WeWork files for bankruptcy protection. Here’s what it means for Sacramento.

WeWork Inc. filed for Chapter 11 bankruptcy protection in New Jersey bankruptcy court late Monday.

In a widely anticipated move, the New York-based coworking giant said it will work to reduce its debt through a restructuring support agreement with 92% of its noteholders.

As we've previously noted, the filing could have ripple effects in office markets around the nation — many of which are already coping with challenges stemming from the rise of remote work and a looming wave of loan maturities.…

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