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Forum » SF exodus accelerating - mall and hotels give keys to the bank
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Thread: SF exodus accelerating - mall and hotels give keys to the bank

post 1684531273 06-13-2023, 07:42 AM
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SF exodus accelerating - mall and hotels give keys to the bank

https://www.foxbusiness.com/markets/...odus-continues

"Shopping center giant Westfield is walking away from its San Francisco Centre mall, becoming the latest major company to leave the California city amid rampant crime problems.

Westfield confirmed to FOX Business Monday that the company and partner Brookfield Properties earlier this month stopped making payments on a $558 million loan securing the San Francisco Centre property.

Westfield's move comesless than a week after Park Hotels & Resorts announced it had handed two prominent hotels back to the bank. The real estate investment trust said it was abandoning the Hilton San Francisco Union Square and Parc 55, saying the city's streets are unsafeand expressing doubts about the area's ability to recover.

Westfield says the mall wouldonly be 55% leasedwhen Nordstrom leaves – far less than Westfield's other U.S. malls, which are 93% leased, on average.

"The Westfield San Francisco Centre is arguable the heart of retail in San Francisco," Dennis told FOX Business. "Another massive loss for the worst managed city in America. What's scary is we're nowhere near the bottom.""



Lulz. The hollowing out will continue until morale improves.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1684531443 06-13-2023, 07:44 AM
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In for the chants of "if you take a loan you pay the loan".
post 1684531453 06-13-2023, 07:44 AM
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That’s racist.
post 1684531593 06-13-2023, 07:47 AM
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Originally Posted By Seatard⏩
In for the chants of "if you take a loan you pay the loan".
Or you say to the bank "take it, it's yours. Get a demolition crew ready."
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1684535793 06-13-2023, 09:05 AM
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mUh cAlIfOrNiA wEaThEr!!
Brazilian Jiu Jitsu purple belt

guns
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jiu jitsu
post 1684536223 06-13-2023, 09:12 AM
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i was just reading an article about the California governor saying nothing is wrong with the Bear state. All is good there. .
post 1684536383 06-13-2023, 09:15 AM
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In b4 hotel is occupied by squatters and the mall looks like the Dawn of the Dead
Here's to swimmin' with bow-legged women.
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post 1684536583 06-13-2023, 09:20 AM
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Turn them into safe spaces and hand out crack pipes
post 1684536763 06-13-2023, 09:24 AM
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Originally Posted By Seatard⏩
In for the chants of "if you take a loan you pay the loan".
or you know, return the collateral
post 1684537183 06-13-2023, 09:33 AM
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Originally Posted By ParsleyTea⏩
i was just reading an article about the California governor saying nothing is wrong with the Bear state. All is good there. .
Surplus reported in January. $30 Billion deficit reported in May. All good.
Net loss of 425,000 population in 2022. All good.
The governor threatened Walgreens with forcing them to close all of their stores (instead of the dozens they've chosen to close) if they obeyed laws of other states. All good.
Tent encampments lining city streets for a mile long. All good.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1684537623 06-13-2023, 09:42 AM
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Originally Posted By frankdtank20⏩
Surplus reported in January. $30 Billion deficit reported in May. All good.
Net loss of 425,000 population in 2022. All good.
The governor threatened Walgreens with forcing them to close all of their stores (instead of the dozens they've chosen to close) if they obeyed laws of other states. All good.
Tent encampments lining city streets for a mile long. All good.
All good indeed. And when you're finally ready to acknowledge that the homeless problem is out of control, just blame it on Republicans instead.






https://www.dailymail.co.uk/news/art...n-control.html
post 1684539653 06-13-2023, 10:20 AM
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It's interesting the mentality of leftists, **** like this happens, and they really don't have an answer for why it's happening, or they just ignore it, and talk about how everything is fine.

For example, I was bored, and went into a reddit, political forum. Talk about extremism, further left then individuals like Bodhy, Wincel, ****bag, Patty, etc.

I was banned in half an hr for having a different opinion.

They actually believed that Detroit was a safe, amazing city to live in......
post 1684540253 06-13-2023, 10:30 AM
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Originally Posted By frankdtank20⏩
Or you say to the bank "take it, it's yours. Get a demolition crew ready."
yup.
the property should be worth the value of the loan probably more and therefore debt is paid.

nobody wants a chitty liberal arts degree that cost $150k in exchange for the loan it took to get it.
post 1684540313 06-13-2023, 10:31 AM
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Originally Posted By Cleveland33⏩
or you know, return the collateral
he doesn't know.
post 1684540883 06-13-2023, 10:44 AM
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Originally Posted By Dave22reborn⏩
It's interesting the mentality of leftists, **** like this happens, and they really don't have an answer for why it's happening, or they just ignore it, and talk about how everything is fine.

For example, I was bored, and went into a reddit, political forum. Talk about extremism, further left then individuals like Bodhy, Wincel, ****bag, Patty, etc.

I was banned in half an hr for having a different opinion.

They actually believed that Detroit was a safe, amazing city to live in......
I joined Democratic Underground once and was banned after six posts. Dissent is not allowed there AT ALL.
It's a hot night. The mind races. You think about your knife: the only friend who hasn't betrayed you, the only friend who won't be dead by sunup. Sleep tight mates, in your quilted chambray night shirts.
post 1684540973 06-13-2023, 10:45 AM
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Gavin Newscum, like every other liberal politician admits there is a homeless problem and even after doctoring the numbers to lessen the amount but still manages to blame it on Arnie

Let's not forget that ****go7 head Newsom was also Mayor of San Francisco from 2003 to 2010 and Lieutenant Governor of California from 2010

https://www.dailymail.co.uk/news/art...n-control.html
'It's a disgrace': Gavin Newsom admits California's homeless situation is out of control but blames Republicans despite being in power for four years - during which time vagrancy has risen 13 percent

However, the decrease may in fact be due to a change in reporting methodology.

In 2005 the 'hidden homeless', those staying in temporary accommodation or at a friend's house, were counted.

This practice was stopped several years ago, meaning there may not be as significant a decrease as at first appears, Politifact suggests
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post 1684543223 06-13-2023, 11:16 AM
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Oy vey, give us your your crushed economies.
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Right wing politics is the new counter-culture.
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post 1684543413 06-13-2023, 11:20 AM
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Originally Posted By Bushmaster⏩
I joined Democratic Underground once and was banned after six posts. Dissent is not allowed there AT ALL.
I was even respectful and everything......oh well.
post 1684543563 06-13-2023, 11:23 AM
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Originally Posted By freeheeler⏩
Gavin Newscum, like every other liberal politician admits there is a homeless problem and even after doctoring the numbers to lessen the amount but still manages to blame it on Arnie

Let's not forget that ****go7 head Newsom was also Mayor of San Francisco from 2003 to 2010 and Lieutenant Governor of California from 2010

https://www.dailymail.co.uk/news/art...n-control.html
Hurr Durr, it's not my fault, it's the fault of people who were in office 20 years ago......
post 1684551553 06-13-2023, 01:22 PM
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Originally Posted By metroins⏩
Sounds like real estate prices should be going down.

I've never been to SF but living on the water in California must be nice. Just buy some ******** and leave it in needles around the street. The problem will be solved shortly. Leave them outside of methadone or suboxone clinics as well, need to get the relapsers.
I haven't been in a dozen years. Pretty, charming city back then.
Single-family house prices are volatile AF there, while they're still 10x more expensive than 25 years ago. That's been driven by world leading NIMBYism. 2020-21 San Francisco had 28,000 apartments/condos built and allowed a whopping 80 houses to be built.

In a couple of yrs SF will have less people than it did a century earlier. It used to be a place of openness, but it's become a place of complete intolerance.
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post 1684551693 06-13-2023, 01:25 PM
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Seatard getting his angus pounded ITT lmao
post 1684551723 06-13-2023, 01:25 PM
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Originally Posted By Seatard⏩
In for the chants of "if you take a loan you pay the loan".
Or, you forgo your collateral which in this case is what happened.
post 1684551783 06-13-2023, 01:26 PM
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Originally Posted By gwg77⏩
All good indeed. And when you're finally ready to acknowledge that the homeless problem is out of control, just blame it on Republicans instead.






https://www.dailymail.co.uk/news/art...n-control.html
Not even surprising. Demonrats entire political premise is pointing fingers at anyone other than those at fault.
post 1684553263 06-13-2023, 01:49 PM
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Originally Posted By freeheeler⏩
Gavin Newscum, like every other liberal politician admits there is a homeless problem and even after doctoring the numbers to lessen the amount but still manages to blame it on Arnie

Let's not forget that ****go7 head Newsom was also Mayor of San Francisco from 2003 to 2010 and Lieutenant Governor of California from 2010

https://www.dailymail.co.uk/news/art...n-control.html
LOL at how they changed counting the homeless so it was overcounted before. Many millions of people can tell you firsthand the homeless problem has exploded in recent years in SF. A decade ago Gavin Newsom as lieutenant governor said addressing homelessness was his #1 priority. He's been in the Governor's office since 2012. How has that worked out?

Along the coast it's all about exclusion, overregulation andmanagerial NIMBYism, which is why the high speed rail line was supposed to connect LA to SF a few years ago, but they're still years away from it even connecting some medium sized cities far inland. LA to SF? Maybe in 2040, and few hundred Billion over budget.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1684553793 06-13-2023, 01:58 PM
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Originally Posted By Seatard⏩
In for the chants of "if you take a loan you pay the loan".
sorry you still have to pay back your student loan, you could try bankruptcy?
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