While it’s true that WeWork is now one of Macklowe’s tenants, it could soon be one of his competitors. The startup is preparing to launch an investment vehicle to buy its own real estate properties.
In October, investors pumped another $260 million into the company, raising its total venture capital to $1.7 billion and valuing the outfit at $16.9 billion.
Later that month, WeWork parted ways with executive vice president Sean Black after the leasing expert made disparaging comments about Jersey City, where the company had accepted tax incentives and plans to open a location in Journal Square.
Tags: billy macklowe, wework
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