Business

WeWork secured $ 1.1 billion loan from SoftBank

SoftBank has agreed to lend $ 1.1 billion to WeWork to help detect coronavirus-related disruptions, on top of the more than $ 10 billion it has already invested in the release property group, according to a memo that was sent by WeWork’s chief financial officer to employees on Thursday. WeWork …

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Manhattan rents 10% after coronavirus exodus

National Association of Home Builders CEO Jerry Howard is responding to New York City leasing as coronavirus concerns housing demand reform. The rental homes of Manhattan apartments collapsed last month by most in nearly nine years. According to a report Thursday from appraiser Miller Samuel Inc. and Douglas Elliman Real …

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