The CEO of the world’s largest industrial real estate company and his wife are robbed by two gunmen outside their $15 million crime-ridden San Francisco home and call the mayor. London Breeding to end ‘unacceptable levels’ crime and violence.
Prologis president Hamid Moghadam said he was robbed and assaulted by two armed men outside his Pacific Heights home on June 26. San Francisco Business Times report.
Shaken by the incident, Moghadam said he had sent a letter to Breed, the city’s oversight board. California Gov. Gavin Newsom has called on elected officials to crack down on the city’s soaring crime.
“While we recognize that we live in an urban environment, the level of crime, including violence, has become absolutely unacceptable,” Moghadam wrote.
“I am deeply concerned that our city may be well on the road to decline and may never recover.
“I think San Francisco is probably the most dysfunctional city in America right now,” he added.
Hamid Moghadam (above), CEO and president of real estate giant Prologis, said he and his wife were robbed outside their home on June 26 by two gunmen.
He said thieves assaulted him in front of his $15 million home and stole a coveted Patek Philippe watch.Luxury watches from $12,000 to $2 million
The incident occurred in the affluent Pacific Heights north of San Francisco.
Moghadam said the incident prompted him to defend a city that has suffered from homelessness and violent crime over the past two years.
Moghadam, who spoke for the first time about the robbery last month, told The Business Times that it happened just outside his home while he was with his wife, Christina, and that it lasted just 30 seconds.
“This car comes out. A man popped out with a hoodie and a gun,” Moghadam told the publication, adding that he fell backwards and re-injured his back and knee. I’ll come out with another gun.”
“They used a lot of chosen words. Most started with ‘m’ and ‘f’,” he added.
“They were attacking me.
Bold thieves have acquired the coveted Patek Philippe watch in Moghadam. Luxury watches can range from $12,000 to he $2 million.
The wealthy Pacific Heights neighborhood where the incident took place is home to several elites, including Oracle Chairman Larry Ellison, technology investor Peter Thiel, and US Senator Diane Feinstein.
The CEO of Prologis, who has a net worth of at least $207 million and whose wife still suffers from robbery nightmares, is the one who made the decision to start the company 40 years ago. You now defend the city you founded.
Moghadam has warned Breed that The Golden City’s reputation is in jeopardy and could see declines similar to those experienced by Detroit and Cleveland.
“I told the mayor very bluntly that in the early 1960s, Cleveland and Detroit were great auto and steel communities, the center of the universe. Clearly, something happened.” Moghadam told Business Times.
He added that San Francisco’s current state could push away the businesses that sparked the city’s boom in the first place.
“Ten years ago we acquired a larger company headquartered in Denver, but I insisted on keeping the headquarters in San Francisco,” Moghadam wrote in the letter. I’m not sure.”
Moghadam, pictured with his wife Christina, is still haunted by robbery nightmares.
Last month, more than 70,730 of the approximately 118,000 citizens disgusted with the state of their city were widely criticized for its anti-incarceration policy, which has been widely accused of causing an ongoing crisis. Voted to oust Chesa Boudin, an awakened District Attorney.
He was originally elected on the Criminal Justice Reform platform, but his notoriously progressive legislation has been widely blamed for the increase in crime and homelessness in the Bay Area since the start of the pandemic.
During Boudin’s tenure, “smash and grab” robberies became commonplace, with thieves raiding store shelves in broad daylight, but escaped prosecution thanks to Boudin’s lax policies.
He was then replaced by Brooke Jenkins, 40, as both she and Breed vowed to crack down on burgeoning crime and the city’s increasingly prevalent open-air drug market. , cleaned the house after taking over her old boss’ job.
Chesa Boudin (left) was ousted from his position as district attorney in June after critics accused him of not doing enough to keep residents and business owners safe amid a wave of crime. Brooke Jenkins (right) has since taken over and fired 15 members of Boudin’s team.
Earlier in the summer, Breed announced that the city’s official open-air drug market in the heart of San Francisco’s Civic Center would close at the end of the year.
A facility that allegedly spent $19 million in taxpayer cash only treated 1 in 1,000 users and failed to reduce the number of fatal overdoses, reveals later.
But while the site has been shut down, public drug use appears to be on the rise, with a shocking video posted in July showing school kids navigating a street full of homeless people. It gates and shows some men using drugs outdoors.
The video, posed by Ricci Wynne, shows elementary school kids nodding on the sidewalk as they exit the 14th Transit Line in Golden Gate City near 8th Avenue and the Pacific Gas and Electric Company building. It shows passing ten sick patrons.
“This is not an ally,” Wynn tweeted. “This is the main artery of a hijacked city Goodbye [SIC] A drug dealer and now pure filth,” Wynn said in a tweet.
“I’m just trying to give people an image of the street and the situation. [the public]'” he said in another video. “Raise awareness…I’m trying to see if I can get the streets back because I’m calling for change and losing out here.”
A shocking video released earlier this month shows school children walking through one such market, a filthy outdoor drug den of homeless addicts, after getting off the school bus at the end of the day. Indicates that you must pass through.
The video, posed by Ricci Wynne, shows elementary school children walking past dozens of sick users nodding on the sidewalks, and golden at the 8th Avenue and Mission of the Pacific Gas and Electric Company building. It showed getting off the 14 transit lines of Gate City
School kids were forced to turn in passed homeless addicts who gathered on the sidewalks of 8th Avenue and Mission to do drugs
Earlier this month, it was revealed that Bay Area office vacancy rates rose to 24.2% in the most recent financial quarter. This is up from 23.8% in the previous quarter.
The stats show the city’s failure to recover following the initial coronavirus outbreak, with homeless camps and open-air drug markets becoming commonplace on the streets over the past two years.
As crime continues to soar, office workers continue to feel increasingly unsafe, opting to work from the safety of their homes rather than leaving for the traditional commute.
The recent pull towards remote work combined with massive layoffs is saving money for large businesses, while small businesses in the region are struggling. The presence of currently absent workers to make a profit.
Adding to the struggle is the recent employment freezes recently implemented by some of the region’s biggest companies, such as Google, further reducing human traffic in the now crime-ridden urban hub. .