DivcoWest Sues WeWork For $30M After Beleaguered Firm Abandoned Coworking Location

DivcoWest is suing WeWork for $30M after the coworking company left space it leased at a DivcoWest building in Manhattan and quit paying rent in December, The Real Deal reports.

The California-based landlord contends that WeWork owes it all of the rent due under the lease at 311 West 43rd St., which ran through 2032. The lawsuit alleges that WeWork didn`t send notice that it was leaving and didn`t remove its property from its 64K SF.

WeWork did not immediately respond to a request for comment Monday.

Earlier this month, WeWork said that it will renegotiate nearly all of its leases and that it would leave "unfit and underperforming locations." The company`s lease liabilities represent more than two-thirds of its total operating expenses...
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RSK: If it were me, I wouldn`t waste too much time and money on WeWork. Just get to subleasing and cut your losses...WW is going bankrupt anyway.