CEO of world's largest industrial landlord is mugged by two gunmen outside his $15M home in San Francisco and slams Mayor London Breed for 'unacceptable levels of violence': 'Our city may be so far down the path toward decline that we may never recover'
- Hamid Moghadam, CEO and president of real estate giant Prologis, revealed he and his wife were robbed by two gunmen outside their home on June 26
- He said the thieves assaulted him in front of his $15 million home in the wealthy Pacific Heights neighborhood, in San Francisco
- The multi-millionaire has called on Mayor London Breed and other elected officials to end an 'unacceptable level' of crime and violence in the city
- He warned that if soaring crime did not stop, the city would lose its reputation and see a fall similar to the ones experienced in Detroit and Cleveland
- Breed and new District Attorney Brooke Jenkins have vowed to crackdown on crime after former DA Chesa Boudin was recalled last month
The CEO of the world's largest industrial real estate firm and his wife were mugged by two gunmen outside their $15 million home in crime-ridden San Francisco as he calls on Mayor London Breed to end an 'unacceptable level' of crime and violence.
Hamid Moghadam, president of real estate giant Prologis, revealed that he had been robbed and assaulted by two armed men outside his Pacific Heights home on June 26, the San Francisco Business Times reported.
Shaken up by the incident, Moghadam said he has sent a letter to Breed, the city's Board of Supervisors and California Gov. Gavin Newsome, calling on elected officials to crackdown on soaring crime in the city.
'I recognize we live in an urban environment, but the level of crime, including violent behavior, has become absolutely unacceptable,' Moghadam wrote.
'I am deeply concerned that our city may be so far down the path toward decline that we may never recover — or at least not for a long, long time.'
'I would say, right this second, San Francisco is probably the most dysfunctional city in America,' he added.