‘This Is Not the Way Everybody Behaves.’ How Adam Neumann’s Over-the-Top Style Built WeWork. – WSJ

Adam Neumann was flying high. Literally. His office-rental giant WeWork was months away from being valued at $47 billion. Revenue was doubling annually. And Mr. Neumann was zipping across the Atlantic Ocean in a Gulfstream G650 private jet with friends last summer, smoking marijuana. After the group landed in Israel and left the plane, the flight crew…

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WeWork Venture to Buy Lord & Taylor’s New York Flagship Store for $850 Million – WSJ

Real estate startup WeWork Cos. has struck a deal to acquire Lord & Taylor’s flagship New York City store for $850 million, a move that will convert the landmark building into the startup’s headquarters next year. The transaction, part of an effort by Lord & Taylor’s parent Hudson’s Bay Co. HBC +2.04% to reduce its debt, is the most dramatic…

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Real Estate Is Latest Target for Would-Be Disrupters – WSJ

A real-estate startup called Compass Inc. has hired hundreds of sales agents away from older rivals, collected $225 million from marquee investors and amassed a valuation of over $1 billion, all with the pitch that its software can make brokers more efficient. Real-estate veterans say they’re baffled by how the four-year-old firm, active in only…

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