While WeWork hasn’t openly billed the program as a brokerage service, some in the industry view the move as a way to change the brokerage business—for the better.
According to Blaine Kelley, senior vice president of the global supply chain practice with CBRE, tenants will trade off all other physical features for proximity to customers, labor and suppliers.
Wells Fargo is looking to sell its Eastdil Secured holdings, reports the Wall Street Journal. Extended Stay America might spin off its real estate, according to Skift. These are among today’s must reads from around the commercial real estate industry.
