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AT&T to shut flagship store in downtown San Francisco
  + stars: | 2023-06-16 | by ( ) www.reuters.com   time to read: +1 min
June 16 (Reuters) - U.S. wireless carrier AT&T (T.N) said on Friday it would close its flagship store in downtown San Francisco, deepening the real estate pain in the once-booming tech hub that has been particularly hard hit by the pandemic. Stores in San Francisco have been closing their doors as they try to cut down on real estate space in the face of declining customer visits, occupancy and sales. Earlier this week, Unibail-Rodamco-Westfield (URW.PA) said it would transfer its Westfield San Francisco shopping mall to lenders. Nordstrom (JWN.N) said last month it was going to give up its downtown store in the mall. Real estate investment trust Park Hotels & Resorts (PK.N) had also said last week it ceased making payments toward a $725 million mortgage linked to its Hilton San Francisco Union Square and Parc 55 hotels.
Persons: Powell, Samrhitha, Krishna Chandra Organizations: AT, Westfield San, Nordstrom, Resorts, Hilton San Francisco, Square, Thomson Locations: San Francisco, Westfield, Westfield San Francisco, Bengaluru
Unibail-Rodamco-Westfield (URW.PA) said late on Monday it will transfer its Westfield San Francisco shopping mall to lenders. The announcement followed Park Hotels & Resorts (PK.N) statement last week that it ceased making payments toward a $725 million mortgage linked to its Hilton San Francisco Union Square and Parc 55 hotels. Westfield's decision is the latest blow to San Francisco, the once-booming tech hub that has been particularly hard hit by the pandemic. The potential for difficulties from commercial real estate to flow through to banks is also becoming a bigger worry for investors and regulators. Warren Wachsberger, CEO of Aecom Capital, a real estate investor, said mall owners like Unibail-Rodamco-Westfield are focusing on their best properties.
Persons: Thomas LaSalvia, Warren Wachsberger, we're, Wachsberger, Granth, Shankar Ramakrishnan, Matt Tracy, Sriraj Kalluvila, Alexandra Hudson Organizations: Westfield San, Resorts, Hilton San Francisco, Square, downtown, Real Estate Economics, Aecom, Westfield, U.S, Flagship, Nordstrom, Banana Republic, Washington DC, Alexandra Hudson Our, Thomson Locations: San Francisco, Westfield, Westfield San Francisco, downtown San Francisco, Bengaluru, New York, Washington
CNN —Shopping mall operator Westfield said it plans to give up control of the San Francisco Centre mall after more than 20 years of operation in another sign of San Francisco’s economic struggles. Last month, a Westfield spokesperson attributed Nordstrom’s closing to “unsafe conditions for customers, retailers, and employees.”Once a bustling retail center in the heart of San Francisco, the San Francisco Centre has taken a significant hit in the past few years. Three years later, corporate America has yet to return in the same numbers: office vacancies in San Francisco have reached a 30-year high. According to a tally from the San Francisco Standard, twenty retailers near San Francisco’s Union Square have closed their doors since 2020. Westfield said it has already begun transferring management of the San Francisco Centre back to its lender, which will appoint a receiver to operate the property going forward.
Persons: Thomas Baltimore , Jr Organizations: CNN, Westfield, San Francisco Centre, Nordstrom, San Francisco, San, Resorts, Hilton San Francisco, Square Locations: San Francisco, Banana, Westfield, Westfield’s, America, San Francisco’s Union, Baltimore
New York CNN —Downtown San Francisco has been dealt another blow after an investor in one of its largest hotels said it would stop paying its loans. An investor presentation from Park reveals that San Francisco accounted for 16% of its business in 2019, then fell to just 3% over the past 12 months following the pandemic. The San Francisco Hotel Council told CNN affiliate KGO-TV that it’s “not uncommon for hotel ownership to change” and it expects the hotel will find new owners. Property crimes in San Francisco have garnered national attention because of several attention-grabbing videos of thieves in action. Meanwhile, violent crime statistics in San Francisco have remained relatively steady in recent years.
Persons: Thomas Baltimore , Jr, , It’s, Nordstrom Organizations: New, New York CNN, Downtown, Park, Resorts, Hilton San Francisco, Square, Marriott, Hyatt, San Francisco, San Francisco Hotel Council, CNN, KGO, San Francisco Police Department Locations: New York, Downtown San Francisco, Francisco, San Francisco
Park Hotels & Resorts, the operator of two of the most prominent hotels in San Francisco, is handing in the keys on the properties — and, in essence, giving up on a city that has fallen on hard times. Park Hotel stopped making payments on a $725 million loan tied to the Hilton Union Square and Parc 55, the real estate investment trust said on Monday. A slowing economy and a remote-work thunderclap have emptied offices across the country, with some warning of a ticking bomb in the commercial real estate market. Slammed by a wave of layoffs in the tech industry and a steep slowdown in Moscone’s conference calendar, downtown San Francisco has been hit hard. “Now more than ever, we believe San Francisco’s path to recovery remains clouded and elongated by major challenges” that will reduce demand for business and leisure travel, said Thomas J. Baltimore Jr., the chief executive of Park Hotels & Resorts.
Persons: , Thomas J Organizations: Resorts, Hilton Union Square, Moscone Center, Baltimore Jr, Park Hotels Locations: San Francisco
Park Hotels & Resorts, an investment company, defaulted on a $725 million San Francisco hotel loan. The company's CEO plans to give up the properties, blaming remote work and "street conditions." This week, Park Hotels & Resorts, one of the largest publicly-traded hospitality investment companies with more than 29,000 rooms, chose to default on a $725 million loan secured by two flagship San Francisco hotels, the Hilton San Francisco Union Square and its Parc 55, about a block away. The "burden" of the properties was just too great, and it's not only because workers are abandoning the area, Thomas Baltimore, the Park Hotels CEO, said in a statement. San Francisco has been one of the large urban metros hit hardest due to remote work and the outright exits of large technology companies.
Persons: , it's, Thomas Baltimore, , Salesforce Organizations: Resorts, San, Service, Hotels, Hilton San Francisco, Square, Park Hotels, metros Locations: San Francisco, Francisco, Baltimore
From NYC to Las Vegas, here are five wellness activities you can attend free of charge in some of the travel capitals of America. Yoga in Bryant Park - New York City, N.Y.Every year when the weather gets warm in NYC, Bryant Park hosts free yoga classes for residents and tourists. Seattle Free Walking Tours - Seattle, Wash. In several big cities, you can find free walking tours run by nonprofit organizations. And the Bellagio Conservatory & Botanical Gardens in Las Vegas is a beautiful one to add to your bucket list.
He said Khan had 24 hours to surrender the suspects, and that a police operation would be launched if he did not comply. The arrest of the former prime minister, who was ousted in a parliamentary confidence vote in April last year, has deepened political instability in the South Asian nation of 220 million. Thousands of Khan supporters had attacked and set on fire scores of government and public buildings, including the army's headquarters, following his arrest. Khan has previously disowned those involved in arson and attacks against the army, demanding an impartial inquiry. The military has said the May 9 attacks against the army were "pre-planned" and ordered by Khan party's leaders, which he and his party deny.
Her mother Sarah — a former deli shop owner — was bored with retirement and had decided to open an ice cream shop in Bethesda, Maryland. "To be honest, at first I was like, 'ice cream shop?'" Running the ice cream shopDespite Sarah's Handmade Ice Cream successful grand opening, it took over six months for the business to become "a well-oiled machine," Park says. Instead, Park and her mother donate ice cream to local nonprofits and community organizations, which has attracted loyal customers in the Bethesda area. Within a few months of opening the first store, Park realized the business didn't have to be limited to just "a mom-and-daughter shop."
Local residents stand next to a building that was damaged in the night, following Russian shelling in Komyshevakha, Zaporizhzhia region, Ukraine on Monday, May 8. Polohy is one of over a dozen frontline settlements that occupying forces announced Friday would be emptied of civilians. It is as yet unclear what impact these evacuations – which on Sunday Russian occupation officials said amounted to 1,600 people – will have on Moscow’s ability to hold frontline towns. He evaded their tight scrutiny of his whereabouts when a local occupation official failed to turn up to work one day, and he drove a minibus of civilians out. The regular effective targeting of Russian positions by Ukrainian firepower sparked a manhunt in the town for an informant.
MLB roundup: Dodgers stun Phillies on walk-off slam
  + stars: | 2023-05-04 | by ( ) www.reuters.com   time to read: +13 min
Brandon Drury also hit a homer for the Angels, who won for the sixth time in their last eight games. Starter Seth Lugo (3-2) held the Reds to one run on seven hits over six innings to earn the win. Pfaadt, a touted pitching prospect, went 4 2/3 innings and allowed nine hits -- four of which were home runs -- and seven runs. Texas starter Andrew Heaney allowed six runs on four hits in 4 2/3 innings, with four walks and five strikeouts. Losing pitcher Eric Lauer (3-3) allowed four runs -- all unearned -- on four hits and struck out six in 4 2/3 innings.
CNN —Jordanna Barrett, the wife of Tampa Bay Buccaneers linebacker Shaquil Barrett, spoke out for the first time on Wednesday since the couple’s two-year-old daughter drowned in a swimming pool on Sunday. The child was taken to an area hospital but could not be revived and was pronounced dead shortly after, authorities said. “Thank you all for all the messages, flowers, thoughts and prayers,” Barrett wrote in an Instagram post. I love you forever and always.”Speaking to reporters on Wednesday, Buccaneers defensive line coach Kacy Rodgers called the death a “tragedy” and offered support to the Barrett family. He signed with the Tampa Bay Buccaneers in 2019 and was a part of the Buccaneers’ Super Bowl winning team in 2021.
CNN —The 2-year-old daughter of Tampa Bay Buccaneers linebacker Shaquil Barrett drowned in a swimming pool Sunday at the family’s Florida home, police said. Officers responded to a Beach Park home in Tampa at 9:30 a.m. after a child had fallen into a pool, the Tampa Police Department said. The Buccaneers released a statement in support of Barrett and his family. In 2019, Barrett signed with the Tampa Bay Buccaneers. He was a part of the Buccaneers’ Super Bowl winning team in 2021.
The biggest week of this earnings season showed us that things aren't as bad as many feared. The week ahead of earnings, including several more Club names, should tell us more. The results are always important, but it's the guidance and management commentary we will really hone in on to better understand the path ahead. In Amazon's case, a solid first quarter for its AWS cloud business was overshadowed by management seeing a material slowdown in April. ET: Nonfarm Payrolls Looking back It was the biggest week of this earnings season for the Club as several of our mega-cap holdings and industry bellwethers reported results.
Take the Conrad London St. James, for example, which sits between the Mall and Westminster Abbey. Most of the roads around Westminster Abbey and St. James’s Park Underground station will be blocked off. How to see the coronationCharles and Camilla will ride in the Diamond Jubilee State Coach to Westminster Abbey for the ceremony. Niklas Halle'n/AFP/Getty ImagesThe coronation itself will take place on the morning of Saturday May 6 at Westminster Abbey. Royal Windsor Racecourse, near Windsor Castle, and on the bank of the River Thames, is having a race night to celebrate the day’s public holiday.
Although Disney has thwarted the state’s most aggressive efforts against it, Ron DeSantis has repeatedly promised he will win out in the end. In the governor’s effort to wrest control of Disney’s Orlando-area theme parks, he found that Disney’s corporate lawyers have routinely outmaneuvered him. “The question is, how much are you willing to hurt everybody else?”Legally, he says, DeSantis can’t single out Disney explicitly because retaliation against a single company is unconstitutional. To be sure, Disney’s parks division is a huge part of its business. In other words: Florida needs Disney more than Disney needs Florida.
Tutor's first big deal, in 2008, was a $34 million Beverly Park home with four acres, a ballroom, and a tennis court, that she brokered with The Agency cofounder Mauricio Umansky. It was for her father, who Tutor said was the toughest client she ever had. Mauricio Umansky, left, and his wife Kyle Richards, who now star on "The Real Housewives of Beverly Hills." Robin Marchant/Stringer/Getty Images
CNN —When BMX freestyler Kriss Kyle was out on a walk with his dogs during the pandemic, he looked up to the sky and saw a giant playground of potential for another of his daring deeds. The Scotsman has become well known for performing death-defying stunts and this one would be no different. “I thought I’d use the downtime [of the pandemic] to think of what is next and what has no one done before,” explains the Red Bull athlete. It’s not possible,’” Kyle admits. Watch the video above to see Kyle’s full story.
New box jellyfish species found in Hong Kong's waters -study
  + stars: | 2023-04-19 | by ( ) www.reuters.com   time to read: +1 min
HONG KONG, April 19 (Reuters) - A Hong Kong university team said it has discovered a new species of box jellyfish in the city's Mai Po Nature Reserve, the first discovery of the venomous species in China's waters. Baptist University (HKBU) together with WWF-Hong Kong, Ocean Park Hong Kong and University of Manchester said on Tuesday that the team collected jellyfish samples from a brackish shrimp pond over 2020-2022 and found they contained a new species. Box jellyfish "are poorly known in Chinese marine waters. Our discovery of Tripedalia maipoensis in Mai Po - a relatively well-studied area in Hong Kong - highlights the rich diversity of marine life in Hong Kong and even the whole of China," he said. Box jellyfish, scientifically known as class Cubozoa, includes some of the highly venomous marine animals that are widely known in tropical waters, the study said.
The Biden administration is working to mend ties among some key allies who are upset over revelations from recently leaked U.S. intel documents. U.S. Defense Secretary Lloyd Austin held a phone call with South Korea's defense minister, after lawmakers in Seoul were angered over reports of the CIA spying on their discussions about arms sales to Washington. Another report from the leak is a purported CIA update from early March saying that Israel's intelligence agency, Mossad, encouraged its officers to join local protests against controversial reforms being pushed by the Israeli government. The Israeli administration denied Mossad had any part in the protests. — Natasha Turak
But some travelers aren't thrilled about what it takes to pull off a trip to Walt Disney World these days. He said he goes to Disney World about "once a month." They will leave thinking food at Disney World is a "cheeseburger and a hot dog … which could not be farther from the truth," he said. Walt Disney World comprises four theme parks, two water parks and dozens of themed hotels, plus a shopping and entertainment area called Disney Springs. He called Disney World an "amazing spa destination" and said Disney Springs, formerly known as Downtown Disney, has shopping, live music and fantastic restaurants.
Taylor Ward scored an inside-the-park home run for the Angels in the first inning. Ward's liner to center got past a diving Esteury Ruiz, and the A's were slow to chase it down. Jake Cave hit his third homer of spring training for Philadelphia, while Pirates veteran Andrew McCutchen hit his first of the spring, a two-run shot. Washington got a two-run homer from Victor Robles and outhit St. Louis 15-6. The Giants had 16 hits, hanging six hits and six runs on Dodgers starter Noah Syndergaard (1-2) over 4 1/3 innings.
[1/6] South Korea's President Yoon Suk Yeol and his wife Kim Keon-hee arrive at Tokyo International Airport (Haneda Airport) in Tokyo, Japan March 16, 2023. Before Yoon's flight, North Korea fired a long-range ballistic missile, which landed in the sea between the Korean peninsula and Japan, emphasising both the urgency of regional security and the threat posed by North Korea. "There is an increasing need for (South) Korea and Japan to cooperate in this time," Yoon said in a written interview with international media on Wednesday, calling both North Korea's nuclear and missile threats and supply chain disruptions a "polycrisis". South Korea and Japan at the time agreed to exchange real-time intelligence on North Korea's missile launches, which experts say will help both countries better track potential threats. Tokyo worries that Russia's invasion of Ukraine has set a precedent that will encourage China to attack self-ruled Taiwan.
Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. An apartment on Central Park long owned by the late hedge-fund founder Julian H. Robertson Jr . is on the market for $30 million.
Below is a complete list of all-inclusive resorts you can book with Hyatt points in Latin America and Europe — and the number of points you'll need to do it. Caribbean/Latin AmericaHotel Category Zoëtry Agua Punta Cana​ C (25,000 points) Zoëtry Casa del Mar Los Cabos C (25,000 points) Zoëtry Curaçao Resort & Spa​ C (25,000 points) Zoëtry Montego Bay Jamaica​ C (25,000 points) Zoëtry Marigot Bay St. Lucia F (50,000 points) Zoëtry Paraiso de la Bonita Riviera Maya​ C (25,000 points) Zoëtry Villa Rolandi Isla Mujeres Cancun C (25,000 points) Sunscape Akumal Beach Resort & Spa A (15,000 points) Sunscape Curaçao Resort, Spa & Casino B (20,000 points) Sunscape Dorado Pacifico Ixtapa A (15,000 points) Sunscape Puerto Plata Dominican Republic A (15,000 points) Sunscape Puerto Vallarta Resort & Spa A (15,000 points) Sunscape Sabor Cozumel A (15,000 points) Breathless Cabo San Lucas Resort & Spa C (25,000 points) Breathless Cancun Soul Resort & Spa C (25,000 points) Breathless Montego Bay Resort & Spa C (25,000 points) Breathless Punta Cana Resort & Spa B (20,000 points) Breathless Riviera Cancun Resort & Spa B (20,000 points) Secrets Akumal Riviera Maya C (25,000 points) Secrets Aura Cozumel C (25,000 points) Secrets Bahia Mita Surf & Spa Resort B (20,000 points) Secrets Cap Cana Resort & Spa C (25,000 points) Secrets Huatulco Resort & Spa B (20,000 points) Secrets Maroma Beach Riviera Cancun C (25,000 points) Secrets Moxché Playa del Carmen C (25,000 points) Secrets Papagayo Costa Rica C (25,000 points) Secrets Playa Mujeres Golf & Spa Resort C (25,000 points) Secrets Puerto Los Cabos Golf & Spa Resort C (25,000 points) Secrets Riviera Cancun Resort & Spa C (25,000 points) Secrets Royal Beach Punta Cana B (20,000 points) Secrets St. James Montego Bay C (25,000 points) Secrets St. Martin Resort & Spa C (25,000 points) Secrets The Vine Cancun C (25,000 points) Secrets Vallarta Bay Puerto Vallarta B (20,000 points) Secrets Wild Orchid Montego Bay C (25,000 points) Dreams Acapulco Resort & Spa​ A (15,000 points) Dreams Aventuras Riviera Maya​ B (20,000 points) Dreams Bahia Mita Surf & Spa Resort B (20,000 points) Dreams Curaçao Resort, Spa & Casino​ B (20,000 points) Dreams Dominicus La Romana​ B (20,000 points) Dreams Huatulco Resort & Spa​ B (20,000 points) Dreams Jade Resort & Spa​ B (20,000 points) Dreams Karibana Cartagena Golf Resort & Spa B (20,000 points) Dreams Las Mareas Costa Rica​ C (25,000 points) Dreams Los Cabos Suites Golf Resort & Spa​ B (20,000 points) Dreams Macao Beach Punta Cana​ B (20,000 points) Dreams Natura Resort & Spa​ B (20,000 points) Dreams Onyx Resort & Spa​ B (20,000 points) Dreams Palm Beach Punta Cana​ A (15,000 points) Dreams Playa Bonita Panama​ A (15,000 points) Dreams Playa Mujeres Golf & Spa Resort​ C (20,000 points) Dreams Punta Cana Resort & Spa​ A (15,000 points) Dreams Riviera Cancun Resort & Spa​ B (15,000 points) Dreams Royal Beach Punta Cana​ B (20,000 points) Dreams Sands Cancun Resort & Spa​ B (20,000 points) Dreams Sapphire Resort & Spa​ B (20,000 points) Dreams Tulum Resort & Spa​ B (20,000 points) Dreams Vallarta Bay Resort & Spa B (20,000 points) Dreams Villamagna Nuevo Vallarta​ B (20,000 points) Dreams Vista Cancun Golf & Spa Resort B (20,000 points) Hyatt Ziva Cancun C (25,000 points) Hyatt Ziva Los Cabos B (20,000 points) Hyatt Ziva Puerto Vallarta B (20,000 points) Hyatt Ziva Riviera Cancun C (25,000 points) Hyatt Ziva Cap Cana C (25,000 points) Hyatt Ziva Rose Hall C (25,000 points) Hyatt Zilara Cancun C (25,000 points) Hyatt Zilara Riviera Maya C (25,000 points) Hyatt Zilara Cap Cana C (25,000 points) Hyatt Zilara Rose Hall C (25,000 points)EuropeHotel Category Alua Atlántico Golf Resort A (15,000 points) Alua Boccaccio A (15,000 points) Alua Calas de Mallorca Resort B (20,000 points) Alua Golf Trinidad A (15,000 points) Alua Gran Camp de Mar A (15,000 points) Alua Helios Bay (opening expected May 1, 2023) A (15,000 points) Alua Illa de Menorca A (15,000 points) Alua Leo (participation effective October 17, 2022) A (15,000 points) Alua Suites Las Rocas A (15,000 points) Alua Tenerife A (15,000 points) AluaSoul Carolina A (15,000 points) AluaSoul Costa Málaga A (15,000 points) AluaSoul Menorca A (15,000 points) AluaSoul Orotava Valley A (15,000 points) AluaSun Cala Antena A (15,000 points) AluaSun Continental Park Hotel & Apartments A (15,000 points) AluaSun Costa Park A (15,000 points) AluaSun Doblemar A (15,000 points) AluaSun Far Menorca A (15,000 points) AluaSun Helios Beach (opening expected May 1, 2023) A (15,000 points) AluaSun Lago Park A (15,000 points) AluaSun Lago Rojo A (15,000 points) AluaSun Marbella Park A (15,000 points) AluaSun Mediterráneo A (15,000 points) Dreams Lanzarote Playa Dorada Resort & Spa B (20,000 points) Dreams Sunny Beach Resort & Spa B (20,000 points) Secrets Lanzarote Resort & Spa B (20,000 points) Secrets Mallorca Villamil Resort & Spa C (25,000 points) Secrets Sunny Beach Resort & Spa (opening expected May 1, 2023) B (20,000 p
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