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WeWork’s lease termination increase mortgage bond exposure to .5 billion

WeWork’s lease termination increase mortgage bond exposure to $2.5 billion

WeWork Inc.’s plan to terminate leases on at least 69 properties will add to the mortgage bonds affected by the coworking company shuttering locations, raising that total to $2.5 billion. And much more debt is potentially at risk. A WeWork logo is seen outside its offices in San Francisco, California, U.S.(REUTERS) WeWork, once valued at $47 billion, needs to slash costs and shore up its...

World’s most expensive city to face first rental slump in four years

World’s most expensive city to face first rental slump in four years

Bloomberg | | Posted by Singh Rahul Sunilkumar The longest rally in Singapore’s housing rents in a decade may be coming to an end. The city skyline is seen in Singapore.(AFP) The city-state’s residential rents may decline as much as 10% in 2024 after rising up to 15% this year, Bloomberg Intelligence analyst Ken Foong said in a report Wednesday. He said the drop may be even greater...

WeWork’s nosedive costs SoftBank billions, damages Masayoshi Son’s credibility

WeWork’s nosedive costs SoftBank billions, damages Masayoshi Son’s credibility

WeWork Inc.’s bankruptcy filing caps a years-long saga that revealed breathtaking flaws in the investment style of Japanese billionaire Masayoshi Son, damaging his professional reputation far beyond the money he lost. A WeWork co-working office space in New York, US, on Tuesday, Nov. 7, 2023. WeWork Inc. filed for bankruptcy, capping a tumultuous period that saw the once high-flying startup...

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