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Five years after driving WeWork into the ground, co-founder and ousted CEO Adam Neumann has now hatched a plan to buy it out of bankruptcy. In a letter to WeWork’s advisers obtained by The New York Times, Neumann and his new real estate business, Flow Global, express interest in buying the co-working space solution — but claim WeWork has been ignoring attempts to get more information so they can come up with a bid. — The Verge
WeWork, meanwhile, is beginning to walk away from even more properties under the direction of new CEO David Tolley after announcing an initial list of 40 that would be relinquished in November. Neumann had cited outside scrutiny as his main reason for leaving the company in September... View full entry
After officially filing for Chapter 11 bankruptcy protection last week, WeWork has released a subsequent list of 40 “underperforming locations” across New York City that the company hopes to walk away from over the coming months pending court approvals. The news was first made public via the... View full entry
WeWork's tumultuous thirteen-year saga may be coming to an end soon, as now Reuters and the Wall Street Journal have reported on the company’s apparently imminent plans to file for Chapter 11 bankruptcy in New Jersey. The news was first reported by the WSJ early Tuesday, precipitating a dramatic... View full entry
WeWork co-founder Adam Neumann is once again making waves with the announcement of a new startup called Flow that’s being funded by early Airbnb investors Andreessen Horowitz and is promoting itself as a real estate startup that aims to revolutionize the residential housing industry. The... View full entry
![Adam Neumann and Bjarke Ingels. [Photo: Alexei Hay/courtesy WeWork]](https://archinect.gumlet.io/uploads/lw/lw39764empipikq3.jpg?fit=crop&auto=compress%2Cformat&enlarge=true&w=514 "Adam Neumann and Bjarke Ingels. [Photo: Alexei Hay/courtesy WeWork]")
Neumann says that in 2018, that will mean WeWork will build more buildings, some that reimagine what’s already there, like the Lord & Taylor project, and others that WeWork and Ingels will design in their entirety. Then, in 2019, the company plans to start creating “campuses”–essentially, WeWork on a neighborhood scale. That could look like a several-block radius where there’s a coworking space, coliving residence, and a school all clustered together, all operating under the WeWork umbrella. — FastCo
BIG has shared with Archinect the following press release: WeWork announces Bjarke Ingels as Chief Architect to advise and develop the firm’s design vision and language for buildings, campuses and neighborhoods globally. Bjarke will maintain his role as Founding Partner and Creative Director at... View full entry
WeWork’s inspirational mottoes—"Do what you love," "Thank God it’s Monday," among many others—its evangelical faithful, and gatherings like the summit all have religious echoes..."Start imagining it a bit bigger," Neumann says about WeLive, stoking his idyllic view, "an entire building. And then instead of having just one building doing it, five buildings doing it. Then you’ll be able to imagine what a WeNeighborhood or a WeStreet would be." — Fast Company
This in-depth profile of WeWork founder and (pro-capitalist) visionary Adam Neumann is worth the read. Whether you like to freestyle your work and life or prefer the centuries-old model of deeded quiet, WeWork (and now, WeLive) is making a previously unsustainable model profitable. Is Neumann just... View full entry
