WeWork
WeWork is a provider of shared office space and employer services, founded by Adam Neumann and Miguel McKelvey in Soho in 2010. WeWork office space comes with complimentary access to a variety of community areas and amenities, and caters to freelancers and startups, especially those in tech.
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.
Backed by Masayoshi Son's SoftBank and hyped by then-CEO Neumann's grandiose rhetoric, WeWork's valuation eventually soared to $47 billion in 2019 in the runup to its planned IPO. But the offering collapsed after financial disclosures brought to light mismanagement, self-dealing and other financial shenanigans under Neumann's leadership.
In the wake of the failed IPO debacle, the firm's worth plunged to $9 billion, including debt. Neumann was ousted as CEO in late 2019 and replaced by former Brookfield Property Partners exec Sandeep Mathrani in early 2020.
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45 West 18th Street, 6th Floor, New York, NY, (646) 389-3922
45 West 18th Street, 6th Floor, New York, NY
- Event Office Leasing
- Address 370 Lexington Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 2,223
- Publication Date 01/10/2020
- Event Date 01/09/2020
- Party 1 Broad Street Development
- Party 1 Brokerage Broad Street Development
- Party 1 Broker Gayle Kennedy
- Party 2 One Search
- Party 2 Brokerage WeWork Space Services
- Party 2 Broker Matt Held
- Event Office Leasing
- Address 242 West 38th Street
- Neighborhood Garment District
- Borough Manhattan
- Square feet 3,300
- Publication Date 10/25/2019
- Event Date 10/23/2019
- Party 1 242 West 38th Street LLC
- Party 1 Brokerage HSP Real Estate Group
- Party 1 Broker Barry Bernstein
- Party 2 Refersion
- Party 2 Brokerage WeWork
- Party 2 Broker Eli Slutsky
- Event Office Leasing
- Address 437 Madison Avenue
- Neighborhood Plaza District
- Borough Manhattan
- Square feet 362,197
- Publication Date 10/04/2019
- Event Date 09/27/2019
- Party 1 the William Kaufman Organization
- Party 1 Brokerage Sage Realty Corporation, JLL
- Party 1 Broker Michael Lenchner, Frank Doyle, David Kleiner, Cynthia Wasserberger, Hayley Shoener, Harlan Webster
- Party 2 WeWork
- Party 2 Brokerage JLL
- Party 2 Broker Peter Riguardi, Howard Hersch
- Event Office Leasing
- Address 83 Maiden Lane
- Neighborhood Financial District
- Borough Manhattan
- Square feet 56,000
- Price per foot $ 44.00
- Publication Date 08/16/2019
- Event Date 08/13/2019
- Party 1 AHRC New York City
- Party 1 Brokerage Helmsley Spear
- Party 1 Broker Kent Swig, Andrew Simon
- Party 2 WeWork
- Party 2 Brokerage Helmsley Spear
- Party 2 Broker Kent Swig, Andrew Simon
- Event Office Leasing
- Address 83 Maiden Lane
- Neighborhood Financial District
- Borough Manhattan
- Square feet 56,000
- Price per foot $ 44.00
- Publication Date 08/16/2019
- Event Date 08/13/2019
- Party 1 AHRC New York City
- Party 1 Brokerage Helmsley Spear
- Party 1 Broker Kent Swig, Andrew Simon
- Party 2 WeWork
- Party 2 Brokerage Helmsley Spear
- Party 2 Broker Kent Swig, Andrew Simon
- Event Office Leasing
- Address 83 Maiden Lane
- Neighborhood Financial District
- Borough Manhattan
- Square feet 56,000
- Price per foot $ 44.00
- Publication Date 08/16/2019
- Event Date 08/13/2019
- Party 1 AHRC New York City
- Party 1 Brokerage Helmsley Spear
- Party 1 Broker Kent Swig, Andrew Simon
- Party 2 WeWork
- Party 2 Brokerage Helmsley Spear
- Party 2 Broker Kent Swig, Andrew Simon
- Event Office Leasing
- Address 620 Sixth Avenue
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 212,387
- Publication Date 05/30/2019
- Event Date 05/29/2019
- Party 1 RXR Realty
- Party 2 WeWork
- Event Office Leasing
- Address 419 Park Avenue South
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 67,858
- Publication Date 05/16/2019
- Event Date 05/14/2019
- Party 1 Walter & Samuels
- Party 2 WeWork
- Event Office Leasing
- Address 30 Wall Street
- Neighborhood Financial District
- Borough Manhattan
- Square feet 50,000
- Publication Date 05/16/2019
- Event Date 05/13/2019
- Party 1 Pyne family
- Party 2 WeWork
- Event Office Leasing
- Address 199 Water Street
- Neighborhood Financial District
- Borough Manhattan
- Square feet 201,231
- Publication Date 03/02/2019
- Event Date 02/27/2019
- Party 1 Jack Resnick & Sons
- Party 1 Brokerage Jack Resnick & Sons, Cushman & Wakefield
- Party 1 Broker Brett Greenberg, Adam Rappaport, John Cefaly, Robert Constable, Ethan Silverstein, Stephen Bellwood, Myles Fennon
- Party 2 WeWork
- Event Sales
- Address 424 Fifth Avenue
- Neighborhood Garment District
- Borough Manhattan
- Price $ 850,000,000
- Event Office Leasing
- Address 1450 Broadway
- Neighborhood Times Square
- Borough Manhattan
- Square feet 57,000
- Publication Date 02/16/2019
- Event Date 02/12/2019
- Party 1 Zar Group
- Party 1 Brokerage JLL, Zar Group
- Party 1 Broker Mitchell Konsker, Barbara Winter, Simon Landmann, Kip Orban, Bobby Zar, Michael Gleicher
- Party 2 WeWork
- Event Financing
- Address 424 Fifth Avenue
- Neighborhood Garment District
- Borough Manhattan
- Price $ 900,000,000
- Publication Date 02/16/2019
- Event Date 02/11/2019
- Party 1 WeWork
- Party 2 JPMorgan Chase, Starwood Property Trust
- Event Office Leasing
- Address 29 West 30th Street
- Neighborhood Nomad
- Borough Manhattan
- Square feet 19,500
- Publication Date 01/18/2019
- Event Date 01/16/2019
- Party 1 Kash Group
- Party 1 Brokerage Colliers International
- Party 1 Broker Christel Engel
- Party 2 WeWork
- Event Office Leasing
- Address 546 Fifth Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 20,270
- Event Office Leasing
- Address 185 Madison Avenue
- Neighborhood Garment District
- Borough Manhattan
- Square feet 28,500
- Publication Date 01/18/2019
- Event Date 01/16/2019
- Party 1 Hilson Management
- Party 1 Brokerage Savills Studley
- Party 1 Broker Andrew Zang
- Party 2 WeWork
- Event Office Leasing
- Address 49 West 27th Street
- Neighborhood Nomad
- Borough Manhattan
- Square feet 41,200
- Publication Date 01/18/2019
- Event Date 01/16/2019
- Party 1 Chestnut Holdings
- Party 1 Brokerage Newmark Knight Frank
- Party 1 Broker Eric Cagner, Bernie Weitzman
- Party 2 WeWork
- Event Office Leasing
- Address 1440 Broadway
- Neighborhood Midtown
- Borough Manhattan
- Square feet 236,000
- Event Retail Leasing
- Address 902 Broadway
- Neighborhood Flatiron
- Borough Manhattan
- Square feet 7,460
- Publication Date 12/10/2018
- Event Date 12/06/2018
- Party 1 Rosen family
- Party 1 Brokerage Koeppel Rosen
- Party 2 WeWork
- Event Office Leasing
- Address 160 Varick Street
- Neighborhood Soho
- Borough Manhattan
- Square feet 29,000
- Publication Date 12/03/2018
- Event Date 11/29/2018
- Party 1 Remainderman 160 Varick
- Party 2 WeWork
- Party 2 Brokerage Savitt Partners
- Party 2 Broker Michael Schoen
- Event Office Leasing
- Address 2 Herald Square
- Neighborhood Garment District
- Borough Manhattan
- Square feet 60,000
- Publication Date 12/03/2018
- Event Date 11/26/2018
- Party 1 SL Green Realty
- Party 2 WeWork
- Event Office Leasing
- Address 225 West 39th Street
- Neighborhood Garment District
- Borough Manhattan
- Square feet 16,000
- Event Office Leasing
- Address 1156 Sixth Avenue
- Neighborhood Grand Central
- Borough Manhattan
- Square feet 28,600
- Publication Date 12/03/2018
- Event Date 11/20/2018
- Party 1 APF Properties
- Party 1 Broker Newmark Knight Frank
- Party 2 WeWork
- Party 2 Brokerage WeWork
- Party 2 Broker Arash Gohari
- Event Office Leasing
- Address 67 Irving Place
- Neighborhood Gramercy
- Borough Manhattan
- Square feet 51,050
- Event Office Leasing
- Address 599 Broadway
- Neighborhood Soho
- Borough Manhattan
- Square feet 11,000
- Publication Date 11/03/2018
- Event Date 10/30/2018
- Party 1 ABC Management
- Party 2 WeWork