The company filed for Chapter 11 bankruptcy in New Jersey as part of a “comprehensive reorganization” of the office space leasing giant. Source: Inman News
Posts published in “Sandeep Mathrani”
Fitch downgraded the commercial real estate firm from a CC to a C, meaning a default or “default-like” process has already begun. Source: Inman News
The struggling commercial real estate startup said that its leasing costs remain too high and it will look to exit underperforming locations. Source: Inman News
By WeWork’s own admission, it is unlikely to last as a company much longer. In order to survive, an earnings report said it would need…
After only three years, Sandeep Mathrani is leaving the CEO position. WeWork board member David Tolley will take over in the interim. Source: Inman News
The coworking behemoth posted a net loss of $299 million in the first quarter, a $205 million improvement from a year earlier, according to Q1…
The embattled coworking giant posted a 75 percent quarterly gain in earnings before interest, taxes, depreciation and amortization — but still shouldered $26 million in…
The co-working space lost $568 million in Q3, an improvement from the same period last year when it lost $802 million, according to earnings on…
Net loss decreased 31 percent year over year as office occupancy returned to pre-pandemic levels, according to a Q2 earnings report released Thursday by WeWork. …
WeWork reported revenues of $765 million, a 7 percent increase from the previous quarter and a 28 percent increase from the first quarter of 2021,…