From The Contra Costa Times:
Wolff Group Buys Sainte Claire Hotel in San Jose
An investment group headed by Oakland A's owner and realty entrepreneur Lew Wolff has snapped up the Sainte Claire hotel, a purchase that signals rising confidence by investors in downtown San Jose. "Cities like San Jose and Oakland are in the path of growth," said Wolff, a principal executive with Los Angeles-based Wolff Urban Development, in explaining some of the reasons behind the purchase. "San Jose has a fairly strong downtown." The group paid in the range of $17 million to $18 million for the 171-room hotel, according to industry sources familiar with the deal. Wolff didn't discuss the purchase price. The six-story hotel was built in 1926 and is in the National Register of Historic Places. Click here for the full story.