Owner surrenders two major San Francisco hotels to lender, citing concerns of high office vacancy, 'street conditions,' and weak convention calendar

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Originally published at: Owner surrenders two major San Francisco hotels to lender, citing concerns of high office vacancy, 'street conditions,' and weak convention calendar | Boing Boing

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Jingle mail makes a comeback.

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If only there was some way that we could solve the “vacant buildings” problem and the “rampant homelessness” problem at the same time…

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I see that the 2008-era convention of speaking of corporations voluntarily defaulting on their real-estate related loans as pragmatic decisionmakers; unlike the filthy deadbeats in the residential market, remains intact.

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