SF’s former Westfield Mall has lost nearly $1 billion in value 1.2B -> $290 million

[Spartan]

San Francisco’s biggest mall has now lost nearly $1 billion in value, it’s been revealed. The financial firm Morningstar Credit Analytics says that since 2016, the former Westfield Mall’s value has dwindled in worth, losing $910 million dollars in value.

As first reported in The Real Deal, the mall was recently appraised at $290 million. That’s significantly down from its $1.2 billion valuation in 2016, according to Morningstar.

There has been a series of high-profile store closures at the 1.45 million-square-foot property. Last summer, the mall’s anchor tenant, Nordstrom, closed after more than 34 years.

In June, Westfield, the company which had owned and operated San Francisco Centre on Market Street for more than two decades, pulled out. Westfield cited a steep decline in shoppers and “challenging operating conditions” as reasons for it pulling out.

Several other retailers have also ceased operating at the mall, which is currently at just 25% occupancy.

[Spartan]

dongamunda mayor ni adigite..pote poni....dantlo affordable housing kattinchukunta ani cheppindi.

[Sucker]

17 minutes ago, Spartan said:

dongamunda mayor ni adigite..pote poni....dantlo affordable housing kattinchukunta ani cheppindi.

Homeless ki shelter chedham analedha anna

[Spartan]

19 minutes ago, Sucker said:

Homeless ki shelter chedham analedha anna

ade avutadi chivariki

[VictoryTDP]

23 minutes ago, Spartan said:

dongamunda mayor ni adigite..pote poni....dantlo affordable housing kattinchukunta ani cheppindi.

And gaddi + syringes 💉 

[Moon_Walker]

2 hours ago, Spartan said:

dongamunda mayor ni adigite..pote poni....dantlo affordable housing kattinchukunta ani cheppindi.

Mari meeru 7 figure salary sampaadisthunnaru..so mee paina taxes penchuthaaru

[Konebhar6]

5 hours ago, Spartan said:

dongamunda mayor ni adigite..pote poni....dantlo affordable housing kattinchukunta ani cheppindi.

Oka bid vesey ... tala oka $100 vesi koneddam

[Konebhar6]

4 hours ago, Sucker said:

Homeless ki shelter chedham analedha anna

Thats the goal.

[Spartan]

13 minutes ago, Konebhar6 said:

Oka bid vesey ... tala oka $100 vesi koneddam

@Vaaaampire lanti vallani kalupuku vellali ilanti vatiki @Konebhar6

[Konebhar6]

4 minutes ago, Spartan said:

@Vaaaampire lanti vallani kalupuku vellali ilanti vatiki @Konebhar6

hehe ... 

The state of businesses in CA has gone to dogs really..esp SF city and Bay area...

[Spartan]

Just now, Konebhar6 said:

hehe ... 

The state of businesses in CA has gone to dogs really..esp SF city and Bay area...

chudu dani valuation

1b$ assam anta

[hydusguy]

4 hours ago, Spartan said:

ade avutadi chivariki

next.. evry hse oka room hmlss ki ivalani room pettali

[Konebhar6]

5 minutes ago, Spartan said:

chudu dani valuation

1b$ assam anta

Its very easy for these companies to declare bankruptcy. Actual people who lose are investors and shareholders.