WeWork bankruptcy might jolt several Bay Area office properties

WeWork bankruptcy might jolt several Bay Area office properties

a year ago
Anonymous $Wk0x7O2ZQM

https://www.siliconvalley.com/2023/11/07/wework-bankrupt-real-estate-office-san-jose-oakland-east-bay-berkeley/

SAN JOSE — WeWork has launched a bankruptcy proceeding that could potentially jolt several office buildings in the Bay Area — especially if the co-working firm terminates leases as it seeks to reorganize its feeble finances.

The coworking company, which offered swank and hip office spaces to tech companies, startups and individuals,  stated in its bankruptcy filing that its debts totaled nearly $18.7 billion and assets of about $15.1 billion.