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October 2, 2019

Does WeWork's Stumble Signal A Collapse For Coworking? Miami Could Hold The Key

Join Greystar, Paramount Ventures, Florida East Coast Realty and Dezer Development at BMAC South Florida Nov. 14

WeWork's failed IPO rollout and doubts about its underlying business model beg the question: Will the fallout spread to coworking, just as it has started taking up more and more of the office market?

For that answer, watch the city with the highest percentage of coworking in the country: Miami.

Does WeWork's Stumble Herald A Bigger Collapse For Coworking? Miami Might Have The Answer

Location Ventures CEO Rishi Kapoor, who is based in Miami and has ambitious worldwide plans for coworking and co-living with his URBIN concept, moved quickly to highlight differences in his business model.He sent a statement to investors: "We are not WeWork," he assured them. Coworking companies leased 270K…

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Here Come The Virgin Hotels

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Virgin Hotels — part of billionaire Richard Branson’s Virgin empire — will open an outpost in Miami’s Brickell neighborhood in 2023.The 40-story hotel will be developed with Blue Jay Capital, a South Florida private equity firm, and include 15 floors of furnished residential spaces in 150 micro and co-living units.Virgin…

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We Want To Know Your Thoughts On WeWork

We Want To Know Your Thoughts On WeWork

The We Company's withdrawal of its initial public offering this week came as little surprise to even the most casual business news follower.After splashing onto Wall Street with its first publicly disclosed financial prospectus on Aug. 14, the coworking company previously valued at $47B quickly saw both its reputation and the…

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Luxury Projects, 20 Towers, Planned For Hallandale Beach

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As beachfront land in Miami, Fort Lauderdale and Palm Beach has become built out, development is filling South Florida's in-between municipalities.Cities such as Hollywood, Dania Beach and Sunny Isles Beach have all experienced this trend. Next up: Hallandale Beach, which is sandwiched between Miami and Fort Lauderdale. Twenty towers are…

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WeWork's Landlords Aren't 'Going To Play Bank Anymore'

ATLANTA — Global coworking giant WeWork quickly became one of Atlanta's largest office occupiers with a string of big leases inked with various landlords, but the company's recent upheaval — from the resignation of its CEO to the withdrawal of its IPO — will have landlords being more cautious when dealing with the former office darling in the future.

“I think coworking is still a legitimate concept and platform,” Transwestern Managing Director Bradley Fulkerson said. "But just given [WeWork's] turmoil … I think it would give me some concern with them."

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The Reconstruction Of U.S. Healthcare Has Just Begun

 

A combination of technological change and the introduction of the Affordable Care Act, along with many efforts to control escalating costs, have already remade how U.S. healthcare professionals deliver care to patients, but these forces are not finished transforming the market. 

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The Crowdfunding Revolution Might Never Come To CRE

Crowdfunding has not coalesced into the influential force in commercial real estate some may have expected, and is at risk of being decimated by the next economic downturn.

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