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WeWork Building
News

WeWork Turns To SoftBank, Yardi To Fend Off Takeover Bid From Adam Neumann

... attempt, offering to beat out competing offers and criticizing WeWork for ignoring its overtures.  “Flow and its financial ... is uniquely conflicted based on its insider information about WeWork's ongoing performance, and also extensive private information ...

Apr 18, 2024
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WeWork at 135 Madison Ave
News

WeWork Renegotiates 8 More Leases, Delays Financial Reporting Again

... -term success and look forward to continuing this momentum.”  WeWork is keeping its leases, with amendments to its contracts, ... Group, which acquired a Virginia building partially leased to WeWork last month, asked the judge overseeing the restructuring to ...

Mar 19, 2024
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WeWork Miami Beach 429 Lenox Ave
News

WeWork Could Reject Its First Miami Location During Its Bankruptcy

... during the restructuring process, which kicked off in November. WeWork is continuing to negotiate with the landlord to stay ... notices generally saw terminations occur on a shorter timeline. WeWork has been leveraging all available tools in its lease ...

Apr 16, 2024
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WeWork Plans To Reject 4 DFW Leases Next Month
News

WeWork Plans To Reject 4 DFW Leases Next Month

... on the specifics.  “We are in active negotiations with WeWork and [are] hopeful for a positive resolution,” the KBS ... and lease talks are ongoing at those properties. The WeWork spokesperson declined to provide any additional details about those proceedings ...

Apr 08, 2024
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WeWork exterior
News

WeWork Looks To Reject More Leases After Judge Approves First Batch Of Closures

... spokesperson added, but declined to provide any details. WeWork’s initial rejection list included 69 leases, mostly for ... our ongoing optimization efforts.” Landlords at properties with WeWork leases have been closely watching the lease rejection process ...

Dec 04, 2023
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The Interlock office building in West Midtown, Atlanta, where WeWork has shuttered its newly opened location.
News

WeWork Seeks To Reject Even More Leases As Bankruptcy Proceedings Trudge On

... ongoing optimization efforts." Four of the leases WeWork is looking to reject were ones it ... This is the third batch of leases WeWork has proposed to walk away from since ... process wrote in a court filing that WeWork's landlords have reported that "the tone ...

Jan 02, 2024
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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 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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