Two historic downtown Grand Rapids buildings generating more than $150,000 annually as Airbnbs have hit the market for just under $1.75 million. Ryan Ogle and Jodi Smith, brokers with EXP Realty, have the listing for two buildings operating as short-term rentals at The Inn on Jefferson in downtown Grand Rapids, on Jefferson Avenue just south of Fulton Street. The sellers declined to be named in this article for privacy reasons. The listing includes a 4,577-square-foot house and a converted 3,300-square-foot former warehouse, each of which has two distinct guest suites. Together, the two buildings offer nine bedrooms that can accommodate 15-20 people. The brokers said the property currently generates annual gross rents of $157,832.32 based on an average booking rate of two nights per week. The sellers make about $63,052 in annual net operating income, which could double if the buyers increase to four nights of bookings. The property’s hotel license is good through February 2026 and can be renewed annually after that. The properties are billed as “luxury” suites in a prime location walkable to downtown. Read more here: https://lnkd.in/gKQmagpU
Historic GR buildings as Airbnbs hit market for $1.75M
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Are luxury apartment amenities worth the higher rent? “They’re great for leasing, but only about 20% of tenants use them 80% of the time,” said Timothy Wright, director of SDSU The Corky McMillin Center for Real Estate, in an interview with ABC 10News San Diego | KGTV Channel 10. He shared how the rise of luxury amenities is driving up rent prices across San Diego, and how these features can attract tenants but often come with significant development and operating costs, urging renters to weigh the true value of what they’re paying for. Check out the full story here: https://lnkd.in/gHyMJ2mB
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Miami ranks 7th in the United States for new apartment construction. Miami built more apartments in 2025 than most U.S cities, according to a new study from RentCafe. By the end of the year, the Magic City will have added a total of 15,666 units. Read more from South Florida Agent Magazine: http://bit.ly/46xmf7T #southfloridaagentmagazine #rentcafe #miaminewdevelopments #miamiapartments #miamiconstruction #newdevelopmentconstruction #realestatenews #miamirealestatereport #miamihousingmarket #miamirealestatetrends #southflorida #southfloridarealestate #southfloridahomes #southfloridarealestatemarket #southfloridanewdevelopments #southfloridaluxuryrealestatemarket #southfloridaresidences #luxuryliving #luxuryrealestate #luxuryrealestateproperties #luxuryresidences #luxuryhomes #luxurycondos #luxurylifestyle #onesir #reiterpropertygroup #karenreiter #karenreiterproperties
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The Best and Worst Performing Condos in Miami Beach — 2025 Not all condos in Miami Beach are created equal. In 2025, some towers are seeing record-breaking sales while others are quietly falling behind. To cut through the noise, we analyzed every major building in the area — looking at price per square foot, resale velocity, HOA fees, and owner-to-renter ratios. The result? A clear snapshot of Miami Beach’s true top performers and underachievers, plus the surprising gaps that reveal where real value still exists in one of South Florida’s most established waterfront markets. 📖 https://lnkd.in/eiVMNpsv #MiamiBeachRealEstate #LuxuryCondos #RealEstateInsights #MiamiRealEstate #DavidSiddonsGroup
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Breaking News for Luxury Real Estate Enthusiasts 🏡🚀 After nearly a decade at the top, Atherton’s 94027 ZIP code has been unseated as America’s priciest ZIP code. Miami Beach’s Fisher Island (33109) surged ahead in 2025 with: • 65% year-over-year jump in median sale price • New median of $9.5 million Meanwhile, Atherton continues to shine: • #2 most expensive ZIP in the U.S. with an $8.33 million median sale price (+5% YoY) • Home to sprawling estates on one-acre (minimum) lots • Favored by tech founders, venture capitalists, and high-net-worth buyers • Recent standout: a newly completed $55 million mansion brimming with luxury amenities Key Takeaways 1. Fisher Island’s meteoric rise underscores continued demand for exclusive island living. 2. Atherton’s sustained price growth bucks national trends of softening home values. 3. Top-tier markets evolve—but the appetite for luxury real estate remains as strong as ever. Whether you’re tracking market shifts or exploring your next high-end investment, this dynamic landscape offers fresh opportunities—and fresh stories. Let’s keep the conversation going: What trends are you seeing in your local luxury markets? 👇 #RealEstate #LuxuryRealEstate #HousingMarket #SiliconValley #MiamiBeach #MarketUpdate #mohamadlababidi #realestateagent #firsttimehomebuyer
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Luxury strata buildings shouldn’t just be clean...they should feel like a 5-star experience 🏨 In high-end developments, presentation isn’t a nice-to-have, it’s part of the property’s value. From sparkling lobbies to fingerprint-free lifts and uniformed cleaners who actually greet residents, every detail shapes perception. That’s why at CSA Cleaning, we believe luxury strata sites deserve hotel-grade presentation standards, not just “routine cleaning”. We’ve broken down what that means for developers, strata managers, and residents, check it out on our blog (link in comments)🙌🏻 #professionalcleaningperth #stratacleaningperth #perthpropertycleaning
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An investment group that includes Dug Song has purchased the historic Inn on Ferry Street in Midtown. It’s the latest Detroit real estate investment for the Ann Arbor tech titan, whose Song United is joining up with Indianapolis-based Witness Investment and Washington, D.C.-based Deep Dive Hospitality to add new features to the 33-unit property, including a fine-dining restaurant and micro retail outlets, as well as art and gathering spaces. Those improvements are expected to be complete by the end of next year. The complex, located on East Ferry Street east of Woodward Avenue, will be managed by New York City-based Ash Hotels. It's the same company behind the redevelopment of the former Wurlitzer Building on Broadway Street downtown into the 106-room boutique Siren Hotel. More here in Crain's Detroit Business https://lnkd.in/eu5T8DbM
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In a recent interview with Invest:Tampa, Dominic Pickering, Executive Director at Marina Pointe, shared insights into the company's strategic vision and the evolution of Tampa Bay's luxury real estate market. Dominic highlighted the success of Marina Pointe, with Tower I sold out and sales launched for Luna at Marina Pointe. He emphasized Tampa Bay's emergence as a premier destination for waterfront, luxury living, offering a blend of upscale urban residences and waterfront developments. Read the full interview to learn more about Dominic's perspective on shaping Tampa Bay's real estate landscape. 👉 Read the full interview: https://bit.ly/47nmjr4 #BTIPartners #DominicPickering #TampaBayRealEstate #LuxuryLiving #MarinaPointe #WestCoastFlorida #RealEstateDevelopment #LeadershipInsights
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When the math IS mathing! Great explainer on why City of Toronto’s gentle density approach aka missing middle housing aka multiplex/other as-of-right zoning permissions make sense… #housing #cityplanning #multiplexes “The city has allowed up to four units, plus garden or laneway suites, without special permission since 2023, and in June, passed a bylaw permitting up to six units in the old city of Toronto, East York, and the ward of Scarborough North. “That’s huge, and if you’re able to take a single-family dwelling and put five units in there it’s a lot more profitable than building a custom home and selling it,” said Ayon. “The builders that do custom homes for resale are really taking a big hit.””
Thanks to Behzad Ayon for speaking to me about why he's shifting to rentals, and letting Arlyn McAdorey and I tour his new East York Multiplex.
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The real estate market downturn has got builder Behzad Ayon planning small-scale rental housing, while other custom builders take ‘a big hit.’ Read the latest from May Warren.
Thanks to Behzad Ayon for speaking to me about why he's shifting to rentals, and letting Arlyn McAdorey and I tour his new East York Multiplex.
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South Florida’s aging malls are turning into major redevelopment opportunities. Galleria Mall, Southland Mall, and Sunset Place are part of projects totaling around $4 billion. These developments will add over 8,000 residential units, hundreds of hotel rooms, and upgraded retail space. Galleria alone will see eight residential towers, more than 3,000 units, and a 170-key hotel. With Miami-Dade needing about 10,600 housing units annually and stabilized rents falling 6.1 percent to $42.56 per square foot, these projects show how creative development can meet both housing and commercial needs. Excited to watch how these projects reshape South Florida. #SouthFloridaRealEstate #MixedUseDevelopment #CRE #UrbanGrowth #HousingSolutions
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