💌 Newsletter Mentions

8 Results

✍️ Former Blackstone exec takes CEO role at WeWork

Reuters reports that David Tolley has been named as the CEO of WeWork to boost their turnaround efforts. David has been a WeWork board member since February 2023 and was interim CEO since May 2023 when Sandeep Mathrani stepped down (followed soon after by CFO Andre Fernandez).

I’m watching closely to see what moves WeWork will make under new (official) leadership. What do you think David should do? Better yet… what would YOU do?

💬 Discuss this · 🔗 Direct Link · ⏱️ 417 days ago · 📩 Week 42, 2023 · 🤝 Market Moves

🚀 TeX & Building OS firm raises funding from Blackstone and Kastle

In a press release, Adam Segal from cove announced the closing of a funding round for their tenant experience and building operating system platform from investors including Blackstone Innovations Investments and Kastle Systems.

💬 Discuss this · 🔗 Direct Link · ⏱️ 918 days ago · 📩 Week 23, 2022 · 💻 Workspace Tech

🤑 $7.6B take-private deal of business park REIT

Blackstone have agreed to buy PS Business Parks (for those who wanted to know, they’ll pay a 12% premium for $187.50 cash per share) to take the firm private.

The REIT (Real Estate Investment Trust) does operator business parks and office buildings, alongside industrial and multifamily properties. It’s also the 3rd REIT Blackstone has acquired this year.

And the reason I think this is interesting for us coworking folks, is that Blackstone will need to find a scalable way to activate the office buildings and business parks. An idea? Flex workspaces. Obviously.

💬 Discuss this · 🔗 Direct Link · ⏱️ 953 days ago · 📩 Week 18, 2022 · 📰 News & Views