Friday 20 March 2020

WeWork sues NY firm over botched development deal

WeWork is suing a New York firm to recoup a $20 million fee it paid for a San Francisco development. WeWork blamed Maximus, a firm led by Stellar Management alum Robert Rosania, for not not closing on WeWork’s proposed investment in the project and not returning an “exclusivity fee,” Crain’s reported. The embattled co-working firm had envisioned putting a WeWork and WeLive on the 150-acre, 3,000-unit campus. Maximus was planning to increase the unit count



source https://therealdeal.com/2020/03/20/wework-sues-ny-firm-over-botched-development-deal/

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