News
Loan defaults pile up at hotels along stretch of San Jose thoroughfare
10+ hour, 31+ min ago (378+ words) Yet another San Jose hotel has flopped into loan default as the Bay Area's lodging market navigates an ongoing period of distress. The 52-room Fontaine Inn in east San Jose is in default on a $6. 5 million loan, Mercury News reported,…...
Kalthia Group buys another San Jose hotel as Bay Area lodging market navigates defaults, foreclosures
2+ day, 9+ hour ago (142+ words) Hotel construction in region slows as fundamentals scare off developers Kalthia Group Hotels is continuing its San Jose hotel-buying spree with another acquisition on the north side of town." The San Diego-based hotel investment and management firm purchased the 88-room…...
Investors buy another San Jose office building for nearly $14 M
2+ day, 10+ hour ago (224+ words) Silicon Valley city's office buildings trading at rapid clip in active spring buying season Investors have snatched up another San Jose office building in an active spring for the local commercial market." Led by Silicon Valley real estate executive Shri…...
Former Greyhound station in downtown San Jose slated to become concert venue
2+ day, 13+ hour ago (209+ words) Entertainment district planned with proposed multifamily projects to rise in surrounding area The fate of the beleaguered former Greyhound station in downtown San Jose is finally coming into focus under the ownership of Mill Creek Residential Trust." Two longtime vacant…...
Paceline moves deeper into San Jose office market with $33 M buy
3+ day, 11+ hour ago (503+ words) Paceline Investors is adding to its San Jose commercial property collection. An affiliate of the San Francisco-based investor acquired the two-story building at 350 East Plumeria Drive for $33 million, the Silicon Valley Business Journal reported. Galaxy Properties sold the structure four…...
Panoramic joins Bay Area school-to-resi pipeline with Berkeley project
4+ day, 10+ hour ago (269+ words) Housing needs across region call for creative thinking in construction site choices Panoramic Interests is looking to add to the growing number of school sites in the Bay Area being considered for housing construction." The San Francisco-based firm filed permits…...
Distressed San Jose resi tower sells for $175 M, shifts to mixed-income
1+ week, 1+ day ago (321+ words) Lender Madison Realty Capital provided $134 M in financing after seizing ownership following loan default The Fay residential tower in downtown San Jose is under new ownership after falling into default last year." The sale arrives on the heels of an…...
San Jose La Quinta latest Bay Area hotels in default
1+ week, 1+ day ago (499+ words) Another Bay Area hotel has fallen into default as the area's lodging sector navigates widespread distress in the post-pandemic years. The La Quinta Inn & Suites at 1036 North Fourth Street in San Jose is now in default on a $16 million loan,…...
El Segundo offers second choice for Westside office tenants
8+ mon, 1+ week ago (326+ words) Playa Vista-based media agency leased 68 K sf in Frank Gehry-designed building Media marketing agency Canvas Worldwide is moving its West Coast headquarters to another part of the Westside." The firm is relocating from Playa Vista to El Segundo, L. A. Business First…...
Newly built affordable housing community outside Bay Area trades for $84 M
1+ week, 2+ day ago (305+ words) Elk Grove on hook to plan for nearly 4. 3 K income-restricted units by 2029 Hudson Valley Property Group is moving deeper into the Golden State with its latest investment in Northern California." The New York City-based firm acquired Mosa Apartment Homes, a…...