WeWork is scrapping plans to move into a major Manhattan office it agreed to lease nearly two years ago. The struggling co-working firm was set to move into a 115,000-square-foot spread at Columbia Property Trust’s 149 Madison Avenue in Midtown South this year. Terminating the deal may now cost WeWork millions, Business Insider reported. WeWork had planned to retrofit the office, for which the landlord set aside $15.9 million. As the coronavirus spread, offices across
source https://therealdeal.com/2020/06/26/wework-abandons-big-manhattan-office-lease/
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