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A shift to remote working is likely to wipe off $800 billion from the value of office buildings in major global cities by 2030, according to a study published by consulting firm McKinsey on Thursday. ....
WeWork Inc on Tuesday said that Sandeep Mathrani would step down as the workspace provider's chief executive officer, effective May 26, while Sycamore Partners named him as a director to lead its real estate activity. ....
Japan's SoftBank Group Corp on Friday posted a sharply narrower annual loss after a capital raise using its stake in Alibaba Group Holding Ltd helped cushion investment loss at its Vision Fund investing arm. ....
Swedish builder Skanska reported a sharp fall in operating earnings for the first quarter on Thursday as soaring inflation and interest rates weighed on real estate markets, hitting its property development business. ....
WeWork Inc said on Tuesday that it had received a non-compliance notice from the New York Stock Exchange, as its stock closed below $1 on average over a consecutive 30 trading-day period. ....