November, 2023 - Wharton Property Advisors - NYC Office Space Lease Advisors

Bankruptcy Provides Another Lifeline for WeWork While NYC Landlords Shudder
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Bankruptcy Provides Another Lifeline for WeWork While NYC Landlords Shudder

NYC Office Space, ruth colp-haber, wework space nyc, Wharton Property Advisors

Bankruptcy Provides Another Lifeline for WeWork While NYC Landlords Shudder

In another blow to the office industry, co-working giant WeWork finally bowed to the inevitable after a total of $16 billion in losses and filed for Chapter 11 bankruptcy in Newark last night. This was a case that had its origins well before the pandemic, but the trend to remote work hastened WeWork’s fall. The […]

Bankruptcy Provides Another Lifeline for WeWork While NYC Landlords ShudderNYC Office Lease Consultants2023-11-14T14:26:58-05:00

The Anticipated WeWork Bankruptcy and its Larger Significance
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The Anticipated WeWork Bankruptcy and its Larger Significance

Wharton Property Advisors

The Anticipated WeWork Bankruptcy and its Larger Significance

As our well-informed readers know, the Wall Street Journal has reported that WeWork expects to file for bankruptcy next week. For now, the WeWork bondholders have entered into a seven-day forbearance of the grace period to declare a default in order to provide additional time for negotiations.

It has been evident for many years that WeWork’s […]

The Anticipated WeWork Bankruptcy and its Larger SignificanceNYC Office Lease Consultants2023-11-06T13:39:00-05:00