WeWork Has ‘Substantial Doubt’ It Will Continue Operating | Entrepreneur
Who is WeWork?
WeWork, headquartered in New York City, operates as a provider of coworking spaces globally. With millions of square feet of space under its management, the company’s footprint spans 779 locations across 39 countries, including significant operations in the United States and Canada.
In the Dallas-Fort Worth (D-FW) area, WeWork’s ongoing presence underscores its commitment to remaining in the marketplace.
Peter Varellas, WeWork’s vice president of Global Real Estate, also emphasized the company’s dedication to maintaining its operational presence in North Texas, citing it as a priority market despite ongoing challenges.
WeWork’s counsel has filed objections accusing a subset of landlords of hindering its reorganization efforts. WeWork asserts its commitment to preserving jobs and maximizing shareholder value.
Nonetheless, certain landlords, including those associated with 1900 McKinney Harwood LLC and Williams Square, remain entangled in legal disputes over rental payments.
