A prominent San Francisco real estate mogul who was mugged for his watch outside his $15 million Pacific Heights home says that the rampant crime rate has reached a tipping point, saying the city ‘may never recover’ because its residents have ‘no sense of security, Your Content has learned.
Hamid Moghadam, the CEO of Prologis, said that two armed robbers confronted him on June 26, flashed guns and took his Patek Philippe watch.
He lives in Pacific Heights, the city’s most exclusive neighborhood, where House Speaker Nancy Pelosi and financier Peter Thiel live.
Moghadam penned a letter to Mayor London Breed and Gov. Gavin Newsom warning that the city is at a ‘tipping point’ because of crime.
The real estate big wig said that he’s worried about his employees’ safety and businesses leaving because quality of life has plummeted,‘according to FlipBoard.