, a BizWest news partner.
WeWork’s jilted Denargo Market landlord is chasing the collateral.
The owner of the 86,000-square-foot building at 2323 Delgany St. last week sued Westchester Fire Insurance Co., the Pennsylvania-based company that issued the surety bond when WeWork leased the property in 2019.
WeWork never opened at the site, and last week’s lawsuit is the second to result. In January, WeWork sued WL Denver Delgany Owner LLC, alleging the landlord failed to provide the building in the proper condition. That litigation remains unresolved.
Surety bonds are funds that are put up to prevent a landlord from losses if a tenant fails to meet its obligations.
NationofChange The appeals court put the ball squarely in the court of the Biden administration to take action.
Image Credit: Fibonacci Blue, CC BY 2.0
Five Democratic lawmakers on Friday encouraged President Joe Biden to order an immediate shutdown of the Dakota Access pipeline after the
U.S. Court of Appeals for the D.C. Circuit last week delivered a victory to the Standing Rock Sioux Tribe by ruling that DAPL is operating
illegally.
“The appeals court put the ball squarely in the court of the Biden administration to take action.” Jan Hasselman, EarthJustice
The three-judge panel upheld (pdf) a lower court’s ruling that the U.S. Army Corps of Engineers (USACE)