Nothing could prepare WeWork for what was to come—the coronavirus pandemic, along with the subsequent withdrawal of a $3 billion share buyout from Tokyo-based conglomerate SoftBank Group Corp. Now, experts say WeWork’s corporate earthquake could crater the company.
With the COVID-19 pandemic hitting nursing home operators hard, a bleak outlook looms over the seniors housing sector in the short- to medium-term, according to industry sources.
In this episode of Common Area Podcast, David Bodamer speaks with Adam Hooper, the founder and CEO of RealCrowd. Together, they discuss the impact that COVID-19 is having on commercial real estate, which was in a fairly strong position prior to the pandemic.
A California developer has claimed the coronavirus lockdown is an act of God in an acquisition dispute, reports Reuters. Small businesses are having trouble accessing government cash, according to The New York Times. These are among today’s must reads from around the commercial real estate industry.
