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© 2022 Observer Media · Terms · Privacy

Sandeep Mathrani

Sandeep Mathrani is the CEO of the coworking company WeWork.

Mathrani was born in India and attended Eton boarding school in England before earning two master’s degrees from the Stevens Institute of Technology in Hoboken, N.J., and getting a job designing wastewater treatment plants. He switched to real estate in 1994, joining Forest City Ratner.

In 2002, he went to Vornado Realty Trust, where he stayed until he was hired by the shopping mall operator General Growth Properties to lead the Chicago-based REIT through bankruptcy in 2010. Mathrani raised $2.3 billion and recapitalized the company with another $6.8 billion to turn around GGP’s fortunes. It eventually was sold to Brookfield Property Partners for $14.8 billion in 2018, and Mathrani was named CEO of Brookfield’s retail group.

Mathrani was tapped to take over WeWork in early 2020, after the coworking operator experienced a tumultuous 2019 where an IPO rollout showed the company was far less profitable than many analysts believed, tens of billions of dollars were shaved off previous valuations, and the behavior of its previous CEO and co-founder, Adam Neumann, came under scrutiny.

Only a month after taking over WeWork, the COVID-19 crisis hit. The fallout from that has consumed Mathrani’s time at the company.

WeWork.
Players
New York City

WeWork Hires Andre Fernadez as Third CFO in Just Over Two Years

By Celia Young
WeWork
Industry
New York City

WeWork Made More Money Than It Lost for the First Time Since 2020

By Celia Young
Castle Beach Club.
Features
National

Sunday Summary: Miami Turns Up the Heat

By The Editors
Premium
A man at a railing smiling.
Industry
New York City

Sandeep Mathrani Replaces Marcelo Claure as WeWork Chairman

By Nicholas Rizzi
Premium
WeWork.
Industry
New York City

WeWork Is Still Losing Money, Just Not Quite as Much as Before

By Celia Young
Premium
WeWork.
Leases  ·  Office
New York City

Santander Bank Subleases 160K SF From WeWork at 437 Madison

By Mark Hallum
Premium
A man smiling with his hands in front of him on a railing.
Industry
Texas

WeWork Picks Up Flex Office Provider Common Desk

By Nicholas Rizzi
Premium
SAN FRANCISCO, CA - MAY 10: Adam Neumann Founder of WeWork speaks on stage at the WeWork San Francisco Creator Awards at Palace of Fine Arts on May 10, 2018 in San Francisco, California. (Photo by Kelly Sullivan/Getty Images for the WeWork Creator Awards)
Features
National

Sunday Summary: WeWork Gets Another Bite at the IPO Apple

By The Editors
Premium
A large open floor plan office space with colorful couches and large windows.
Industry
New York City

WeWork Goes Public Via SPAC Merger, Begins Trading on NYSE

By Celia Young
Premium
Illustration of someone scrubbing a big sign that says WeWork.
Leases  ·  Analysis
National

WeWork’s Road to Profitability Runs Through an IPO During the Pandemic

By Patrick Sisson
Premium
Future Forward conference.
Industry
Florida

Miami Is the Future Forward

By Julia Echikson
Premium
WeWork.
Industry
New York City

WeWork Sees Highest Monthly 2021 Revenue With September’s $228M

By Anna Staropoli
Premium
A WeWork location in Washington DC.
Industry
New York City

WeWork’s Revenue Dips, Net Losses Increase to $888M

By Nicholas Rizzi
Premium
A man at a railing smiling.
Industry
New York City

WeWork, Cushman & Wakefield to Form $150M Flex Workspace Partnership

By Nicholas Rizzi
Premium
An aerial view of Salt Lake City and some of its surrounding areas.
Finance  ·  CMBS
Utah

Brookfield Property REIT Taps CMBS Market for Utah’s Fashion Place Mall

By Mack Burke
Premium
A WeWork location in Washington DC.
Industry
National

IWG CEO: WeWork Needs ‘Miracle’ to Become Profitable, Warns of Profit Drop

By Nicholas Rizzi
Premium
A man smiling with his hands in front of him on a railing.
Features
National

Sunday Summary: Employees Gear Up to Return to Office as CEOs Put Foot-in-Mouths

By The Editors
Premium
A man at a railing smiling.
Industry
New York City

WeWork CEO Catches Flack After Saying ‘Least Engaged’ Workers Want to Stay Home

By Nicholas Rizzi
Premium

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