Tacorea restaurant owner David Lee describes being mentally drained by the crime wave, and says he hasnt received victim help from San Francisco leadership.
Shopping center giant Westfield is walking away from its San Francisco Centre mall, becoming the latest major company to leave theWestfield confirmed to FOX Business Monday that the company and partner Brookfield Properties earlier this month stopped making payments on a $558 million loan securing the San Francisco Centre property.
Shoppers leave the Westfield San Francisco Centre on April 13, 2022 in San Francisco, California. Westfield revealed Monday the company and partner Brookfield Properties are handing the property back to the bank. "For more than 20 years, Westfield has proudly and successfully operated San Francisco Centre, investing significantly over that time in the vitality of the property," the company said in a statement.
"Given the challenging operating conditions in downtown San Francisco, which have led to declines in sales, occupancy and foot traffic, we have made the difficult decision to begin the process to transfer management of the shopping center to our lender to allow them to appoint a receiver to operate the property going forward."
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