Real Estate
The ink is barely dry on WeWork’s deal to buy the Lord & Taylor building in Midtown, but the co-working giant is already in talks to buy its next trophy property. WeWork agreed to buy the Blackstone Group’s London office complex Devonshire Square for around $785 million, Bloomberg reported. The British East India Company developed the 12-building, 620,000-square-foot campus between 1768 and 1820. Blackstone bought it in 2012 for around 340 million pounds, or around $450 million, and renovated it. WeWork plans to take over the management of the entire complex and hired Eastdil Secured to find an acquisition loan.

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