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San Francisco is dealt another blow as Westfield walks away from downtown mall

Por: Los Angeles Times Business June 13, 2023

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The owners of the Westfield San Francisco Centre mall have stopped paying their loan and are giving up the property to lenders, adding to deepening real estate pain in a city struggling to bring back workers and tourists after the pandemic. The mall, co-owned by Unibail-Rodamco-Westfield and Brookfield Corp., has $558 million in outstanding mortgage debt. Management will be turned over to a receiver. The move comes a month after Nordstrom Inc.... + full article



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