Unibail-Rodamco-Westfield
Trust Exposure on San Francisco Centre Hits $351MM as Presidio Bay, Prado Group Abandon 1.5MM-SQFT Redevelopment Weeks Before Loan Maturity
Loan-level data from Morningstar Credit shows bondholders on the shuttered San Francisco Centre carrying $351.3 million of total exposure against a property with...
Presidio Bay Ventures and Prado Group Walk Away From San Francisco Centre Mall Redevelopment Deal, Returning Shuttered 1.5MM-SQFT Landmark to Market
Presidio Bay Ventures and Prado Group have abandoned their winning bid to redevelop San Francisco Centre, citing a failed ground lease renegotiation with...
Asia Live Lands 15,000 SQFT Anchor Slot at Westfield Valley Fair in Santa Clara
George and Cindy Wong-Chen’s pan-Asian successor to China Live takes over the shuttered iChina space as Unibail-Rodamco-Westfield doubles down on dining to defend...
Westfield Lists 101,700 SQFT Office Portfolio at 814-818 Mission Street in San Francisco
The vacant twin-building offering arrives with housing conversion on the table as the French conglomerate continues its retreat from the beleaguered downtown corridor....
Meridian Group & Fenway Capital Close $200MM Acquisition of 667,000 SQFT Office Tower at 415 Natoma in San Francisco’s SoMa
The deal, priced at roughly $300 per square foot, caps a debt-to-deed transfer for one of the city’s newest and most vacant office...
Presidio Bay Ventures and Prado Group Win Bid to Acquire 1.2MM SQFT San Francisco Centre for $130MM+
The San Francisco-based developers plan a mixed-use conversion of the shuttered downtown landmark that once held a valuation exceeding $1 billion, marking a...
San Francisco Centre Mall Sold to Lenders for $133MM, Signaling Fresh Start for Troubled Downtown Property
The distressed San Francisco Centre Mall has been auctioned to its lenders for $133 million, marking a potential turning point for the near-vacant...
Roseville’s Westfield Galleria Promenade to Get Mountain Makeover as Mall Adapts to Retail’s New Reality
The aging outdoor shopping district bets on Sierra aesthetic and dining over mixed-use vision The Westfield Galleria at Roseville is embarking on a...
The Long Goodbye: San Francisco’s Biggest Mall’s Auction is Delayed Again
A retail empire’s spectacular collapse reveals the deeper challenges facing America’s urban cores For nearly four decades, the San Francisco Centre stood as...
Westfield Eyes Housing Redevelopment for Vacant San Francisco Offices Adjacent to Former Mall
San Francisco’s downtown continues to face uncertainty as the city’s largest mall remains half-vacant. Now, its former owner, Unibail-Rodamco-Westfield, is shifting focus to...
The Impact of Falling Property Values on San Francisco’s Commercial Real Estate Market
San Francisco’s commercial real estate market is facing unprecedented challenges, with private valuations of distressed properties in the city plunging sharply. Real estate...
Unibail-Rodamco-Westfield Plans to Sell 1.1MM SQFT Westfield Oakridge Mall in San Jose
By Kate Snyder In the United States, Unibail-Rodamco-Westfield continues to sell off shopping centers within its retail portfolio. Westfield Oakridge in San Jose...
