It is hard to find a real-estate boom that hasn’t ended badly for piggy-backers. WeWork, a self-proclaimed savior to problems that have historically besieged the office-rental real-estate model, has layered toppy asset prices with a whiff of tech to give it an eye-popping multiple. What could possibly go wrong? WeWork said Wednesday that it would boost its efforts to buy its own real estate, setting up a fund named ARK to be housed as an affiliate of the parent company. It is in part a way to keep Chief Executive Adam Neumann’s...

Source: Wall Street Journal May 15, 2019 21:22 UTC