WeWork | Jotup

Armada Hoffler Commits to Retaining WeWork as a Tenant in Premier One City Center Building, Bolstering Innovation Hub in Durham, North Carolina

Retrieved on:

Tuesday, April 2, 2024

WeWork, Creativity, Tenant, City centre, Growth, One City Center, Heart, Ecosystem, Property management

“This mutually beneficial arrangement to retain WeWork as a tenant in our premier One City Center building underscores our commitment to promoting growth in the thriving region of Durham, North Carolina."

Key Points:

“This mutually beneficial arrangement to retain WeWork as a tenant in our premier One City Center building underscores our commitment to promoting growth in the thriving region of Durham, North Carolina."
Situated in the heart of Durham, One City Center has emerged as a premier hub for creativity and collaboration, attracting businesses eager to thrive in a dynamic environment.
This agreement not only ensures stability for both parties but also reinforces the status of One City Center as a premier destination for innovation in Durham.
Armada Hoffler looks forward to continuing its collaboration with WeWork and further contributing to the success of businesses in Durham, North Carolina.

WeWork Announces Substantial Progress in Real Estate and Financial Restructuring

Retrieved on:

Tuesday, April 2, 2024

Professional Services, Small Business, Other Professional Services, Commercial Building & Real Estate, Finance, Construction & Property, WeWork, Real estate, Property management

WeWork announced today it has determined a final path forward at 90% of the locations in its global real estate portfolio through amended leases, new management agreements, or via the lease rejection process.

Key Points:

WeWork announced today it has determined a final path forward at 90% of the locations in its global real estate portfolio through amended leases, new management agreements, or via the lease rejection process.
Since then, the Company has been working diligently to reach new lease terms more aligned with current real estate market conditions.
As a result of this dramatic reduction in future rent expenses and further improved operating efficiency, WeWork is on track to deliver strong and sustainable financial performance following the completion of its restructuring.
“The size, scope, and complexity of our real estate restructuring is unprecedented in our industry, and we’ve made remarkable progress to date optimizing our building footprint.

POSSIBLE TEAMS UP WITH NBCUNIVERSAL FOR ON-SITE HOSTING DUTIES

Retrieved on:

Monday, April 1, 2024

NEW YORK, April 1, 2024 /PRNewswire/ -- Beyond Ordinary Events, Inc. and POSSIBLE, the premier marquee marketing event, announced today Access Hollywood's Kit Hoover, Telemundo's Jessica Carrillo, and NBC6 News' Constance Jones are the newest hosts to join the anticipated lineup of speakers and leaders at POSSIBLE.

Key Points:

The Vision Hall is where business leaders come to ignite the industry's imagination and spark interesting discussions about the future of marketing.
"Kit, Jessica, and Constance will be vital assets to our team of hosts at POSSIBLE.
From their experience, they have their finger on the pulse of the cultural zeitgeist, making them in tune to all things POSSIBLE."
During the event, POSSIBLE will present 14 tracks of curated content, masterclasses, workshops, an exposition, an outside activation area, VIP networking, and entertainment.

Kindbody Continues Nationwide Expansion; Adds to Executive Leadership Team to Support Next Stage of Growth

Retrieved on:

Tuesday, March 19, 2024

Growth, CFO, SCRC, Lab, Patient, Ethics, History, Fertility, IPO, CLEAR, Aspen Dental, 1Life Healthcare, WeWork, Management

NEW YORK, March 19, 2024 /PRNewswire/ -- Kindbody, the leading national fertility clinic network and global family-building benefits provider for employers, today announced it expanded its executive team with the appointment of six executives with expertise in building successful healthcare companies and accelerating teams to the next stage of growth. The company is opening four additional markets in 2024 with clinics in Charlotte, Miami, Newport Beach, and San Diego. Today Kindbody is the largest women-founded, women-led fertility company serving employers and consumers.

Key Points:

The company is opening four additional markets in 2024 with clinics in Charlotte, Miami, Newport Beach, and San Diego.
The company saves employers 25%-30% by contracting with them directly to provide comprehensive virtual and in-person care to their employees.
As the direct provider of care, Kindbody is uniquely positioned to decrease cost, improve the patient experience, and deliver industry leading health outcomes.
Employers who wish to learn more about how Kindbody delivers the best patient experience and outcomes while reducing healthcare costs can contact [email protected] .

Flex is not dead: Why WeWork's collapse won't spell the end of the industry

Retrieved on:

Thursday, February 22, 2024

TEC, Necessity and sufficiency, WeWork, Multinational corporation, Culture, IPO, Bankruptcy, City, CBD

This expansion was driven more by the desire for quick scaling rather than actual market demand.

Key Points:

This expansion was driven more by the desire for quick scaling rather than actual market demand.
Its leadership faced criticism for opaque decision-making and misallocation of funds, leading to a loss of investor trust and market confidence.
The company's failed IPO in 2019 marked a turning point, shedding light on its overvaluation and questionable governance practices.
The flexible workspace industry shows significant long-term potential, and operators with strong foothold in the sector, such as The Executive Centre, will only grow stronger.

Armada Hoffler Reports Fourth Quarter and Full Year 2023 Results

Retrieved on:

Thursday, February 22, 2024

Acquisition, BBB, FFO, Interlock (engineering), WeWork, Investment, Growth, Sale, NOI, Ratio, GAAP, Normalization, Video game

Property segment net operating income ("NOI") of $39.3 million for the fourth quarter of 2023, which represents a 4.2% increase compared to $37.7 million for the fourth quarter of 2022.

Key Points:

Property segment net operating income ("NOI") of $39.3 million for the fourth quarter of 2023, which represents a 4.2% increase compared to $37.7 million for the fourth quarter of 2022.
Same Store NOI for the fourth quarter of 2023 decreased 6.0% on a GAAP basis and increased less than 0.1% on a cash basis compared to the fourth quarter of 2022.
During the fourth quarter of 2023, unrealized losses on non-designated interest rate derivatives that negatively affected FFO were $16.2 million.
FFO attributable to common stockholders and OP Unitholders for the fourth quarter decreased to $11.1 million compared to $29.4 million for the fourth quarter of 2022.

London's Flexible Workspace Sector Continues to Expand with Shoreditch/Old Street Experiencing 79% Increase in Desk Prices

Retrieved on:

Monday, February 26, 2024

WeWork, Growth, Liverpool Street, Central London, Aldgate, City, Fulham, Nightclub

A Flexible Office Rental Price Report from world's first flexible office broker Office Freedom property consultancy Carter Jonas, in collaboration with Carter Jonas, property consultancy, examines key drivers of the UK's flexible office market.

Key Points:

A Flexible Office Rental Price Report from world's first flexible office broker Office Freedom property consultancy Carter Jonas, in collaboration with Carter Jonas, property consultancy, examines key drivers of the UK's flexible office market.
Findings from the report indicate that despite WeWork's recent filing for administration, the flexible office industry remains well-positioned for growth.
Notably, over the last three years, Shoreditch/Old Street has seen a surge in desk prices.
Locations such as Reading, Aberdeen, and Cambridge are carving out significant niches in the flexible workspace sector.

Strategic Acquisition of WeWork by Rentberry and Berkeley Hills Capital

Retrieved on:

Friday, February 16, 2024

Rentberry, Acquisition, Ecosystem, SAN, PJT Partners, WeWork, Retail

SAN FRANCISCO, Feb. 16, 2024 /PRNewswire-PRWeb/ -- Rentberry, a leader in technology-driven property rental and management, today unveiled plans to explore the acquisition of WeWork, a flexible workspace provider that recently filed for Chapter 11 bankruptcy. This strategic move, backed by key venture capital funds, including Berkeley Hills Capital, is not just a business transaction but a vision to synergize WeWork's coworking spaces with Rentberry's innovative Flexible Living concept, heralding a new era in flexible working and living environments.

Key Points:

Strategic Acquisition of WeWork by Rentberry and Berkeley Hills Capital to Revolutionize Flexible Living and Working Spaces.
SAN FRANCISCO, Feb. 16, 2024 /PRNewswire-PRWeb/ -- Rentberry, a leader in technology-driven property rental and management, today unveiled plans to explore the acquisition of WeWork, a flexible workspace provider that recently filed for Chapter 11 bankruptcy.
This strategic move, backed by key venture capital funds, including Berkeley Hills Capital, is not just a business transaction but a vision to synergize WeWork's coworking spaces with Rentberry's innovative Flexible Living concept, heralding a new era in flexible working and living environments.
In this process, Rentberry has partnered with leading VC funds, including Berkeley Hills Capital, and is represented by Dentons LLP.

Tent México, A Coalition of 46 Companies, Launches With Shared Commitment to Connect Refugees and Migrants to Jobs in Mexico

Retrieved on:

Wednesday, February 7, 2024

Tent México is Tent's first national coalition to launch in Latin America, adding to existing coalitions in Canada, France, Spain and the United States.

Key Points:

Tent México is Tent's first national coalition to launch in Latin America, adding to existing coalitions in Canada, France, Spain and the United States.
* Only 7% of respondents in Mexico reported being less likely to buy from companies hiring refugees.
Tent México will provide a range of free services to companies that will support their efforts to connect refugees and migrants, of all backgrounds, to work.
We look forward to building upon this success and deepening our work with Tent to welcome even more refugees and migrants into the FEMSA workforce."

Mayor Johnson & World Business Chicago Announce 2024 Chicago Venture Summit Future-of-Food

Retrieved on:

Tuesday, January 30, 2024

Partnership, World Business, Foxtrot, WeWork, Environment, Ecosystem, Walton Street Capital, World Business Chicago, Region, The Future of Food, Entrepreneurship, Green, Woman, Airline

CHICAGO, Jan. 30, 2024 /PRNewswire/ -- Chicago Mayor Brandon Johnson, in partnership with World Business Chicago, announces the return of the Chicago Venture Summit Future-of-Food. As the leading hub for food production in the nation, Chicago boasts a thriving ecosystem encompassing traditional food giants, innovative startups, ingredient pioneers, and unparalleled talent. The event, scheduled for May 23, 2024, will be held at 167 Green Street, bringing together visionary entrepreneurs, savvy investors, and industry leaders at the forefront of technology-driven transformations shaping the food industry's future.

Key Points:

Chicago Region's Flagship Venture Summit Returns to 167 N. Green Street on May 23
CHICAGO, Jan. 30, 2024 /PRNewswire/ -- Chicago Mayor Brandon Johnson, in partnership with World Business Chicago, announces the return of the Chicago Venture Summit Future-of-Food.
"On behalf of the residents of our great city and its vibrant business community, I look forward to the 2024 convening of the Chicago Venture Summit, Future of Food," said Mayor Brandon Johnson.
Organized by World Business Chicago, the Chicago Venture Summit stands as one of the region's flagship innovation and venture programs.
"I'm immensely proud of the World Business Chicago team leading this effort," said Michael Fassnacht, President & CEO, World Business Chicago.