Spurned WeWork Landlords Push Back as Rent Talks Heat Up
- Access to credit line guaranteeing rents one sticking point
- Bankruptcy is company’s latest attempt to fix balance sheet
A WeWork office space in Los Angeles.
Photographer: Patrick T. Fallon/AFP/Getty ImagesThis article is for subscribers only.
Some owners of WeWork Inc.’s more than 700 properties are objecting to the company’s plans to shut down many of its locations in bankruptcy.
Objections filed Tuesday, the deadline for such motions, pushed back on the company’s timeline for rejecting leases, and rules they say wrongly favor WeWork. For example, one landlord claims WeWork would retain the right to stay in a location, even after canceling a lease.