One Year Postbankruptcy, WeWork Is Profitable, Mature And Growing Again

June 11, 2025 / no comments

WeWork emerged from its nine-month Chapter 11 restructuring one year ago as a private company free of debt. To get there, it had to undergo a massive purge — of both its real estate and its reputation. 
In making itself synonymous with coworking, the company had become bloated. At its 2019 peak, less than a decade after its founding, WeWork operated 850 locations.
Its rapid growth was fueled by a SoftBank investment that valued the company at $47B and a controversial CEO. When the pandemic hit, it was loaded with unprofitable, undesirable locations and the billions of dollars of rent payments and maintenance costs tied to them.

Retailers Zero In On River North As Foot Traffic, Development Spark Momentum

June 11, 2025 / no comments

More and more developers and tenants have been calling retail broker Deena Zimmerman to ask about opportunities in a resurgent submarket: River North. 
The sector is on a roll in the neighborhood, which boasts a lower vacancy rate than the city’s darling, Fulton Market. Buoyed by a diversified mix of asset classes that drive foot traffic around the clock, River North has fared better than other areas of a central business district dominated by office buildings that have struggled as workplace visitation has fallen, Chicago retail professionals told Bisnow. 
“I have retailers who are now laser-focused on River North where, I swear to…