The company's CEO plans to give up the properties, blaming remote work and "street conditions."
• Hotel loan delinquencies are falling nationwide, according to Trepp.
By now, defaults on San Francisco office building loans should come as little surprise, with the permanence of remote or hybrid work emptying the downtown of white-collar workers. Even the architectural trophy…
This story from businessinsider.com was posted on 2023-06-07 by @glimmerfox.