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News

12/19/2024 About 3 dozen high-rise buildings in South Florida are sinking, a study finds - NPR

Almost three dozen high-rise condos and luxury hotels along the beach in South Florida are sinking or settling in unexpected ways, in some cases because of nearby construction, according to a new study.
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12/13/2024 Five Park, tallest residential tower in Miami Beach, opens - South Florida Agent

Five Park, the first new luxury residential tower in Miami Beach in over 10 years, has opened for occupancy, bringing 226 move-in-ready condominiums to market.
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12/9/2024 Hollywood condo owners ask lawmakers for help with nearly $60M special assessment - NBC Miami

Owners in one Hollywood condo community are asking state lawmakers for help after learning of a nearly $60 million special assessment just a year or two after going through extensive structural repairs.
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12/6/2024 Naftali Group, Viceroy Hotels team up for South Florida condo project - CoStar

New York developer Naftali Group has launched sales at Viceroy Residences Fort Lauderdale, a new hospitality-branded condominium.
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12/2/2024 New bodycam video shows moment man fires 200+ rounds at Florida condos - Channel 8 News

Newly released body camera video shows deputies responding to the Thanksgiving Day shooting, as a man fired more than 200 rounds at neighboring condos in Florida.
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11/27/2024 Dependable Equities to develop twin condo towers in Fort Lauderdale

Brooklyn-based developer Dependable Equities is set to begin construction of Ombelle Fort Lauderdale, a pair of 43-story towers with 775 condominiums, in Fort Lauderdale’s Flagler Village.
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11/25/2024 South Florida Condo Project Lands $424 Million Construction Loan - Bloomberg

Developers behind a luxury condominium project in Florida's Bal Harbour secured a $424 million construction loan from Elliott Investment
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11/20/2024 My Safe Florida Condo gets mixed reactions as pilot program rolls out - WPTV

The condo version of the My Safe Florida Home program is now officially up and running, open to condo associations for grants to make storm-related improvements.
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11/13/2024 Once a retirement haven, Florida’s condo crisis is pricing seniors out - Tampa Bay Times

Regulations passed after the Surfside building collapse were supposed to make condos safer. But some say they’ve just made them more expensive.
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11/11/2024 Florida Housing Market Forecast for Next 2 Years: 2025-2026 - Norada

The Florida housing market has always been a topic of interest for buyers, sellers, and investors alike. With its sunny beaches, vibrant cities, and booming tourism industry, the real estate market in the Sunshine State has seen significant growth over the years. However, with any market experiencing rapid growth, there comes the question of sustainability and the potential for a downturn.
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11/7/2024 57-story tower planned in Miami - South Florida Business Journal

The building would feature both apartments and condos likely to range from 400 to 1,500 square feet.
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10/31/2024 What will happen to South Florida’s skyline? Why condo buyouts are on the rise - AOL

South Florida in 2023 saw the highest number of condominiums selling out to developers since the pandemic. More buyouts are in the pipeline, raising questions about the future of South Florida’s skyline.
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10/29/2024 Owners of Older South Florida Condos Are Watching Values Plummet - Barrons

The disconnect in the South Florida condo market deepend in the third quarter, as newer inventory continued to fly off the shelf at higher prices, while older stock piled up and lost value, according to a report from ISG World released Thursday.
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10/23/2024 Storms be damned, Florida keeps building in high-risk areas - Florida Trend

Driving through the mess left behind by the twin hurricanes that slammed Florida, it doesn’t take long to pass a construction site for another batch of new homes. Among them is La Linda Estates, which is being built in a high-risk flood zone on a barrier island near where Milton made landfall. Florida built 77,000 new properties in high-risk flood areas since 2019, the most in the nation.
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10/11/2024 State revokes condo property manager's license after years of complaints - NBC

People living in several South Florida condo communities say they have been fighting for years to take back control of where they live. All telling NBC6 their property manager, hired by their boards, has been abusing his power and their money.
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10/8/2024 Growing Glut of Older Condos Is Threatening the South Florida Housing Market. Here’s Why. - Mansion Global

Owners at thousands of older Florida condo buildings that have long put off critical repairs will soon have to pay up under a law passed following a 2021 building collapse in Surfside. The fallout is already leading to a deluge of discounted condos on the market, which is threatening to upend Florida’s condo-dense housing markets—particularly in South Florida.
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10/2/2024 Maxim Capital, BH3 Lend $74M on South Florida Condos Development - Commercial Observer

New Jersey developer U.S. Development has secured $73.8 million of construction financing to build a condominium project in Florida’s Broward County, Commercial Observer has learned.
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9/27/2024 Residents forced to evacuate Fort Lauderdale condominium after building reportedly deemed unsafe - WSVN

Residents of a condo in Fort Lauderdale have been forced to leave their building after a structural engineer reportedly deemed it unsafe. The last-minute notice happened as Hurricane Helene is set to make landfall in Florida. Residents of Springbrook Gardens at 125 North Birch Road were told to evacuate, Thursday. “It makes no sense to me,” said a resident.
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9/26/2024 DeSantis promises relief for Florida condo owners by year's end. But how? - Florida Trend

Gov. Ron DeSantis said the Legislature would step in before the end of the year to help condominium owners facing financial turmoil as a result of new building safety regulations that go into effect Jan. 1. Still, the governor would not commit to calling a special session himself. And last month, Republican leaders rejected calls to reconvene the Legislature early to tackle the condo issue.
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9/24/2024 Florida’s condo laws impact Key Biscayne, Brickell and all of South Florida - Islander

Mandated safety improvements. Special assessments. Higher insurance costs. Condominium owners in Florida are finding out that it's getting a little tougher to enjoy a slice of paradise. Even on Key Biscayne.
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