YOTEL San Francisco, a downtown hotel known for its trendy, tech-savvy design and micro hotel rooms, was acquired last month for $62 million at a foreclosure auction, the San Francisco Business Times reported. The 203-room hotel on Market Street and Seventh Street was foreclosed on after its owner, Synapse Development Group, defaulted on $64.5 million in
San Francisco is not the easiest place to become a homeowner. Despite a recent housing market slowdown that caused local home prices to drop, houses in the city are still notoriously expensive. According to Redfin data, San Francisco’s median home price for August was $1.3 million. That’s down from $1.5 million in July but still
Realtor.com, the second most visited website for real estate listings in the U.S., is laying off an undisclosed number of employees due to a recent slump in the housing market. In an email that was sent to the company's employees and shared with SFGATE, CEO David Doctorow said slowing sales volume in the real estate market
The Bay Area’s housing market is not known for its affordability. But as home prices continue to drop here, more and more cities are giving San Francisco’s pricey reputation a run for its money in the real estate department. According to RealtyHop’s latest housing affordability index, six cities have housing markets more unaffordable than San Francisco’s.