WeWork CEO steps down
Started by 30yrs_RE_20_in_REO
over 5 years ago
Posts: 9819
Member since: Mar 2009
Discussion about
'/%3e%3c/g%3e%3c/svg%3e)
https://www.nytimes.com/2019/09/24/business/dealbook/wework-ceo-adam-neumann.html Will this help tank the commercial RE market? All of a sudden it seems like everyone is figuring out what I've been saying all along - their model doesn't make sense. Basically it eats all the risk for almost no return. In fact, their returns have been not only negative, but increasingly so. When they finally go under, what's going to happen to all the Real Estate they have been propping up? This is going to leave a fairly good sized crater which could suck in a decent amount of the Commercial Real Estate market in many locations.