trending Market Intelligence /marketintelligence/en/news-insights/trending/pJxwcUW85uZp_t1pxXUnLQ2 content esgSubNav
In This List

Report: WeWork interviewing leasing brokers for Manhattan, NY, property


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Report: WeWork interviewing leasing brokers for Manhattan, NY, property

Coworking giant WeWork Cos. Inc. interviewed a leasing broker to help it lease its 12-story building at 424 Fifth Ave. in Manhattan, N.Y., to major office tenants, Crain's New York Business reported, citing several sources.

The We Co. unit is interviewing leasing brokers to weigh the property's leasing prospects to see if it would be worth more to sell the asset empty, partially full or 100% leased, the report added, citing a real estate executive who leases space to WeWork in New York City.

Another source denied that the coworking company has any immediate plans to sell the building, which it acquired from Hudson's Bay Co. for a total deal value of $850 million.

A WeWork spokesperson declined to comment on the matter, according to the report.

Earlier, WeWork's board reportedly gave the go-ahead to SoftBank Group Corp.'s takeover of the company.