by Ethan Huff, Natural News:
Citing skyrocketing crime incidents and tanking sales, Westfield has stopped making mortgage payments on a mall facility in downtown San Francisco, which is seeing an exodus of retailers and other businesses amid its ongoing collapse.
Westfield reportedly defaulted on its $558 million loan, which it is handing back to the lender, which will appoint a receiver. For the time being, the mall will remain open despite “unsafe conditions” and a “lack of enforcement against rampant criminal activity,” especially following the soon departure of Nordstrom, the mall’s anchor tenant.