California Hotels: A Market In Discomfort



The hospitality sector is a market many overlook as an overall indicator economy wise. By way of illustration, the rise in hotel foreclosures in California last year mirrored the state’s overall situation. According to this report from the LA Times, hoteliers across the state went out of business at a rate that was 66% greater than the year before. Think how many jobs this cost, how many homes and livelihoods were tied to those hotels.

BRE Properties Acquires $56.5 million Apartment Community



BRE Properties is now the proud owner of The Vistas of West Hills in Valencia, California. In an acquisition valued at $56.5 million, the apartment owner and management company purchased a 220-unity property built in 2008, consisting of 10 three-story buildings, all wood-framed and stretching across 9 acres.

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