Hotel Del Coronado (HDC) finds itself in a position common to many struggling homeowners. Over-leveraged and looking for a way to get out from underneath the crushing weight of a mountain of debt and the pending doom of a very large balloon payment on the horizon. It appears Blackstone Group (BX) sees an opportunity in purchasing the historic hotel while …
Forbes Ranks San Diego in Top 5 Housing Markets for 2011 and Beyond
In a recent analysis on home value outlook for 2011, Forbes has ranked San Diego number 5 of 315 housing markets nationally for home price appreciation. The finance publication, citing data from Local Market Monitor, predicts median home price increases for San Diego at 2% annually through 2013. The company analyzed data from real estate markets throughout the nation and …