South Florida may have dodged some of the recent hurricanes, but it is still experiencing turbulence, especially in the condo market. Has it hit bottom yet? Peter Fitzgerald, COO of the The RADCO Cos., talks about what’s in the sector’s forecast.
Where does South Florida’s condominium market stand right now? Have you seen any recovery, or [...]
When large South Florida developers needed money, they often turned to Lehman Brothers.
That role ended in dramatic fashion when Lehman filed for bankruptcy protection. But Lehman still controls nearly $2 billion in large loans throughout the region, meaning the bank’s demise will play out across South Florida’s besieged real estate market.
Among the local projects Lehman [...]
The housing market crisis in south Florida was a “perfect storm” of oversupply, fraud, speculation, and tight credit, and it could take a couple of years for the Miami condo market to work through its oversupply, Miami Mayor Manny Diaz said on Wednesday.
Many Miami real estate developers “clearly” built more housing units than they should [...]
Bill Barnes, the new leader of the Bonita Springs-Estero Association of Realtors knows he is taking the helm in the midst of stormy economic times.
“It’s easy to guide a ship when the ocean is flat,” Barnes said. “We’re on the outer edges of a hurricane here.”
Barnes is a manager and developer of 13 different real [...]
Renters looking to live closer to work and play are making apartments scarce and driving up prices in the downtown Miami area, according to a recent tracking report.
Fewer than 800 units are available for rent, despite a construction boom during the last five years that produced nearly 21,000 new residences.
Bal Harbour-based Condo Vultures Realty says [...]
Aventura is an upscale condo community with some of South Florida ’s best-known condominiums. Aventura is a vibrant city that is perfect for a wide variety of people. Single young professionals own condos in Aventura. Other condominiums are perfect for families, while still others are internationally known for their luxury and glamour.
There is plenty of [...]