Westfield is pulling out from operating San Francisco’s largest mall amid deteriorating conditions in the Democrat-controlled city, the company said in a statement.
The move by the real estate giant comes after Nordstrom announced in May that it would be closing its location at the Westfield San Francisco Centre in August.
The San Francisco Chronicle reported that Westfield stopped making payments on a $558 million loan as the company and its partner, Brookfield Properties, have begun the process of offloading control of the mall.