# Business: San Francisco

Updated Fri Nov 6, 9:00 AM Pacific. Most important first.

- [Seven Equity Group plans to demolish downtown mall, per lender pitch](/stories/b2a5d04209.md): Seven Equity Group, in contract to buy a downtown mall for $132.5 million, outlined plans to tear it down in a pitch to lenders. (The San Francisco Standard, 2026-11-05 15:36 PT)
- [Owners of Phelan Building on Market Street stop loan payments](/stories/6e72eaf7b3.md): The owners of the century-old Phelan Building on Market Street have stopped paying off their loan, according to The San Francisco Standard. (The San Francisco Standard, 2026-11-04 14:57 PT)
- [Canva announces restructuring affecting more than 1,200 jobs](/stories/b864cb2254.md): Canva said restructuring will affect more than 1,200 jobs, according to a post from co-founder and CEO Melanie Perkins. The Australian company has a San Francisco campus. (KRON4, 2026-11-04 13:22 PT)
- [T&T Supermarket opens first San Francisco store on Geary Boulevard](/stories/5d9e56d184.md): T&T Supermarket, a Canadian Asian grocery chain, opened Thursday at 2675 Geary Blvd. next to the City Center Target, its second Bay Area location after San Jose. (KTVU FOX 2, 2026-11-05 12:21 PT)
- [City planners recommend approval of Sanctum Baths in SoMa](/stories/2648c0f274.md): City planners recommended approval of Sanctum Baths, a proposed gay bathhouse on 12th Street in SoMa. The Planning Commission is likely to give final approval Thursday. (SFist, 2026-11-04 15:50 PT)