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Hotel sales implode in Bay Area and California as lodging woes widen
![Investors paid an aggregate of $447.5 million for hotels in Northern California during the first six months of 2024, according to a new report. Investors paid an aggregate of $447.5 million for hotels in Northern California during the first six months of 2024, according to a new report.](https://cdn.statically.io/img/www.mercurynews.com/wp-content/uploads/2024/08/SJM-L-BAYHOTELS-x-02.jpg?w=620)
Investors paid an aggregate of $447.5 million for hotels in Northern California during the first six months of 2024, according to a new report.
![Knott’s 2025 season passes go on sale on Aug. 8 at a deep discount through Sept. 2. Knott’s 2025 season passes go on sale on Aug. 8 at a deep discount through Sept. 2.](https://www.mercurynews.com/wp-content/uploads/2024/08/OCR-L-CEDAR-FAIR-SIX-FLAGS-1103-20.jpg?w=130)
Knott’s-Magic Mountain season pass combo costs $1,459 less than Disneyland Magic Key
Knott’s 2025 season passes go on sale on Aug. 8 at a deep discount through...
![California is taking the biggest hit. By the time the latest 75 stores close, it will operate just 34 locations in the state. California is taking the biggest hit. By the time the latest 75 stores close, it will operate just 34 locations in the state.](https://www.mercurynews.com/wp-content/uploads/2024/08/OCR-L-BIGLOTS-0809.jpg?w=130)
Big Lots closing 75 stores in California. See the list
California is taking the biggest hit. By the time the latest 75 stores close, it...
![An office tower in downtown Mountain View has landed several leases. An office tower in downtown Mountain View has landed several leases.](https://www.mercurynews.com/wp-content/uploads/2024/08/SJM-L-MVDTOFFICE-x-01.jpg?w=120)
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Mountain View office tower grabs lively tenant activity with leases
An office tower in downtown Mountain View has landed several leases.
![When mortgage rates grow, California home prices average 10%-a-year gains. Rates down? Only 4.4% increases. When mortgage rates grow, California home prices average 10%-a-year gains. Rates down? Only 4.4% increases.](https://www.mercurynews.com/wp-content/uploads/2024/08/Homes-v-Jobs@2x.jpeg?w=140)
Are cheaper mortgages bad news for California’s housing market?
When mortgage rates grow, California home prices average 10%-a-year gains. Rates down? Only 4.4% increases.
![7-Eleven in Japan is known for its high-quality food items. Now, they are trying it in the U.S. 7-Eleven in Japan is known for its high-quality food items. Now, they are trying it in the U.S.](https://www.mercurynews.com/wp-content/uploads/2024/08/SUT-L-7Eleven-01.jpg?w=117)
Can 7-Eleven change its U.S. image and become more like the stores in Japan?
7-Eleven in Japan is known for its high-quality food items. Now, they are trying it...
![A big north San Jose office building has been bought for more than $60 million. A big north San Jose office building has been bought for more than $60 million.](https://www.mercurynews.com/wp-content/uploads/2024/08/SJM-L-SJNPROPBUY-x-01.jpg?w=117)
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San Jose office building is bought at higher price, in market rarity
A big north San Jose office building has been bought for more than $60 million.
![Costco knows you’re using your friend’s membership card. To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to catch membership moochers before they even get in the door. Costco knows you’re using your friend’s membership card. To save you the embarrassment of telling you off when you’re in the checkout line, now Costco will try to catch membership moochers before they even get in the door.](https://www.mercurynews.com/wp-content/uploads/2024/08/OCR-L-COSTCO-SCANNERS-02.jpg?w=134)
Costco is cracking down on membership moochers
Costco knows you’re using your friend’s membership card. To save you the embarrassment of telling...