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WeWork expects to emerge from bankruptcy by the end of May, predicting $8 billion in rental savings

Embattled co-working space provider WeWork says it expects to emerge from bankruptcy by the end of May, touting lease-restructuring efforts that it estimates will bring $8 billion in future rental savings. Cutting back on real estate costs has been a top priority for WeWork since the New York-based company filed for Chapter 11 bankruptcy in November. At the time, WeWork said that rental liabilities accounted for about two-thirds of its operating costs as it tried to renegotiate nearly all of its leases. ....

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WeWork Says It Could Exit Bankruptcy Next Month With $8B In Rent Savings

The company said it will exit 150 global locations and keep at least 300 under existing or renegotiated lease terms. ....

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WeWork to shrink downtown Durham office as coworking provider navigates bankruptcy

A pioneer of modern coworking, WeWork filed for Chapter 11 in the fall. ....

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WeWork Cuts Deals With 4 Landlords As It Burns Through Cash In Bankruptcy

WeWork, which lost $122M in February, has renegotiated terms on 25 leases and rejected 94. Talks at 173 other locations are ongoing. ....

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Adam Neumann offers to buy back WeWork for more than $500 million: Report

A representative for Neumann’s real estate company, Flow, confirmed that a bid was submitted, saying it exceeded the amount reported by the Journal. ....

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