#commercial-property-investment

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#hotel-foreclosure #bay-area-real-estate #hospitality-market #market-decline #real-estate-foreclosure
LA real estate
fromSFGATE
1 week ago

Denver-headquartered buyer scores 2 Bay Area hotels at deep discount

KSL Capital Partners acquired two Bay Area luxury hotels through foreclosure for $57.6 million, approximately $20 million below the $77.5 million purchase price from 2019.
East Bay real estate
fromThe Mercury News
1 week ago

Oakland tower bought at a discount after foreclosure

Bay Area investor Edward Hemmat purchased The Leamington historic tower in downtown Oakland for $14.4 million, a 58.3% discount from its $34.5 million valuation after foreclosure.
fromwww.theguardian.com
2 months ago

No longer unloved': retailers investing more in physical stores, UK data shows

The growth in online retail has fallen back and flatlined at between 26% and 28% of overall retail sales since a peak of 35% in mid-2020. Retail has outperformed all other types of commercial property this year, with 9.2% returns on investments in the year to September, Knight Frank said. This is ahead of industrial properties, at 9.1% and offices at 3.2%.
Real estate
Miscellaneous
fromYahoo Finance
6 months ago

Citi's London office overhaul costs hit $1.5 billion

Citigroup's London tower refit cost rose to $1.5 billion (£1.1bn), nearing its 2019 purchase price as the bank modernises offices to attract staff.
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