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Denargo Market landlord sued by WeWork files its own suit over bond – BizWest

, a BizWest news partner.
WeWork’s jilted Denargo Market landlord is chasing the collateral.
The owner of the 86,000-square-foot building at 2323 Delgany St. last week sued Westchester Fire Insurance Co., the Pennsylvania-based company that issued the surety bond when WeWork leased the property in 2019.
WeWork never opened at the site, and last week’s lawsuit is the second to result. In January, WeWork sued WL Denver Delgany Owner LLC, alleging the landlord failed to provide the building in the proper condition. That litigation remains unresolved.
Surety bonds are funds that are put up to prevent a landlord from losses if a tenant fails to meet its obligations. ....

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WeWork sues landlord of never-opened RiNo location – BizWest

DENVER WeWork’s plans for a Denargo Market location have devolved into a lawsuit.
The New York-based coworking firm, which has scaled back its plans for the Denver market over the past 13 months, last week sued the owner of the 86,000-square-foot building at 2323 Delgany St.
WeWork signed a lease for the entire building in March 2019, but never opened. BusinessDen reported last May that WeWork had removed a reference to the planned location from its website.
The building is owned by WL Denver Delgany Owner LLC, previously described as a partnership between Denver-based EverWest Real Estate Investors and Chicago-based WHI Real Estate Partners. It paid $10.5 million for the property in January 2016, records show. ....

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