Houston Principal John Sparacino was quoted in ALM's GlobeSt publication, "WeWork Wants Out of Old Deals. Neumann Wants Back In." The article discusses the issues surrounding the company's restructuring efforts as they look to drop some leases, and force significant cuts in others though the bankruptcy process. According to John, “WeWork needed Chapter 11, no doubt about it, and Chapter 11 provides a lot of room for the very types of fixes that WeWork needs to potentially kind of come out and become a much more streamlined, much less debt-laden, and maybe more successful real estate company.”
The full article can be found here.
