Westfield Abandons Largest San Fran Mall, stops paying $558 Million Loan, leaves loan to creditors, but it would be great if that is the only problem...
San Fran commercial real estate is at 30% capacity, SF has the highest office vacancy rate in the US.
Wells Fargo business tower purchased for $108 million in 2006 sells for 71% discount in 2023.
Owners of Hilton San Francisco (1,921-rooms) Union Square and Parc 55 hotel (1,024-room) defaults on their loans handing, handing worthless property back to creditors and loses all equity.
Streets covered in human shit, shoplifting and crime in general completely out of control, opiate zombies roam the streets like the walking dead.
Thanks you Gov. Grusome.