Tuesday 20 August 2019

WeWork landlord, spooked by scrutiny over IPO filing, sues to get out of lease

A landlord is suing to get out of a lease agreement with WeWork amid fears the co-working company can’t support its lease. The office space giant, whose parent the We Company is expected to go public next month, currently occupies multiple floors at 21-33 Irving Place in Manhattan. The landlord — identified as Belvedere Management Co. in property records — claims that when WeWork signed its lease in 2016 with a special purpose entity, it […]



source https://therealdeal.com/2019/08/20/wework-landlord-spooked-by-scrutiny-over-ipo-filing-sues-to-get-out-of-lease/

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