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Westfield

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sports1 year ago

LIV Golf to Host 2025 Championship in Westfield, Indiana

LIV Golf will host its individual championship finale at The Club at Chatham Hills in Westfield, Indiana, from August 15-17, 2025. The event will feature top golfers like Bryson Dechambeau and Phil Mickelson, and is expected to draw around 30,000 attendees. The tournament will include fan engagement activities and is anticipated to have a significant economic impact on the area. Westfield Mayor Scott Willis and Hamilton County Sports Authority Director Carl Daniels expressed excitement about hosting the event, highlighting the region's reputation for large-scale sporting events.

via WTHR|
#bryson-dechambeau#chatham-hills#liv-golf
tragedy2 years ago

Multiple Bodies of Missing Boaters Found in Western Massachusetts Waters

The body of a 20-year-old man who went missing after a canoe capsized in Pequot Pond, Westfield, has been found by professional bass fisherman Mario Santaniello using sonar. The man's body was found in a section of Pequot Pond approximately 50 years from where the canoe capsized. The two other men were able to swim to shore, but the East Longmeadow man did not resurface and was reported missing. The death investigation is ongoing.

via WCVB Boston|
#body-found#canoeing#death-investigation
tragedy2 years ago

Multiple Canoeing Tragedies Strike Western Massachusetts

The body of a 20-year-old canoeist who fell into Pequot Pond in Westfield a week ago has been recovered by a private citizen using sonar. The victim was located just 50 yards from where his canoe capsized. The four-day search was conducted by local, regional, and state agencies, including the Westfield Fire Department, Massachusetts State Police, and the Western Massachusetts Regional Dive Team. Crews continue their search for a missing boater at Hampton Ponds in Westfield.

via Western Massachusetts News|
#body-recovered#canoeist#pequot-pond
business2 years ago

San Francisco's Westfield Abandons City as Silicon Valley Mall Booms

Westfield's San Francisco mall is being abandoned while its Valley Fair mall saw record high sales last year, up 66% from 2019 levels. A major reason for Valley Fair's growth is a $1.1 billion expansion that added around 700,000 square feet of space. Other factors include a strong roster of restaurants that bring in visitors and a safe and clean environment. In contrast, San Francisco mall foot traffic has fallen sharply, down 42% in 2022 compared to 2019.

via San Francisco Chronicle|
#business#retail#san-francisco
business2 years ago

South Bay's Westfield Outpost: A Foodie's Paradise.

While Westfield San Francisco Centre struggles with declining sales and tenant departures, its South Bay counterpart, Westfield Valley Fair, thrives as a food and retail destination. The Santa Clara mall underwent a $1.1 billion renovation in 2019, adding 100 new merchants and posh dining options like Mastro's Steakhouse and iChina. Sales at Valley Fair increased by 66% between 2019 and December 2022, while sales at San Francisco Centre decreased. Westfield recently announced its departure from San Francisco, leaving the fate of its remaining restaurants uncertain.

via SFGATE|
#business#food#retail
business2 years ago

Downtown SF mall closures signal nationwide trend.

Westfield is pulling out from operating San Francisco's biggest mall, the San Francisco Centre, citing "challenging operating conditions," and the Cinemark Century SF Centre 9 theater will go dark this week. This follows a string of announced retail closures in downtown SF, including Nordstrom, Whole Foods, Parc 55, Hilton, Old Navy, and Cole Hardware. Businesses have cited shoplifting, deteriorating street conditions, working-from-home, reduced foot traffic, and a shift toward online shopping as the main contributors to the demise of SF's once-thriving downtown-Union Square retail district. City leaders have floated a variety of solutions, but the path to recovery remains "clouded."

via KRON4|
#business#closures#downtown
business2 years ago

Westfield SF Mall Faces Uncertain Future with Cinemark Closure and Parent Company's Exit.

Westfield and co-owner Brookfield Properties have surrendered the San Francisco Centre mall to its lender, leaving city residents wondering what will happen to the downtown shopping center. The mall's departure was likely clinched by the closure of its well-known Nordstrom outlet, which signaled that Westfield would struggle to generate enough revenue to pay its loan, estimated at $558 million. A future property owner will have to get creative to bring back revenue and foot traffic, and it could take five to seven years to see the next iteration of the building emerge.

via SFGATE|
#business#commercial-real-estate#foreclosure
business2 years ago

San Francisco's Westfield Mall Loses Movie Theater and Shopping Giant in Major Departure

The Century San Francisco Centre 9 and XD theater will be closing permanently after its current lease with the mall ends, the theater’s owner Cinemark, confirmed. Cinemark is the first company to announce it will be departing the mall space since Westfield’s announcement to transfer the management of the shopping center to its lender. Nordstrom announced in May that the company would not renew its lease due to “unsafe conditions” in the city. San Francisco has faced challenging economic conditions since the onset of the COVID-19 pandemic.

via KRON4|
#business#cinemark#covid-19
business2 years ago

Westfield San Francisco Mall Loses Cinemark Theater

The Cinemark movie theater complex in Westfield's Downtown San Francisco Centre will close this week, just days after Westfield announced it would give up the mall. Cinemark cited a "comprehensive review of local business conditions" for the closure. The area surrounding the shopping center has been increasingly troubled, with nearly half of the storefronts and eateries that were open in 2020 having since closed. This is the 24th major shutdown in the area since the start of the pandemic.

via The San Francisco Standard|
#business#cinemark#closure
business2 years ago

Westfield San Francisco loses Cinemark theater amidst management transfer.

Cinemark has confirmed the permanent closure of its theater inside San Francisco's Westfield mall following a comprehensive review of local business conditions. This comes after Westfield announced it was giving up the mall and transferring management to its lender. Before the closure of Cinemark, Westfield said the San Francisco Centre's occupancy level had dropped to 55%, compared to the national average of 93%.

via KGO-TV|
#business#cinemark#closure
business2 years ago

Westfield's Departure Adds to San Francisco's Struggles.

Westfield San Francisco Centre, the city's largest shopping center, is giving up due to declining sales and foot traffic caused by challenging operating conditions in downtown San Francisco. The economic reality of downtown San Francisco is grim, with e-commerce growing, retail jobs dwindling, remote work becoming the new norm, foot traffic out of the Powell Street BART Station declining, and San Francisco's population shrinking.

via San Francisco Chronicle|
#business#e-commerce#pandemic
business2 years ago

Westfield Mall Abandons San Francisco Amidst Exodus

Westfield, the owners of one of the biggest shopping centers in San Francisco, have decided to transfer their Westfield San Francisco shopping mall to lenders after 20 years due to declining sales, occupancy, and foot traffic. This is the latest blow to San Francisco, which has been hit hard by the pandemic, with empty office buildings and major layoffs by large tech companies. The potential for difficulties from commercial real estate to flow through to banks is also becoming a bigger worry for investors and regulators.

via New York Post |
#business#commercial-real-estate#occupancy-rates
business2 years ago

Westfield joins retail exodus, abandons San Francisco mall.

Major mall operator Westfield has relinquished control of its San Francisco shopping center to its lenders due to declining sales, occupancy, and foot traffic, as well as rising crime. The Westfield San Francisco Centre is San Francisco's largest mall, but in recent months it has witnessed an exodus of retail tenants, including its largest, Nordstrom. The mall's occupancy currently sits at just 55%. Westfield's parent company stopped paying its $558 million outstanding mortgage, and it will transfer the property's management to a receiver.

via CBS News|
#business#retail#rising-crime
business2 years ago

Westfield Abandons San Francisco Mall Amid Store Exodus.

Westfield San Francisco Centre mall has lost 46% of its stores since 2020, with 45 stores closing and only 21 new stores opening. The closure of Nordstrom was a significant blow, and the mall's basement-level food court has also seen a similar exodus. The shopping center's vacancies reflect a broader trend in Union Square, where 47% of pre-pandemic storefronts have shut down since 2020.

via The San Francisco Standard|
#business#retail#san-francisco
business2 years ago

Westfield surrenders San Francisco mall amid challenging conditions.

Westfield is giving up control of its San Francisco mall due to declining sales, occupancy, and foot traffic, citing "challenging operating conditions" in the city's downtown area. The mall's parent company has stopped making payments on a $558m loan and has started the process of ceding control of the property. Nordstrom, which occupies nearly a third of the mall's retail space, said that it would close its store in August, when its lease expires. The city's retail market has struggled to recover after sales fell during the pandemic.

via The Guardian US|
#business#nordstrom#property