Synapse Development Group News Today

Convention bookers are choosing cities such as Las Vegas for events rather than San Francisco due to the crime and homelessness that are rife in the City by the Bay.

As many as 30 of San Franciscos hotel could fall into foreclosure as massive loans come due over the next two years and revenue remains in decline.

Most nonresidential construction projects are delivered late. And then there’s 1095 Market Street in San Francisco, an office building-to-hotel conversion that was supposed to take 18 months to complete but, for a host of reasons—some COVID related, others architectural—was finally finished last spring, five years after the project was started. A historic restoration helps transform an office building in San Francisco to a micro hotel.