Amazon Buying Lord & Taylor Flagship

Rumor has it the amount Amazon is purchasing the former flagship from WeWork is to be $1.15 billion. This would give WeWork some much-needed capital (another rumor is that Softbank doesn't plan on bailing them out!). Another fun fact is that this would be Amazon's largest real estate purchase to date. According to the Post, the landmark building will become Amazon’s NYC headquarters and home to “several thousand employees in the coming years.” WeWork bought it for $850M back in 2017 and put $200M in renovating it.

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