Since WeWork said last summer that it was at risk for bankruptcy, and then actually filed for Chapter 11, a big question in CRE was what would happen to the landlords. Should they cave to the demands for lower leases? Was there any real choice? And what would their lenders say?

Negotiations got notably tense. And then? Things reached their current state, as described by the Wall Street Journal, which found that WeWork has managed to cut 16% of its long-term lease costs, or $3.7 billion, through lease rejections, which U.S. bankruptcy rules allow, or amendments.

"Our goal when we started this [lease restructuring] was to keep every building that we could, with de minimis exceptions, because we have great build-outs, we have great locations, and we have great members," said Peter Greenspan, WeWork's global head of real estate, told the Journal.