WeWork Seeks to Drop One Lincoln Lease
One Lincoln owner Fortis Property Group faces another big office vacancy to fill if a bankruptcy court approves WeWork’s motion to reject the lease on its 241,000-square-foot coworking center.
One Lincoln owner Fortis Property Group faces another big office vacancy to fill if a bankruptcy court approves WeWork’s motion to reject the lease on its 241,000-square-foot coworking center.
WeWork, once the biggest name in coworking in Boston, plans to reject a lease for one of its locations next to South Station.
WeWork founder Adam Neumann, broadly blamed by commentators for the company’s failure, is reportedly trying to buy the company back as it limps into bankruptcy.
WeWork has had to make a post-bankruptcy adjustment to its signs in downtown Boston in this week’s editorial cartoon.
WeWork’s bankruptcy adds a new stress point to Boston’s Class A office sector already struggling to adapt to elevated vacancies and uncertain future demand.
WeWork said it entered into a restructuring support agreement with the majority of its stakeholders to “drastically reduce” the company’s debt while further evaluating its commercial office lease portfolio.
The end may finally be near for WeWork. To that, I say: Good riddance, and maybe we can look forward to a little less bunkum in a business world that’s been full of it.
WeWork is warning there’s “substantial doubt” about its ability to stay in business over the next year because of its financial losses and its need for cash, among other factors.
An office building across from Boston’s South Station will become life science research space after a developer confirmed no high-risk infectious disease research will be conducted.
WeWork will become a publicly traded company Thursday after a spectacular collapse during its first attempt to do so two years ago.
A development team looking to replace a giant coworking tenant with — what else? — lab space. The big challenge, though, is how to brand it?
The departure of anchor tenant WeWork is providing the impetus for the latest proposed office-to-lab conversion in downtown Boston.
In a move it said was aimed at meeting office tenants’ increasing preference for shorter, more flexible lease terms, commercial real estate brokerage Cushman & Wakefield announced a $150 million investment in coworking giant WeWork.
CBRE is plunking down $200 million for just over a third of Industrious, while Newmark taking over bankrupt Knotel in a $20 million debtor-in-possession deal. Are they truly on to something?
It’s been a rollercoaster year for Airbnb and its much-anticipated plans for an initial public offering or IPO. The home sharing platform had planned to file back in March to go public but then coronavirus hit and its revenue nose-dived.
Bill McCall likes to joke that he’s accurately predicted eight of the last four recessions in Massachusetts. His glass-half-empty perspective is influenced by his brokerage firm’s tenant advisory specialty in helping companies drive the best bargain with landlords.
As Boston’s second largest landlord, WeWork now faces possibly an even bigger challenge than just hanging onto tenants amid the worst downturn since the 1930s.
Suddenly, the most serious threat since the Great Recession looms over the hitherto-booming downtown Boston office market.
WeWork and Airbnb altered the way tenants look at property, the same way Uber and Lyft have upended the way passengers look at transportation
Japanese technology conglomerate SoftBank Group Corp. said its profit for the last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork.