JUST IN: Nordstrom,
$JWN, is shutting down all stores in San Francisco. Management
said the “dynamics of the city changed” which is impacting their
ability to draw in customers. Meanwhile, a record 30% of San
Francisco offices are vacant. Their real estate crisis is
spreading.
Kobeissi Letter
Posted by steve on 2nd of May 2023 at 05:30 pm
JUST IN: Nordstrom, $JWN, is shutting down all stores in San Francisco. Management said the “dynamics of the city changed” which is impacting their ability to draw in customers. Meanwhile, a record 30% of San Francisco offices are vacant. Their real estate crisis is spreading.
SFO real estate crisis is
Posted by arun on 2nd of May 2023 at 06:10 pm
SFO real estate crisis is self inflicted from these loser liberals. SFO a shit hole
You can’t compare it to rest of the country. SPG is doing fine. They increased dividend today.
Novice Question: How will this
Posted by bulf6285 on 2nd of May 2023 at 06:00 pm
Novice Question: How will this affect national residential real estate? Will there be a contagion effect?