Wells Fargo (NYSE:WFC) is completing a deal to sell a downtown San Francisco office property at a fraction of what it paid two decades ago. CoStar News, sourcing its coverage from unnamed “people with direct knowledge of the deal,” reported the 355,000-square-foot...
The real estate investment trust Park Hotels & Resorts (NYSE:PK) is defaulting on the loan for two of its San Francisco hotels, which it is releasing from its portfolio after citing concerns on the city’s “street conditions” and economy....
Builder confidence in the market for newly built single-family homes rose five points this month to 50, according to the latest Housing Market Index (HMI) report from the National Association of Home Builders (NAHB) and Wells Fargo (NYSE:WFC). This is the fifth...