WASHINGTON, D.C. — As WeWork tries to right its ship following its disastrous IPO attempt, it is opening several large, new spaces in the D.C. market that will add hundreds of thousands of square feet to its portfolio.
As it attempts to fill those spaces, it will do so with a radically different corporate outlook: The company is laying off 2,400 employees, has a new chairman and co-CEOs and is grappling with mounting losses: $1.25B in the third quarter alone.
Read Full Article: https://www.bisnow.com/washington-dc/news/coworking/wework-targets-large-users-as-it-opens-a-series-of-huge-new-dc-spaces-101896
Private Companies Have Another Year To Deal With New Lease Accounting Standards, And They'll Probably Need It
The Financial Accounting Standards Board has given U.S. private companies and nonprofits another year to start treating their operating leases as liabilities on their balance sheets. Now they have to do so beginning in their first fiscal year after Dec. 15, 2020, rather than after Dec. 15, 2019, as originally planned.
Read Full Article: https://www.bisnow.com/national/news/office/new-deadline-for-lease-accounting-is-2021-but-its-still-a-deadline-101586
Between them, Blackstone and Prologis have made more than $38 billion in warehouse acquisitions in 2019.
Blackstone Group Inc. and real estate investment trust Prologis Inc. are locked in an Amazon-fueled acquisition battle, gobbling up U.S. warehouse space in a bid to profit from rising consumer demand for fast shipping.
Read Full Article: https://www.nreionline.com/industrial/two-companies-are-dominating-battle-warehouse-space
Veteran-owned businesses are an important engine of economic growth. New research from Experian has found that veterans tend to own and operate business with a larger employee base, and veteran-owned businesses have better longevity and sustainability than non veteran-owned business.
Read Full Article: https://www.allbusiness.com/veteran-entrepreneur-programs-123839-1.html
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