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WeWork’s New York City landlords owe combined total of $2.6 billion in CMBS (Commercial Mortgage-Backed Securities) debt, according to an analysis published by The Real Deal. The news comes in the wake of WeWork’s announcement of significant losses , prompting the company to renegotiate “nearly all” of its leases moving forward. Landlords that heavily invested in WeWork, such as Winter Properties and Walter & Samuels, are now facing dramatic repercussions.
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