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SAN FRANCISCO-As part of a reorganization plan filed last week in US Bankruptcy Court, the owner of the Clift Hotel here proposes to pay off creditors by selling the 373-room hotel to affiliates of Divco West Properties for $71 million. Most of the money would be used to pay off the $67 million in securitized debt on the property.
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May 12, 2026
However, leasing dropped by eight percent.
May 12, 2026
Debt funds and mortgage REITs take the majority share while banks and CMBS pull back.
May 12, 2026
GlobeSt. will recognize those that drive the sector's performance as the 2026 Influencers in Industrial. Nominate a candidate before the submission deadline on May 27!