SPAC


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Gowanus Inn & Yard at  645-651 Union Street, Brooklyn, Sonder CEO Francis Davidson and Red Pine Principal Michael Federman (Google Maps, Sonder, Federman Steifman)

Sonder takes lease for 76-key Gowanus Inn

Short-term rental startup Sonder has inked another hotel lease, this one at its first Brooklyn location. The company signed a long-term lease for the entire 76-key Gowanus Inn & Yard at 645-651 Union Street,...

Sonder takes lease for 76-key Gowanus Inn
From left: Howard Lorber, Spencer Rascoff, Rob Speyer, and Steve Witkoff (Getty, Twitter)
National

The definitive real estate SPAC tracker

Blink and you’ll miss a new SPAC. With billions of dollars flowing into blank-check firms, a growing number of real estate players are targeting proptech. As an alternative to the traditional IPO, special-purpose acquisition...

The definitive real estate SPAC tracker
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

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