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