WeWork has grown from a single location in NYC 8 years ago to now being the largest single occupant of office space in New York with over 5.3 million square feet of office space. They have a massive enterprise valuation at $20B and they have yet to turn a profit. Even though they're big, the same math rules apply that would apply to a small business. On toda ... Show More
Oct 15
Trophy Assets Are Not Immune
On today’s show, we are examining one of the most seductive traps in all of commercial real estate: the trophy asset.For generations, institutional investors, sovereign wealth funds, and high-net-worth syndicators have chased iconic architecture. We look at postcard skylines—the ... Show More
5m 14s
May 2024
Downsizing WeWork with Smosh's Ian Hecox and Courtney Miller | 36
Can the office also be a party? Would you really want it to be? For WeWork’s CEO and founder Adam Neumann, the answer was an unequivocal, hell yes! Neumann propelled his co-working space empire to incredible heights and a valuation over $45B, all while throwing nonstop ragers, ho ... Show More
46m 30s