Reports have emerged about disputes with contractors over bills related to the renovation of WeWork CEO Adam Neumann’s $10.5m Manhattan town house between 2017 and 2018. The Neumanns' battles with contractors all revolved renovation work done to their townhome, a four-story edifice built in 1847, the purchase of which was big news in the New York real estate world at the time. The New York Times reported that a contractor working on renovations for the building had been paid $90,000 in late 2017, but was not reimbursed until February 2018, when it received an additional payment of $8,000. Neumann and his wife appear to have settled at least two of the disputes in March, as WeWork was preparing to file for its IPO. The outcome of the other two cases is unclear.
Reports have emerged about disputes with contractors over bills related to the renovation of WeWork CEO Adam Neumann’s $10.5m Manhattan town house between 2017 and 2018. The New York Times reported that a contractor working on renovations for the building had been paid $90,000 in late 2017, but was not reimbursed until February 2018, when it received an additional payment of $8,000. Neumann and his wife appear to have settled at least two of the disputes in March, as WeWork was preparing to file for its IPO. The outcome of the other two cases is unclear.