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Domestic and business travel has declined in the face of hotel price hikes over the last few years and rising gas prices. Airlines including Spirit, Alaska, and Southwest have all reported disappointing domestic travel. Corporate travel is also down from its highs, and a cash-strapped consumer cannot make up the difference. Alaska says business travel…
A US$ 415 million loan for Marriott Courtyards proved too rich for Cerberus Capital Management and real estate investor Highgate Capital Group. The duo missed payments for two months running, and an extension has been requested due to their inability to pay the debt service. Insurance costs are partly to blame, with double digit increases…
A historic San Francisco hotel that's nestled atop famed Nob Hill was bought for a fraction of the property's assessed value.
A historic San Francisco hotel that's nestled atop famed Nob Hill was bought for a fraction of the property's assessed value.
Home Depot has leased a new logistics and warehouse complex in San Jose, a deal that points to ongoing strength in the industrial property market in Silicon Valley.