{"id":4547,"date":"2023-11-04T12:21:00","date_gmt":"2023-11-04T16:21:00","guid":{"rendered":"https:\/\/www.dgimlaw.com\/?post_type=media-coverage&#038;p=4547"},"modified":"2023-12-11T12:29:39","modified_gmt":"2023-12-11T17:29:39","slug":"wework-landlords-could-see-steep-losses-on-any-rejected-leases-in-bankruptcy","status":"publish","type":"media-coverage","link":"https:\/\/www.dgimlaw.com\/media-coverage\/wework-landlords-could-see-steep-losses-on-any-rejected-leases-in-bankruptcy\/","title":{"rendered":"WeWork landlords could see steep losses on any rejected leases in bankruptcy"},"content":{"rendered":"<p class=\"p2\">WeWork Inc. is <span class=\"s2\">expected to file for bankruptcy <\/span>as soon as next week, a move that could allow the embattled office-space provider to cherry-pick leases it wants to keep or reject, according to four restructuring experts.<\/p>\n<p class=\"p2\">A bankruptcy filing by WeWork <span class=\"s3\"><b>WE, -8.25% <\/b><\/span>might provide yet another shot at overhauling the former venture-capital darling, which once was <span class=\"s2\">valued at $47 billion <\/span><span class=\"s4\">and ranked as <\/span><span class=\"s2\">Manhattan\u2019s largest private office tenant<\/span>.<\/p>\n<p class=\"p2\">The company has been under fire since before the pandemic hit, which caused demand for office space to further freeze up. It lost an estimated <span class=\"s2\">$15 billion since the end of 2017, <\/span>according to a New York Times tally as of September. A month earlier, WeWork reported having <span class=\"s2\">substantial doubt <\/span>about its ability to stay in business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WeWork landlords could see steep losses on any rejected leases in bankruptcy. WeWork Inc. is expected to file for bankruptcy as soon as next week, a move that could allow the embattled office-space provider to cherry-pick leases it wants to keep or reject, according to four restructuring experts.<\/p>\n","protected":false},"featured_media":4510,"template":"","_links":{"self":[{"href":"https:\/\/www.dgimlaw.com\/wp-json\/wp\/v2\/media-coverage\/4547"}],"collection":[{"href":"https:\/\/www.dgimlaw.com\/wp-json\/wp\/v2\/media-coverage"}],"about":[{"href":"https:\/\/www.dgimlaw.com\/wp-json\/wp\/v2\/types\/media-coverage"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dgimlaw.com\/wp-json\/wp\/v2\/media\/4510"}],"wp:attachment":[{"href":"https:\/\/www.dgimlaw.com\/wp-json\/wp\/v2\/media?parent=4547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}