Last Updated: December 30, 2008 08:32pm ET

Padre Hotel Partnership Launches $18M Renovation

By Bob Howard

BAKERSFIELD, CA-The renovation of the 10-story, 80-year-old hotel will rehab the interior in a plan designed to restore the property to its previous popularity.

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Distressed CRE Continues to Ebb

WASHINGTON, DC-A forthcoming report from Delta Associates shows that distressed commercial real estate in the United States totaled $166.9 billion in January 2012, down $4.7 billion since October 2011.

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