)
WeWork, which lost $122M in February, has renegotiated terms on 25 leases and rejected 94. Talks at 173 other locations are ongoing.
)
The leases are the first two WeWork has sought to reject in the D.C. area since filing for bankruptcy in November.
)
The beleaguered coworking giant is seeking to renegotiate or exit hundreds of leases as part of its Chapter 11 bankruptcy proceedings.
)
WeWork aims to assume its lease at 448 N. LaSalle St., part of its efforts to restructure its real estate portfolio as it navigates bankruptcy proceedings.
){kind=logo}
John Santora has been tapped to fill David Tolley's shoes.
)
The planned lease assumptions include locations in Boston, Chicago, Denver, Houston, New York, San Francisco and D.C.
)
WeWork has opened a flagship office building in Dublin in the same week that it said it had completed its Irish and UK restructuring process.
)
WeWork notified the court that it would reject its Tower 49 lease on May 31.
)
The coworking sector saw 20% growth between December 2022 and May, with the 15 largest operators adding 252 locations during that period.
)
The new Workflow brand will be a coworking service offered by Neumann's residential company, Flow, and it is planning space in a new Flow building in Miami.
We're not asking for your money. This is not a step towards a paywall. Our news is free and we intend to keep it that way.