Numbers. The confirmed cases in the bay area. Santa clara county has the most cases. Sadly, late this afternoon we learned of another death, a man in his 50s. Thats the fifth death in Santa Clara County. A lot of news coming from governor newsoms News Conference. Another thing he called for, more hospital beds during this crisis. The governor signed emergency legislation today for 1 billion in funding. It would make way for tens of thousands of beds. He also talked about a conversation he had with President Trump this afternoon. I had the privilege of a conversation quite literally an hour ago with the president of the United States. The president assured me not only assured me, he was aware of where those swabs are being procured before i even offered my own insight. So this new funding bill passed in one day by the state legislature. More than 1 billion. Besiding increasing hospital bed capacity by the thousands, it would also provide money to purchase a lot more medical equipment. T
Femicide clashes erupt at a march in chile Marking International womens day its one of many rallies across latin america in other countries demanding equality and an end to the killing of women by men. Hello im terry martin good to have you with us more than 16000000 people are in northern italy are now sealed off from the rest of the country the government isnt forcing major restrictions on movement to try to control the spread of the corona virus with no one allowed to leave or enter certain areas without good reason to quarantine effects the region of lombardy and other northern provinces and including the cities of milan and venice it. He has the most infections outside of china now recent figures show 7375 confirmed cases there 366 people have died tourists have been told to leave the affected regions immediately for residents daily life will be severely restricted for nearly a month. Roadblocks like these could become a familiar sight across northern italy travelers are asked to
Retailers, local and big box and just about everybody and nobody could make it work. Even using the global reach of our company, we couldnt make it happen. Nowhere in this country is there a shopping sent we are as many floors as westfield San Francisco center. Not in chicago, not in new york. The retail is why they succeed which is why the body amended the planning code to eliminate the need for a cup for the seventh and eighth floors and above. So we believe this investment is good for San Francisco center and mixed use buildings are inherently complementary with the office use supporting the retail and retail an amenity for the office. And we are going to do a full renovation and that includes improved lighting at the street level and the largest nordstrom in the portfolio and will remain one of the largest in the country. Letters of support including one from nordstrom and they couldnt make it br are supportive of this project. We believe they must continue to be the Retail Destina
And i want to tell you that what were seeing right now is not a cycle change. Its a structural change, and i am sure you are aware and seen the retailers and the retailers are shrinking the footprint and it is not the Large Department stores but even tenants that used to be 5,000 feet are shrinking to 1,000 feet and trying to deal with how to market the goods online and cross market both aspects. It has had a very structural change and quite frankly t vacancy rate at union square is the lowest that i have seen in 25 excuse me t highest in 25 years of business in union square. This there is, as we all know, a lot of vacancies that are happening. Barneys is going to close, forever 21 is closing, Williams Sonoma and the multifloor retailers are going out of business and those are the only ones that can occupy the upper floors. They are just not there. We have been marketing 146 geary for four years and talking to tenants initially to take the entire building because that works the best fo
From 220 post. The likelihood that a Retail Business would want a stand alone third Floor Office Space that is accessible from an alley that provides minimal foot traffic, marginal street visibility and has some Security Issues is in our opinion simply less than minuscule. On the overhead, i want to post one more image which is looking at the alley from grant street and if you see the orange box, that is where the third floor business is. Pretty tough to see. Pretty unvisible. So with all that said, nothing prevents the third floor and the upper floors being turned back into retail if at some future point that becomes viable. Project does not include any physical changes that would preclude that, so i am going to let the project sponsor speak about the actual efforts to lease this building, but before i go, in your packet, you have support letters that collectively include 41 signatures in support of the project including a leter from members of the Street Building at 210 post which in