San Francisco's Union Square Succumbs to Dysfunction as Major Retailers Flee

• Westfield is surrendering control of San Francisco Centre mall due to declining business conditions and lawlessness.
• Nordstrom's departure and Westfield ceasing payments appear to have been the final straws.
• Westfield is transferring mall management citing steep declines in sales, occupancy and foot traffic.
• The nearby Hilton San Francisco Union Square and Parc 55 hotels have also stopped payments and plan to surrender the properties.
• The city's mayor pledges to adapt but the city's problems call into question if its retail center can recover.

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