lease.
- Event Office Leasing
- Address 1328 Broadway
- Neighborhood Koreatown
- Borough Manhattan
- Square feet 122,000
- Publication Date 01/01/2017
- Event Date 11/17/2016
- Party 1 Sitt Asset Management
- Party 2 WeWork
- Party 2 Brokerage CBRE
- Party 2 Broker Derrick Ades, Barry Finkelman
notes
The co-working giant signed a lease.
- Event Office Leasing
- Address 135 East 57th Street
- Neighborhood Central Midtown
- Borough Manhattan
- Square feet 40,000
- Publication Date 01/01/2017
- Event Date 11/17/2016
- Party 1 Cohen Brothers Realty
- Party 1 Brokerage Cohen Brothers Realty
- Party 1 Broker Marc Horowitz
- Party 2 WeWork
- Party 2 Brokerage Savitt Partners
- Party 2 Broker Marc Schoen
notes
The co-working giant expanded its footprint.
- Event Office Leasing
- Address 311 West 43rd Street
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 66,000
- Publication Date 12/01/2016
- Event Date 10/15/2016
- Party 1 William Macklowe Company, Principal Real Estate Investors
- Party 1 Brokerage JLL
- Party 1 Broker Howard Hersch, Mitch Konsker, Clark Finney, Matt Astrachan
- Party 2 WeWork
notes
The coworking technology company signed a lease.
- Event Office Leasing
- Address 142 West 57th Street
- Neighborhood Midtown West
- Borough Manhattan
- Square feet 77,930
- Publication Date 10/01/2016
- Event Date 08/15/2016
- Party 1 L&L Holding, Mitsubishi Corporation, GreenOak Real Estate
- Party 1 Brokerage L&L Holding
- Party 1 Broker Andrew Wiener
- Party 2 WeWork
- Party 2 Brokerage JLL
- Party 2 Broker Peter Riguardi, Alexander Chudnoff
notes
The shared office space company signed a 16-year lease for the 6th, 7th, 8th, 10th, and 11th floors.
- Event Office Leasing
- Address 12 East 49th Street
- Neighborhood Midtown East
- Borough Manhattan
- Square feet 159,300
- Publication Date 09/01/2016
- Event Date 07/15/2016
- Party 1 Kato International
- Party 2 WeWork
notes
The shared office space company signed a lease.
- Event Office Leasing
- Address 135 East 57th Street
- Neighborhood Midtown
- Borough Manhattan
- Square feet 60,000
- Publication Date 06/01/2016
- Event Date 05/18/2016
- Party 1 Cohen Brothers Realty
- Party 1 Brokerage Savitt Partners
- Party 1 Broker Marc Schoen
- Party 2 WeWork
- Party 2 Brokerage Cohen Brothers Realty
- Party 2 Broker Marc Horowitz
notes
The co-working space company signed a 13-year lease.
- Event Office Leasing
- Address 404 Fifth Avenue
- Neighborhood Midtown
- Borough Manhattan
- Square feet 61,875
- Publication Date 05/01/2016
- Event Date 03/17/2016
- Party 1 Chetrit Group
- Party 1 Brokerage Newmark Grubb Knight Frank
- Party 1 Broker Howard Kesseler, Matthew Feigen
- Party 2 WeWork
notes
The shared office space company signed a 10-year lease for the 3rd through 7th floors.
- Event Office Leasing
- Address 524 Broadway
- Neighborhood Soho
- Borough Manhattan
- Square feet 75,000
- Publication Date 02/01/2016
- Event Date 12/23/2015
- Party 1 Tahl Propp Equities
- Party 1 Brokerage Cushman & Wakefield
- Party 1 Broker Bruce Mosler
- Party 2 WeWork
notes
The office space provider signed a lease will occupy the seventh through the 11th floors.
- Event Office Leasing
- Address 315 West 36th Street
- Neighborhood Hudson Yards
- Borough Manhattan
- Square feet 136,118
- Publication Date 06/01/2015
- Event Date 04/22/2015
- Party 1 SL Green Realty
- Party 1 Brokerage in-house
- Party 2 WeWork
- Party 2 Brokerage Hays Realty Services
- Event Office Leasing
- Address 1460 Broadway
- Neighborhood Times Square
- Borough Manhattan
- Square feet 180,000
- Publication Date 04/07/2015
- Event Date 02/26/2015
- Party 1 Himmel + Meringoff, Swig Company
- Party 2 WeWork
- Party 2 Brokerage CBRE
- Event Office Leasing
- Address 205 East 42nd Street
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 125,000
- Publication Date 01/01/2015
- Event Date 11/17/2014
- Party 1 Durst Organization
- Party 2 WeWork
notes
The office suite provider signed a 15-year lease to occupy seven floors. The reported asking price was $58 per square foot.
- Event Office Leasing
- Address 25 Broadway
- Neighborhood Financial District
- Borough Manhattan
- Square feet 86,000
- Publication Date 11/01/2013
- Event Date 09/22/2013
- Party 1 Brokerage CBRE
- Party 1 Broker Richard Levine, Gary Kamenetsky, Bruce Surry
- Party 2 WeWork
- Party 2 Brokerage WeWork
- Party 2 Broker Derrick Ades
notes
The collaborative workspace provider signed a 20-year lease on the entire ninth and 10th floors.
- Event Office Leasing
- Address 222 Broadway
- Neighborhood Financial District
- Borough Manhattan
- Square feet 120,537
- Price per foot $ 50.00
- Publication Date 05/01/2013
- Event Date 03/22/2013
- Party 1 L&L Holding
- Party 1 Brokerage L&L Holding
- Party 1 Broker David Berkey, Andrew Wiener
- Party 2 WeWork
- Party 2 Brokerage WeWork, JLL
- Party 2 Broker Mark Lapidus, Sean Black
notes
The collaborative workspace provider inked a 16-year lease for another office space, the New York Observer reported.
- Event Office Leasing
- Address 175 Varick Street
- Neighborhood Soho
- Borough Manhattan
- Square feet 75,000
- Publication Date 01/01/2012
- Event Date 11/22/2011
- Party 1 Extell Development
- Party 1 Brokerage Colliers International
- Party 1 Broker M. Myers, Eric Meyer, Richard Plehn
- Party 2 WeWork
- Party 2 Brokerage JLL
- Party 2 Broker Sean Black
notes
The provider of office space and community work space signed a new 15-year lease on the ground floor, the third floor through the fifth floor and the eighth floor. The company has three other Manhattan locations: at 154 Grand Street, at 349 Fifth Avenue and at 1 Little West 12th Street.
- Event Office Leasing
- Address 1-5 Little West 12th Street
- Neighborhood West Village
- Borough Manhattan
- Square feet 35,000
- Price per foot $ 55.00
- Publication Date 03/01/2011
- Event Date 01/20/2011
- Party 1 2 Ninth Avenue
- Party 1 Brokerage CBRE
- Party 1 Broker Sloane Rhulen
- Party 2 WeWork
- Party 2 Brokerage Coldwell Banker Commercial Hunter Realty
- Party 2 Broker Michael Okun, Richard Gottlieb
notes
The temporary office space provider signed a 15-year lease on the second through sixth floors.
Manhattan, 10005
RUDIN MANAGEMENT, 110 WALL STREET LP.C/O RUDINMGMT
RUDIN MANAGEMENT, 110 WALL STREET LP.C/O RUDINMGMT
110 Wall Street is a 294,629 square foot building in the Financial District...
12/21/16
...t see the firm as a competitor to WeWork, another provider of flexible work space. “They’re a replacement for your office,” he...
09/22/16
...Victor Luis and a rendering of 10 Hudson Yards, WeWork CEO Adam Neumann and 12 East 49th Street
Coach once owned its space at 10 Hudson...
07/11/16
...according to permit applications filed with the city. WeWork has already inked a 258,000-square-foot lease at Three Gotham Center. The development is across...
...Neumann
Net worth: $1.5 billion
41 West 11th Street
The WeWork co-founder may preach communal working, but for his living quarters he’s all about...
02/03/16
...space at 10 Hudson Yards in December? Or that WeWork inked a new contract for yet another "coworking" utopia (shocker)? These things and more...
01/26/16
...those molds is the co-working office space provider WeWork, which is now the 16th largest lessee of office space in Manhattan, with 1.44 million...
12/31/15
...appetite for rental housing, the explosive growth of WeWork, and, of course, a certain loudmouth mogul with a bouffant.
Read on for more...
12/29/15
...by Related in partnership with CBRE.
From left: WeWork...
12/28/15
...Properties’ office building, dubbed Dock 72. Co-working space provider WeWork plans to anchor the startup-focused building, leasing 220,000 square feet.
A predictive rendering of Manhattan's...
12/07/15
...Brooklyn Navy Yard which will be anchored by WeWork. In Manhattan, Aurora Capital and William Gottlieb Real Estate applied to build a 116,000-square-foot...
...of start-ups in New York, from Uber to WeWork to the rapidly growing fantasy sports website DraftKings.
With help from real estate data...
...The recreation room at WeWork’s space at 175 Varick Street in Soho
In New York City’s shared-office world...
...higher than January, driven in large measure by WeWork. The shared office space provider inked a deal for 240,000 square feet at 85 Broad Street...
...is the expansion of co-working spaces, brokers said.
WeWork, recently valued at $5 billion, has grabbed the most headlines, but there are many others...
...of 1.4 million square feet. Shared office space provider WeWork signed for 234,879 square feet of office space at 85 Broadway. The deal was Lower Manhattan's...
...of more than 506,000 square feet at 1675 Broadway and WeWork’s 240,000-square-foot new lease at 85 Broad Street. View the full report online here.
February...
