Analysis

Landlords Saw WeWork Bankruptcy Coming

By Georgia Kromrei · November 7, 2023, 5:14 PM EST

As WeWork's bankruptcy further strains the troubled office sector, commercial real estate legal experts say some assets will suffer, but savvy landlords have long prepared for the WeWork flameout....

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Bankruptcy Scorecard

Summary

Workspace provider WeWork filed for Chapter 11 on Nov. 6 in New Jersey bankruptcy court with more than $10 billion in debt as it seeks to restructure its commercial office lease portfolio.

Case Number

2:23-bk-19865

Judge

John K. Sherwood

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$4.2 billion

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