Government can’t soften blow to U.S. economy

Editorial No one can now deny the obvious: The housing bubble, especially in high-priced real estate markets, has popped. New home sales are projected to fall nationwide to 805,000 this year, down 23 percent from 1.05 million last year, the National Association of Realtors has reported. If that happens, it would be the worst year […]

Financing holds up downtown hotel refurbishment

By Tony Parra: PNT Staff Writer Completion of financing details is all that stand in the way of starting the remodeling effort of the Portales Inn. Steve Nishimuta, a San Diego developer, is hopeful the remodeling of the Portales Inn will begin in the summer. Nishimuta said he and his business partners are in negotiations […]