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DivcoWest Sues WeWork For $30M After Beleaguered Firm Abandoned Coworking Location
DivcoWest wants all of the rent it would be owed through 2032.
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DivcoWest wants all of the rent it would be owed through 2032.
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The former Blackstone executive has been serving as WeWork's interim CEO since Sandeep Mathrani’s resignation in May.
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London offices are selling at big discounts.
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Owners of buildings where WeWork is a top tenant owe about $2.6B in CMBS debt.
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Despite the travails of WeWork, London's flex office market continues to perform, with new hot spots challenging the established office hubs.
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Yardi will fund $377M of the $450M WeWork is receiving to emerge from bankruptcy.
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Many of the new tenants are competitors of WeWork.
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In exchange for nearly $340M in new money, the property data company is expected to take a 60% stake in the coworking firm.
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A separate legal entanglement has led to the forced sale of Jonathan Larmore's retail portfolio.
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Former SF WeWork office hits the market for 70% discount
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