New #WeWork CEO, @SandeepMathrani, bragged on #CNBC today about having $4 billion in untapped liquidity to pay its bills before revealing he's paid only 80 percent of their lease obligations. He also thinks demand for office space will increase because of the need for social distancing (read: physical distancing). We also know #wework is receiving only 70 percent of the rent owed them from their tenants. He's a lousy negotiator IMNSHO. He talks to damn much. I expect that $4 billion isn't going to last very long. It's kind of a petri dish anyway.
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Misfits and Miscreants
"Be always negotiating another new agreement."
-- Steve Miller
80 to 90 percent of malls might close for good.
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