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