The real estate industry has “committed suicide” by allowing WeWork to become the largest occupier of office space in New York , Washington DC , and London , according to billionaire property investor Sam Zell . It is not doing anything new and “every single company in this space has gone broke,” Frances Frei said. He also criticised WeWork 's corporate governance. Zell also said the real estate industry as a whole has "committed suicide," by allowing WeWork to buy up so many properties. The comments followed news that WeWork ’s amended prospectus revealed it has elected Sam Zell , a Harvard Business School professor and former Uber executive, to its board, and cancelled a deal to pay Frances Frei an additional $2 billion for the trademarked word “We”.
The real estate industry has “committed suicide” by allowing WeWork to become the largest occupier of office space in New York , Washington DC , and London , according to billionaire property investor Sam Zell . It is not doing anything new and “every single company in this space has gone broke,” Frances Frei said. He also criticised WeWork 's corporate governance. The comments followed news that WeWork ’s amended prospectus revealed it has elected Sam Zell , a Harvard Business School professor and former Uber executive, to its board, and cancelled a deal to pay Frances Frei an additional $2 billion for the trademarked word “We”.