#commercial-real-estate-sales

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Real estate
fromInquirer.com
3 weeks ago

Many of Philadelphia's office buildings are plummeting in value - and it's costing the city millions

Center City Philadelphia office buildings are selling for far below previous prices and assessed values, prompting purchases by residential developers and out-of-market investors.
Real estate
fromThe Mercury News
1 month ago

San Jose hotel sells for less than prior value in weak lodging market

Bay Area hotel weakness led to Sonesta Select San Jose Airport sale for $14 million, about 40.9% below assessed value, risking reduced public revenue.
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