Re:WeWork parent pulls IPO following pushback: sources
by asdff on Tuesday September 17, 2019 @01:52AM
(#20992003)
If wework folds, owners of the buildings might just market leases to the existing tenants
Re:WeWork parent pulls IPO following pushback: sources
by alexis_fr on Tuesday September 17, 2019 @04:01AM
(#20992754)
I should create a business to facilitate the transition from WeWork to leases, for the landlords. In 2 months I’ll be an intermediary worth... about 2bn.
I’m joking, I’m sure the CEO already has a reversion clause in the lease contracts, that leases should fall in the hands of his 3rd company in case of WeWork bankruptcy.
Even if all those offices were the whole building (I think many (most) are just a subset of the floors that’s not much for the entire city.
Although it’d be interesting for all the people working in them, I wonder how that’d work out.