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Lone bidder purchases infamous Surfside condo site for $120M

Mon, 2022-05-23 18:27

Dubai-based luxury developer Hussain Sajwani has purchased the former site of the Champlain Towers South condominium for $120 million, according to The Miami Herald on Saturday. Sajwani was the only bidder for the oceanfront acreage where 98 residents died during a tragic building collapse last year.

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After 6 years of focus, Airbnb reports removing listings in China

Mon, 2022-05-23 18:04

CNBC reports the short-term rental company will maintain a presence in the country to focus on outbound travel from China.

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Atlantic City is the most affordable beach town in the U.S. in 2022

Mon, 2022-05-23 17:39

There's a misconception that homes in beach towns are unattainable for many Americans because of their higher prices, but Realtor.com says that's just not so — here's a list of affordable beach towns for homebuyers to explore.

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Ribbon, Cry-Leike partner to launch Power Buyer services in Arkansas

Mon, 2022-05-23 17:07

A leading independent real estate brokerage, Crye-Leike, was Ribbon's partner in launching Power Buyer services in Alabama in December.

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Short-term rental demand might set a record year, AirDNA report says

Mon, 2022-05-23 16:17

Demand is up 25 percent despite uptick in occupancy levels. Investors are earning more revenue and adding more supply.

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