WeWork is ditching a major Manhattan office it hasn't even moved into yet — and it's the first big step in a turnaround that's put its entire real-estate portfolio under review
Business Insider -

WeWork is cutting ties with a 115,000 square foot Manhattan location it leased almost two years and that it was set to occupy before the end of the year. 

The struggling coworking company has been in talks to renegotiate its rents and potentially dispose of locations for months, but this is the first major location shed so far by the firm. 

The deal could be an ominous sign that WeWork is readying to finally cull its vast portfolio in a way that could sink the office market with large blocks of...

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