Twitter Evicted From Boulder Office In Latest Dispute Over Unpaid Rent
Under a barrage of lawsuits over nonpayment of office rent in the U.S. and UK, Twitter is being evicted from an office in Boulder, Colorado.
A Boulder County judge ordered the sheriff to remove Twitter from 3401 Bluff St. in Boulder, the Denver Business Journal reported. The order follows a complaint filed by Twitter’s landlord, an affiliate of The John Buck Co., last month. The judge’s May 31 order directs the sheriff to evict Twitter and is in effect for 49 days.
Twitter established a $986K letter of credit the landlord could draw from to pay rent, but the fund was not replenished in compliance with the agreement after the landlord withdrew the March rent.
In April, Twitter was served with a “demand for compliance or possession,” requiring it to either vacate the property or pay into the letter of credit. It did neither, the Business Journal reported.
Twitter declined to comment when reached by email Wednesday.
Twitter’s legal trouble stemming from failure to pay for its office properties is spreading. In December, the social media company was sued by landlord Columbia Properties Trust over $136K in unpaid rent at 650 California St. in San Francisco. The following month, the Crown Estate filed suit with the High Court in London for nonpayment of rent at a property in that city.
The company stopped paying rent at several properties after its high-profile, $44B takeover by Elon Musk last fall. Several top executives were fired at the time, and layoffs have occurred since then, along with other cost-cutting measures. Musk said the company’s financials were improving ahead of its Q1 earnings call in March, but as of 2022, the company is not profitable.
Twitter has maintained office space in Boulder since 2014, when it acquired Gnip, and it has several locations in the city. A cleaning company that worked at Twitter’s 1301 Walnut St. office last month filed suit in Boulder County Court, seeking $93K in unpaid cleaning fees.