Auction of struggling San Francisco Centre mall postponed

Quick Summary:

The property, previously anchored by a Nordstrom flagship that left last year and now more than $625 million in default, was set to be sold Thursday.

A slew of tenants have fled the struggling shopping center in recent years as crime escalated in the area.

Westfield handed over the keys to lenders last year.

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Article Details

Author / Journalist: Daphne Howland

Category: EconomyBusiness

Markets: United States

Topics: Announced Anchored Flagship Court Year Mall Francisco Last Property Centre Nordstrom

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-18 @ 12:10:00 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 330 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 23671474

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Official Website: retaildive.com

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News Last Updated: 21 hours ago

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