WeWork is demanding immediate payment on outstanding fees from at least 800 member companies, something traditional landlords still aren't allowed to do.
WeWork is at risk of running out of money to stay current on its long-term debt.
WeWork confirmed to Bisnow it handed over management of the two WeLive locations in Crystal City and Manhattan to the landlords, JBG Smith and Rudin Management.
WeWork CEO Sandeep Mathrani laid down the gauntlet for any workers resistant to returning to the office in a podcast interview.
Over a year after a failed IPO resulted in an implosion and the ouster of CEO Adam Neumann, WeWork is exploring going public again, this time through a SPAC.
WeWork will introduce holograms for joining faraway speakers with audiences at panel discussions and events in 16 locations by the end of the third quarter.
WeWork shut down the space as part of its ongoing move to rightsize its portfolio.
A combination of lost memberships, lease exits and a massive settlement with Adam Neumann drove WeWork to a $2.1B loss in Q1, quadruple what it lost a year ago.
As more companies search for flexible office solutions, JLL in DFW strikes a broker-of-record deal with WeWork for eight local coworking sites.
By going public through a SPAC, WeWork is hoping to avoid the scrutiny that scuttled its IPO attempt. But its financial disclosures look like more of the same.
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