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Los Angeles has passed a short-term rental ordinance to help regulate the massive popularity of short-term rental activity and helps to level the playing field for hotel owners.
Spokane offers opportunities for lower costs than most other markets in the region, which is part of the impetus for Rover.com's lease for nearly 30,000 square feet in the renovated Wonder Building.
The Highlands property was purchased with a 97% leased rate, but that percentage is expected to fall shortly to approximately 70% due to pending lease expirations, Equus Partners reports.