Sonder’s sudden implosion last month has left a trail of vacant buildings and frustrated landlords across Los Angeles. Owners who bought properties to be occupied by the defunct short-term rental company are now scrambling to plug holes in their income statements, Bisnow reported. Those owners now either have to find new operators for their properties or sell them off. That’s easier said than done, as they’ll be harder to backfill than they were three to four years ago, when many property owners signed leases with Sonder, as the hotel market in Los Angeles remains depressed. “From a buyer standpoint, this […]
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