{"id":1004356784,"date":"2019-10-01T02:42:27","date_gmt":"2019-10-01T10:42:27","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004356784"},"modified":"2019-10-01T02:42:27","modified_gmt":"2019-10-01T10:42:27","slug":"wework-inks-51-ksf-orange-county-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wework-inks-51-ksf-orange-county-lease\/","title":{"rendered":"WeWork Inks 51 KSF Orange County Lease"},"content":{"rendered":"
\"\"<\/a>

Redstone<\/p><\/div>\n

A joint venture between Lincoln Property Co. and Angelo, Gordon & Co. has signed a 51,716-square-foot lease agreement with WeWork in Newport Beach, Calif. The coworking firm\u2019s space, slated to open in January, is set to span two floors of the largest building at Redstone, a 177,817-square-foot office campus.<\/p>\n

The coworking firm\u2019s new space is located at 4041 MacArthur Blvd., in the heart of Orange County. The building\u2019s owner plans to renovate the asset\u2019s common areas and add a caf\u00e9 and tenant patio spaces. The landlord intends to partner with WeWork to operate the new amenities.<\/p>\n

Yardi Matrix data from July shows some 2.1 million square feet of shared space within Orange County. WeWork was the largest coworking tenant across the metro, operating more than 25 percent of the space in the market.<\/p>\n

WeWork has faced a series of high-profile struggles<\/a> lately, stemming from the firm\u2019s rapid\u2014yet expensive\u2014global expansion without a clear path to profitability. Even amidst its major leadership shakeup, the firm continues to grow its footprint, evidenced by another newly inked, 362,000-square-foot lease<\/a> in Manhattan\u2019s Plaza District.<\/p>\n","protected":false},"excerpt":{"rendered":"

The coworking giant plans to open the Newport Beach space at the beginning of 2020.<\/p>\n","protected":false},"author":861,"featured_media":1004356787,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21742,21747,34267,15],"tags":[36132,36351,42461,32838,33678],"class_list":["post-1004356784","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-latest","category-office","category-orange-county","category-west","tag-angelo-gordon-and-company","tag-capital-improvement","tag-coworking","tag-lincoln-property-company","tag-wework"],"acf":[],"yoast_head":"\nWeWork Inks 51 KSF Orange County Lease - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/wework-inks-51-ksf-orange-county-lease\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WeWork Inks 51 KSF Orange County Lease\" \/>\n<meta property=\"og:description\" content=\"The coworking giant plans to open the Newport Beach space at the beginning of 2020.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/wework-inks-51-ksf-orange-county-lease\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-10-01T10:42:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/10\/Redstone.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jeff Hamann\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wework-inks-51-ksf-orange-county-lease\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wework-inks-51-ksf-orange-county-lease\/\",\"name\":\"WeWork Inks 51 KSF Orange County Lease - 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