WeWork is reviewing about 100 leases around the globe and could pull out of some of them as it works to stem its losses, the company confirmed after a report from The Information. While no plans are final, the move could lead to additional layoffs.
- You can’t have your cake and eat it too: Chestnut Holdings is trying to boot the co-working company from its building at 49 West 27th Street. The landlord alleged WeWork violated the terms of its lease because of its new corporate structure and late rent payments. WeWork filed evidence to show it paid the $30,000, and a judge granted a temporary injunction to allow it to stay, Crain’s noted.
- Split screen: Ousted CEO Adam Neumann recently toured billionaire Dan Och’s penthouse at 15 Central Park West. The unit is on the market for $57.5 million, according to the NYPost.