justice statue superimposed over courthouse columns
The Alliance is seeking 6 figures in damages from Ryan Weyandt, who resigned as CEO last year. Weyandt is also facing felony charges for alleged possession of explicit content of minors
by Marian McPherson Jul 28
WeWork is profitable again after working through its bankruptcy
The coworking behemoth says it is on a path to profitability after spending a year negotiating with landlords to eliminate $4B in debt and begin to turn a profit, according to a new report on Tuesday
by Taylor Anderson Jun 11
Commission advances keep some agents afloat while sinking others
Commission advance companies are booming as a lifeline for agents who can't afford to wait for closing day. While these services offer assistance, they often come with costly strings attached
by Richelle Hammiel Jun 4
Real estate investors ran $230M Ponzi ploy to recoup shareholders
Executives of investment firm iCap ran the scheme from 2013 to 2022, a federal bankruptcy judge ruled this week. They turned to the scheme when their real estate portfolio failed to yield results
by Marian McPherson Oct 18
Aspen Valley Ranch, Colorado property sold in pieces for $47M
Aspen Valley Ranch, previously owned by Tellurian co-founder Charif Souki, has been sold in pieces after hitting the market for $220M, 'The Wall Street Journal' reported on Thursday
by Richelle Hammiel Jul 19
Hometown Lenders' national expansion collided with rising rates
In bankruptcy court, the Huntsville, Alabama-based mortgage lender says it plans to repay creditors by claiming more than $20M in tax credits, clawing back $1M from warehouse lenders
by Matt Carter Jun 5
Adam Neumann drops bid to buy back WeWork
Neumann told 'The New York Times' DealBook that he will end his bid to reacquire the bankrupt coworking firm he founded
by Ben Verde May 29
WeWork creditors urge consideration of Neumann's offer
The company's unsecured creditors seem to be tiring of its piles of debt, and say that to not seriously consider the ex-CEO's generous bid on the company is 'inexcusable'
by Lillian Dickerson Apr 23
Troubled WeWork projects savings of $8B through restructured leases
The bankrupt provider of coworking spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday
by Ben Verde Apr 3
Bankrupt WeWork struggles to control losses, renegotiate leases
WeWork's United States and Canada operations lost $122M in February alone, according to bankruptcy filings
by Ben Verde Apr 2
Adam Neumann makes grand play to take back struggling WeWork
In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann's latest real estate endeavor
by Ben Verde Feb 6
LA sued for canceling Mohamed Hadid's spec home permits
J. Michael Issa of B. Riley Financial is alleging in a lawsuit filed in LA Superior Court last month that the city reneged on its word that permits on the property's building site were still active
WeWork reportedly to file for bankruptcy as soon as next week
The company that once embodied the future of the workplace, which at its peak was valued at $47B, is reportedly considering filing a chapter 11 petition in New Jersey
Gavel over one hundred dollar bills represents Newrez' settling a complaint
The company intends to sell 'substantially all of its assets,' including its technology platform to pay creditors that include thousands of retail investors
by Matt Carter Jun 28
Squabble in paradise: What'll happen to $256M in FTX real estate?
The US and Bahamian governments are jockeying to oversee the bankruptcy of crypto exchange FTX — and its trove of real estate holdings — after the arrest Monday of Sam Bankman-Fried
by Daniel Houston Dec 13