#commercial-real-estate-sales

[ follow ]
#philadelphia-office-market #office-to-residential-conversion #property-valuation-decline #bay-area-hotels
Real estate
fromInquirer.com
1 week 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
2 weeks 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.
[ Load more ]