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SANTA CRUZ, CA-The $22-million financing for the Coast Santa Cruz Hotel here was used to pay off the existing mortgage and provide funds for renovation. The owner had wanted to replace the hotel and add a conference center, but the idea was shelved in the face of strong opposition.
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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!