View the San Francisco for Sunday, July 14, 2024
The Dome inside the Emporium San Francisco Centre, formerly owned by Westfield in San Francisco on Friday, July 28, 2023.
The City logged 46 police reports from Oct. 10 through May 19, 133 police reports for the same period ending in 2022 and 119 police reports for the stretch ending last year. On Feb. 8, a man came to the store and “beat American Eagle employees with a belt,” requiring three security guards to remove him from the store “with no mall security in sight,” the letter said.
The statement said the receiver had “significantly improved security” at the mall, installing an on-site management team from real-estate company JLL, increasing the number of security guards and adding security dogs. American Eagle in its letter said that nine stores had left the mall following the receiver’s appointment., including a city-backed program that gets young people paid internships, a company that provides local sidewalk-cleaning services, and several retailers.Richard Wahl, manager of the Ray-Ban store next to the Emporium Centre’s 865 Market St. entrance, credited the receiver’s management team with bringing more order and with being more accessible.
But Wahl said theft remains a persistent issue, even though his store and numerous others in the mall have their own security guards at entrances. Wahl said the environment on the streets around the mall can be troublesome. In late June, someone smashed a $25,000 piece of custom glass in his store’s Market Street window overnight, even though a retractable interior metal gate would have prevented anyone from entering the part of the store with merchandise, he said.
Like Wahl, Chris Jue, a store manager at the boutique sneaker and apparel store Sole & Laces, said criminals do not adequately fear accountability. His store secured its more-valuable clothing with cords and locking devices — and then saw the number of shoplifting incidents decrease, he said. The woman said she and her staff do keep a close watch through their plate-glass windows and shut the door if potentially problematic people approach.
“Is this a glass half full or a glass half empty?” said Kyle Stanford, a lead venture-capital analyst at PitchBook. “It is both.”. That amount was up 47% from the first quarter but was driven by just two deals involving artificial-intelligence startups — an $8.6 billion investment in New Jersey-based CoreWeave and a $6 billion round raised by xAI, Elon Musk’s Burlingame-based competitor to OpenAI.
Combined, the Bay Area and New York metro regions accounted for 63% of all the venture dollars invested in the second quarter. That’s the highest combined tally for those two regions dating back to the first quarter of 2014. Combined, Bay Area and New York venture funds accounted for 78% of all new capital raised this year, the largest proportion ever dating back to 2014.The portion of national venture funding that went to San Francisco-based startups slipped to 11.5%, down from 13.7% in the first quarter and 13.2% in the year-ago period.
“It is still very challenging out there,” Stanford said. “For the median company, raising the next round is not a given.”
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