This on the back of several other large property white flag wavers in past few weeks. seems companies can’t bail out of SF fast enough.
With malls in Democrat-malgoverned cities overrun with feral packs of Youth for Biden stealing & preying on the last of the paying customers, it’s no wonder failing malls are being handed back to the lenders, who will absorb huge losses & be stuck with white elephants.
— Don Johnson (@DonMiami3) June 12, 2023
Westfield is giving up its downtown San Francisco shopping mall and will surrender to its lender, the company said on Monday.
“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.”
www.youtube.com/watch?v=TtnjRZaCwYY
h/t CharlieFoxtrot