WeWork is seeking concessions from landlords to shrink its footprint and reduce debt, but this comes at a difficult time for the commercial real estate industry as vacancies already reach 20% in the US and cities like New York, San Francisco, and Boston are set to be hit the hardest.
Episode 188: Neal and Toby discuss why WeWork's bankruptcy could majorly disrupt the commercial real estate market. Plus, the guys share the biggest takeaways from entertainment and video games earnings reports and why Disney may be leaning on streaming to bring in cash. Neal shares his favorite numbers and Google's co-founder's 'Airship' is ready to take flight. And finally, why the Washington DC Pandas leave the Capitol on a first class flight back to China.
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