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8 Nov 2023

From The Kobeissi Letter -> Bankruptcy documents show that WeWork, $WE, will immediately break 40 office leases in New York City

Documents also show that WeWork plans to break leases on 70 properties in New York City. Note that 40 of these locations are completely empty. Once a $47 billion company, WeWork still has 700 locations world wide. Could this bankruptcy worsen the commercial real estate crisis?


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