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Lender grabs big Oakland housing complex as real estate slump worsens

by Mark McDuffie
Lender grabs big Oakland housing complex as real estate slump worsens

OAKLAND — A lender has grabbed ownership of a big apartment complex in Oakland, an ominous setback that suggests financial cracks have begun to materialize even in the Bay Area’s …

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NPA provisioning for banks moderates in Q2 driven by PSBs

by Mark McDuffie
NPA provisioning for banks moderates in Q2 driven by PSBs

Provisioning for bad loans by banks fell in the September quarter for the second consecutive period based on year-on-year comparison driven by the public sector banks (PSBs). For a sample …

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Big San Jose apartment complex lands key loan that enables upgrades

by Mark McDuffie
Big San Jose apartment complex lands key loan that enables upgrades

SAN JOSE — A big San Jose apartment complex has landed a key loan that will bankroll a wide-ranging upgrade of the property, which consists of affordable units. Monte Alban …

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Big San Jose hotel seeks fresh financing to replace shaky real estate loan

by Mark McDuffie
Big San Jose hotel seeks fresh financing to replace shaky real estate loan

SAN JOSE — The owner of a big San Jose hotel has crafted a plan to land a crucial round of financing for the lodging tower — even as the …

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Lender seizes big San Jose office building in grim sign of market woes

by Merchant Moller
Lender seizes big San Jose office building in grim sign of market woes

SAN JOSE — A big office building in San Jose has been seized by its lender, despite a bankruptcy case that sought to ward off the foreclosure, in a sign …

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Oakland housing tower is grabbed by lender over failed property loan

by Arthur Bolly
Oakland housing tower is grabbed by lender over failed property loan

OAKLAND — An Oakland housing tower has been seized by its lender due to a delinquent real estate loan for the highrise, which has become an eye-catching addition to the …

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Downtown Oakland tower project site tumbles into real estate loan default

by Arthur Bolly
Downtown Oakland tower project site tumbles into real estate loan default

OAKLAND — The site for a residential tower that could have become an eye-catching addition to the skyline of downtown Oakland has toppled into a loan default, raising questions about …

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The Federal Reserve Could Lower Interest Rates, Which Is Good News For Your Car Loans

by Nevil Nickel
The Federal Reserve Could Lower Interest Rates, Which Is Good News For Your Car Loans

Photo: Justin Sullivan (Getty Images) Jerome Powell, chairman of the Federal Reserve, said earlier today that inflation is on its way back down to reasonable levels — levels that would …

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San Jose mixed-use tower site loan goes into default amid office woes

by Arthur Bolly
San Jose mixed-use tower site loan goes into default amid office woes

SAN JOSE — A loan for a proposed tower project at a prime downtown San Jose site has tumbled into delinquency and default, a fresh indicator that economic woes haunt …

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San Jose office building may dodge foreclosure with bankruptcy plan

by Sipho Sepamla
Lender seizes big San Jose office building in grim sign of market woes

SAN JOSE — A big north San Jose office building might dodge foreclosure if a federal judge approves a bankruptcy plan that’s being floated to reorganize the empty property’s feeble …

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