Shopping mall owner Unibail-Rodamco-Westfield on Thursday posted a nearly 12% increase in like-for-like turnover for the first nine months of the year and nudged up its full-year estimate for.
The owners of the Westfield San Francisco Centre mall are giving up the property to lenders, adding to deepening real estate pain in a city struggling to bring back workers and tourists after the pandemic.
Shopping mall owner
Unibail-Rodamco-Westfield on Wednesday reported
first-quarter turnover edging closer to pre-pandemic levels,
citing a strong post COVID-19 recovery. The company s. | April 27, 2022
Westfield Valencia Town Center officials announced Monday they’re halting plans to expand the mall with a 101,000-square-foot Costco and other amenities.
“Like so many businesses, 2020 was a year like no other in Westfield’s history. Westfield moved quickly to adapt to the realities created by a global pandemic and the accelerated consumer trends for the retail industry,” read a statement released by Westfield Monday. “Part of this evolution is our strategic decision to bring to a close development plans for the Patios Connection Plan at the Valencia Town Center, which included a Costco. While this plan has come to a close, our commitment to Valencia Town Center continues.”