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WeWork Sells Another Office It Bought In Its Hypergrowth Period
Hines will refurbish Film House after the building has been vacated by WeWork.
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Hines will refurbish Film House after the building has been vacated by WeWork.
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Andre Fernandez plans to exit the company on June 1.
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WeWork may get another boost from its longtime backer.
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In an investor letter Wednesday, WeWork released data on its occupancy and touted its growing market share.
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Reports of nonpayment and lawsuits alleging the same are stacking up as WeWork appears to hurtle toward bankruptcy.
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The coworking provider made the disclosure Tuesday afternoon in its Q2 earnings release, in which it reported a net loss of $397M.
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WeWork is still finalizing its plans to leave Russia more than 500 days after the country invaded Ukraine.
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WeWork’s doubts about its future come as Denver’s flex office market continues to contract.
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WeWork also added experts in bankruptcy to its board earlier this month.
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WeWork's Irish operations lost nearly €16.5M in 2022, but the accounts report the company as a going concern despite the parent's financial troubles.
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