San Francisco Leans Into AI and Conversions to Aid a Painful Recovery
Meanwhile, the shock of URW handing back the keys on its Westfield mall continues to reverberate
Park Hotels’ bleak outlook for San Francisco is also shared by Shlomo Chopp, a CRE restructuring veteran who recently launched Terra Strategies, an asset management firm that targets investments in undervalued properties. Chopp said that while he is generally open to seeking yield opportunities in all property sectors across the country, he is staying clear of San Francisco for now.
“The city is trying to figure out things on multiple levels and how they deal with very unique challenges which are business challenges, social challenges and political challenges,” Chopp said. “I don’t think the issues with San Francisco are directly correlated to issues in other markets.”