The owners of Westfield Mall in downtown San Francisco have stopped making payments on a $558 million loan. The mall will be turned over to a receivership later this month.
Convention bookers are choosing cities such as Las Vegas for events rather than San Francisco due to the crime and homelessness that are rife in the City by the Bay.
Mortgage Deadlines Loom for Dozens of SF Hotels therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.