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Mall operator abandons San Francisco amid retail exodus from city

Por: CBS News Business June 13, 2023

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Westfield announces plan to withdraw from San Francisco Centre Major mall operator Westfield has relinquished control of its San Francisco shopping center to its lenders, joining a growing list of companies exiting the city as it struggles with a rise in crime and high vacancy rates. Westfield's parent company stopped paying its $558 million outstanding mortgage, the San Francisco Chronicle . It will transfer the property's management... + full article



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