Real Estate

WeWork founder Adam Neumann is making efforts to repurchase the company as it grapples with financial challenges, needing up to $400 million in funding to avoid bankruptcy. Neumann's real estate firm is prepared to outbid any other offer by 10%, while Neumann himself has submitted a bid of over $500 million to buy back the company.

A man who previously rented an apartment in Tokyo found himself in a tax predicament when a tax inspector informed him he owed back taxes due to a withholding failure. The apartment's owner, a foreign national without a legal domicile in Japan, triggered an investigation as more foreigners are investing in Japanese real estate, leading to potential tax omission cases for renters.

Over 30 houses in a village in Ramban district, India, are feared to be damaged, cutting off over 60,000 people from the Gool sub-division due to a one-kilometer land subsidence on the Ramban-Gool road. The massive landslide has also damaged a 6 km road and affected vital projects like the Udhampur-Srinagar-Baramula Rail Link and the Sawlakote Hydel Project.

A Tasmanian construction company, Macquarie Builders Pty Ltd, was fined $115,000 after a worker sustained severe physical and psychological injuries from falling onto a star picket on a construction site in Kingston Beach. The incident, which occurred in April 2019, led to the company being found guilty of failing to ensure the worker's health and safety and not preserving the incident site.

Brisbane Lord Mayor Adrian Schrinner criticized the Australian government's decision to turn the Pinkenba quarantine facility into a police training center instead of repurposing it for the homeless, arguing that it would worsen the city's homelessness crisis. The federal government defended its decision, stating that the facility would be used for police training while retaining the ability to be redirected for emergency use if necessary...