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WeWork Taps Adviser A&G Real Estate for Help Assessing Leases

Jan. 4, 2023, 7:54 PM

WeWork Inc. is working with advisory firm A&G Real Estate Partners to assess its leases and real estate as it seeks to cut expenses, according to people with knowledge of the situation who asked not to be identified because they aren’t authorized to speak about it.

The co-working company, which went public in a 2021 combination with special purpose acquisition company BowX Acquisition Corp., has racked up losses even as its revenues have grown. Its shares have declined more than 85% since their debut, and the company’s 7.875% bond due 2025 changes hands at 38.25 cents on the dollar, according ...