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600 California in San Francisco, a building owned and occupied by WeWork where it has stopped paying rent.
News

WeWork Withholding Millions In Rent From Landlords Who Won't Negotiate

... haven't been receptive to its renegotiation efforts, a WeWork spokesperson told Bisnow.  "Our temporary actions are intended ... $1.5B in annualized rent payments through its renegotiations, WeWork's spokesperson said. "We have had numerous, productive ...

Jan 23, 2024
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154 W. 14th St. in Manhattan, where WeWork renegotiated its lease to shrink its footprint in the building
News

WeWork Reaches Deals With NYC, Boston Landlords To Keep More Locations Open

... such deal the company has struck during its bankruptcy, after WeWork reached a similar agreement with its landlord in Portland, ... with landlords remain ongoing. In January, it was reported that WeWork has withheld approximately $33M in rent payments, a move ...

Feb 27, 2024
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The terrace of The JACX, Tishman Speyer's 1.2M SF Long Island City office building, where WeWork has been a tenant since 2015.
News

WeWork Cuts Deal With Tishman Speyer To Hand Over 217K SF Coworking Space

... members and the landlords it partners with, the WeWork spokesperson said.  WeWork said that it is approaching each building on a ... lease structures and investment opportunities for its strongest assets.  WeWork has been a tenant in The Jacx since 2015, when ...

Nov 08, 2023
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WeWork Taps Cushman & Wakefield Exec As New CEO As It Exits Bankruptcy
News

WeWork Taps Cushman & Wakefield Exec As New CEO As It Exits Bankruptcy

... by the challenge that lies ahead.” Cushman & Wakefield and WeWork have for years had a close relationship. The brokerage ... became worthless when the coworking firm filed for bankruptcy. WeWork also partnered with Cushman & Wakefield to manage staffing for ...

Jun 11, 2024
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WeWork Building
News

WeWork Reports 'Substantial Doubt' Over Ability To Stay In Business

... year-over-year revenue growth and dramatic profitability improvements,” WeWork interim CEO David Tolley said in the release. “Excess ... Fernandez would also resign June 1. Kurt Wehner, previously WeWork’s chief accounting officer, replaced Fernandez as CFO. ...

Aug 08, 2023
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The entrance to a WeWork location in D.C.'s Navy Yard
News

WeWork CEO: Traditional Office Is The New Retail, And We're E-Commerce

... transforming the traditional commercial office landscape — putting WeWork front and center as the flexible solution,” Mathrani ... In the letter, Mathrani noted the differentiators between WeWork spaces and traditional office space: flexible payment structures, ...

Mar 29, 2023
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WeWork Faces Eviction Lawsuit After Vacating Chicago Loop Site
News

WeWork Faces Eviction Lawsuit After Vacating Chicago Loop Site

... a market with “oversupply,” according to WeWork CEO Sandeep Mathrani. A WeWork spokesperson declined to comment to Crain’s ... investors — private individuals — by filing the eviction lawsuit.” WeWork’s departure marks another hit for Chicago’s downtown office ...

Apr 17, 2023
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WeWork Closing 90K SF Gas Company Tower Location
News

WeWork Closing 90K SF Gas Company Tower Location

... to reach a deal with its landlord. WeWork will close the location at the end of ... t immediately respond to a request for comment. WeWork has reworked a handful of leases in Washington ...  planning a move into about 300K SF. WeWork's space accounts for about 6% of ...

Feb 22, 2024
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One Lincoln Tower
News

WeWork Moves To Shutter Its Largest Boston Location

... abandon the lease on May 31. A WeWork spokesperson wrote in a statement to Bisnow that ...  Bisnow's request for comment.  In February, WeWork tried to renegotiate the 15-year lease to ... according to the BBJ. At the time, WeWork had just reached over 1M SF in the ...

Apr 26, 2024
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The entrance to a WeWork location in D.C.'s Navy Yard
News

WeWork CFO To Step Down A Week After CEO's Surprise Resignation

... resignation was made public eight days after WeWork CEO Sandeep Mathrani announced he was leaving ... focus on executing against our business plan.” WeWork has lost more than 98% of ... usage and demand across the country. WeWork reported a net loss of $264M ...

May 25, 2023
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