WeWork could default on some of its real estate obligations, and owners of buildings in which the company occupies a significant amount of space should be concerned, real estate entrepreneur Don Peebles has warned. It's possible that WeWork will see a "significant pullback" in access to any kind of capital, Peebles said, adding it will likely need to give back property to stay in business. The CEO of Peebles Properties said he was concerned about what would happen if WeWork, an online platform for sharing office space, defaulted on its obligations to landlords.
WeWork could default on some of its real estate obligations, and owners of buildings in which the company occupies a significant amount of space should be concerned, real estate entrepreneur Don Peebles has warned. The CEO of Peebles Properties said he was concerned about what would happen if WeWork, an online platform for sharing office space, defaulted on its obligations to landlords.