Bisnow reports on how Tishman Speyer reached a deal with WeWork to take back 217k sqft at The Jacx in Long Island City. The space will be operated by the landlords' Studio brand, with existing members being given the option to stay in the space for the duration of their previous agreement.

Interestingly members using WeWork's All Access and On Demand program will also be able to use the space, even after the transfer of ownership. Could this be a sign of a move the AA/OD teams are working on?