Quote:
Originally Posted by StoOgE
The likelihood that wecompany will resemble their current form in 18 months is zero. I don't think companies on the verge of semi-hostile takeovers from seed capital are in a position to build new HQs.
I think it's just a solid development that they got their hands on a sliver of
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The linked article (
https://therealdeal.com/2019/11/01/w...-building-buy/) is of interest only because it details a major problem troubling WeWork's real estate investment vehicle know as ARK. ARK holds whatever remains of the We Work Austin real estate investment. ARK is currently struggling with a big mess arising from the purchase of the old Lord and Taylor building on Fifth Ave. in NY. They paid way too much (maybe $200 million too much) and can't find any tenants for the property. ARK has to find a way out of this mess and will probably be selling assets to do so. I don't know who or what entity might be planning to build on the 4.7 acre Austin parcel, but I doubt it will be a We Company project when it is all over.
And then there is this:
https://www.nytimes.com/2019/11/02/b...®ion=Footer