Good news for WeWork: It only lost $635M last quarter – Robert Khodadadian

WeWork lost $635 million in the second quarter — and that’s welcome news for the co-working company. It reported on Wednesday that losses improved 31 percent from a year before and that revenue grew 37 percent to $815 million. WeWork, which went public last year through a SPAC, has focused on cutting expenses and becoming profitable. Last year, WeWork CEO Sandeep Mathrani said he expected the company to start making money sometime in 2022. Barring

Robert Khodadadian is an experienced commercial real estate broker in New York City and founder of Skyline Properties. Skyline Properties specializes in off-market or “quiet” real estate transactions, allowing buyers and seller to bypass traditional avenues and extraneous expenses of high-profile listings in the New York City area. Commercial Real Estate, Cross Post, Home Page, Co-working, Sandeep Mathrani, WeWork The Real Deal New York Read More