fromwww.mercurynews.com1 week agoSouth Bay hotel lands buyer at price below its assessed valueThe 229-room Sheraton San Jose was purchased for $20.1 million—47% below its $38.1 million assessed value—amid Bay Area hotel market weakness.
Silicon Valley real estatefromtherealdeal.com3 months agoOne in three distressed borrowers handing back buildings, experts sayBorrowers increasingly prefer deed-in-lieu arrangements to avoid foreclosure, complicating lender liabilities and clean up.