Every weekday The Real Deal rounds up New York’s biggest real estate news. We update this page at 9 a.m. and throughout the day. Please send any tips or deals to tips@therealdeal.com This page was last updated at 9:00 a.m. WeWork’s biggest backer is taking a $5 billion writedown. The losses in SoftBank’s Vision Fund are being driven by WeWork and Uber, which has performed dismally since going public. SoftBank, which had already sunk $10 billion
source https://therealdeal.com/2019/10/25/wework-drives-5b-softbank-writedown-barneys-auction-is-cancelled-daily-digest/
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