WeWork has launched a bankruptcy proceeding that could potentially jolt several office buildings in the Bay Area.
WeWork gathering and kitchen area in the co-working company’s office at 333 West San Carlos Street in downtown San Jose, as seen in 2019.SAN JOSE — WeWork has launched a bankruptcy proceeding that could potentially jolt several office buildings in the Bay Area — especially if the co-working firm terminates leases as it seeks to reorganize its feeble finances.
“WeWork is requesting the ability to reject the leases of certain locations, which are largely nonoperational, and all affected members have received advanced notice,” the company stated in a prepared release concerning the bankruptcy case.
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