WeWork paid 80% of its rent obligations and collected 70% from clients, CEO says

The coworking giant had leased 131,042 square feet at 745 Atlantic Ave., where landlord Oxford Properties Group says it has not paid rent since March......»»

"The remaining locations, we're just in discussions with our landlords in a friendly way, and therefore we plan to make whole on our entire obligation," WeWork CEO Sandeep Mathrani told CNBC on Monday......»»

Even when gaming revenues dropped by 30% during the pandemic, this company still collected all its rent......»»

A man paid $200.57 for one night at a famous NYC hotel, then lived there rent-free for years. Now he could go to jail......»»

A man paid just $200.57 for one night at a famous NYC hotel, then lived there rent-free for years. Now he could go to jail......»»

Mickey Barreto booked a one-night stay at the.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

The fourth Hawaii commercial rent survey covered the time period from January through March, which completed the year since the Covid-19 pandemic started......»»

AMC Entertainment Holdings Inc. CEO Adam Aron has a plan to address the movie theater chain’s pandemic-induced financial obligations and back rent: Issue as many as 500 million shares and use proceeds to buy back debt at a discount, or provide t.....»»

‘Six months ago, I became very frustrated and made a few spreadsheets: one documenting the rent I have paid over the last 10 years, one for all of the unpaid labor.’.....»»

‘Six months ago, I became very frustrated and made a few spreadsheets: one documenting the rent I have paid over the last 10 years, one for all of the unpaid labor.’.....»»

Some 87.5 percent of Dallas renters paid their February rent on time — a relatively solid number compared to markets nationwide and amidst the coronavirus pandemic and related spike in unemployment......»»

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Many of these companies were meeting nearly all their rent obligations the year prior......»»

"If you paid your rent and kept your good employees, you can come out of this okay. … If you were lazy from the beginning, you’re not going to make it,".....»»

Vorna… Realty Trust is refusing to pay the   The realty trust cut off payment in March, Vornado disclosed in its quarterly filing Monday. Since 2011 the publicly traded company has paid the city $2... To view the full story, click the title link......»»

Local industrial landlords do expect rent collections in May to decline up to 20% from April, the report said......»»

The state saw more than 72,000 new unemployment claims filed the week of April 18. City officials gave updated information on how many tenants have paid rent in April......»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»