Market Extra
Two facets of WeWork’s business collide at 600 California St., and the building’s appraised value was recently chopped in half
WeWork’s role as tenant and property investor in San Francisco are in focus as the cash-burning company warns it might collapse.
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When WeWork this spring stopped paying rent at an office tower in the heart of San Francisco, it dealt an especially harsh blow to the building’s landlord.
That’s because WeWork’s real estate affiliate ARK Capital Advisors and its partners own the building, a brick, 20-story office tower at 600 California St., the main drag of San Francisco’s financial district.
The…
