Troubled WeWork projects savings of $8B through restructured leases
The bankrupt provider of coworking spaces is aiming to emerge from chapter 11 bankruptcy before June through the restructuring of hundreds of leases, company executives said Tuesday
by Ben Verde Apr 3
Bankrupt WeWork struggles to control losses, renegotiate leases
WeWork's United States and Canada operations lost $122M in February alone, according to bankruptcy filings
by Ben Verde Apr 2
Adam Neumann makes grand play to take back struggling WeWork
In a push to wrestle back the company he co-founded, Adam Neumann on Monday sent a letter to the co-working giant pressing it to sell its assets to Flow, Neumann's latest real estate endeavor
by Ben Verde Feb 6
WeWork asks bankruptcy court to hide 600K tenant names from rivals
Once valued at $47B, WeWork attorneys argue that releasing the names of its 600,000 clients would allow competing office landlords to poach customers
by Taylor Anderson Dec 19
Adam Neumann’s secretive new apartment scheme is now live
The WeWork founder quietly scooped up $1B worth of apartment buildings near the peak of the multifamily housing market. His first building is now in lease-up. Here’s what we know
by Taylor Anderson Dec 12
WeWork’s collapse presents an opportunity for other companies
Rather than a demise of coworking spaces, experts say WeWork's collapse presents a silver lining for other coworking companies and landlords facing higher vacancies
by Taylor Anderson Nov 14
WeWork, once thought to be the future of work, files for bankruptcy
The company filed for Chapter 11 bankruptcy in New Jersey as part of a 'comprehensive reorganization' of the office space leasing giant
by Ben Verde Nov 7
WeWork reportedly to file for bankruptcy as soon as next week
The company that once embodied the future of the workplace, which at its peak was valued at $47B, is reportedly considering filing a chapter 11 petition in New Jersey
WeWork downgraded again by Fitch as it skips interest payments
Fitch downgraded the commercial real estate firm from a CC to a C, meaning a default or 'default-like' process has already begun
by Ben Verde Oct 10
Amid losses, WeWork attempts to renegotiate 'nearly all' of its leases
The struggling commercial real estate startup said that its leasing costs remain too high and it will look to exit underperforming locations
by Ben Verde Sep 7
'Substantial doubt' that WeWork can stay afloat, company says
By WeWork's own admission, it is unlikely to last much longer. In order to survive, it would need to reduce lease costs and other expenses, increase revenue and find a source of additional capital
WeWork's Sandeep Mathrani steps down as CEO after 3 years at helm
After only three years, Sandeep Mathrani is leaving the CEO position. WeWork board member David Tolley will take over in the interim
by Marian McPherson May 17
WeWork takes bite out of losses as debt overhaul starts to pay off in Q1
The coworking behemoth posted a net loss of $299M in the first quarter, a $205M improvement from a year earlier, according to Q1 earnings data released Tuesday morning
by Ben Verde May 9
Forget Flow: These 'Rental Rewards' disruptors already flooded the zone
Former WeWork CEO Adam Neumann is getting into rentals and property management with his latest effort, Flow. But these renter-reward companies are already flooding the rental sector
by Taylor Anderson Mar 7
WeWork hits an earnings milestone in Q4 — but remains deep in the red
The embattled coworking giant posted a 75% quarterly gain in earnings before interest, taxes, depreciation and amortization — but still shouldered $26M in losses, according to Q4 earnings
by Ben Verde Feb 16