Risks built into big condo deposits
The same paradigm shift that’s making condo developers less reliant on lenders by changing the way they finance construction is also generating new risks, observers say. Hefty deposits from buyers…
New Yorkers now top spenders for Miami homes
New Yorkers are emerging as the darlings of local real estate. Accustomed to expensive property and wanting to escape state taxes, they’re outspending other buyers to set up a local…
Residential developers raise caution flag
If, as the saying goes, there’s a time for every purpose, then this is the season for caution. Even though the real estate market is rebounding, industry leaders say savvy…
State incentives reclaiming city land
Garden apartments are among the developments sprouting on former polluted sites, thanks to a growing brownfield movement backed by state incentives. Cleanup is expensive, but supporters say those willing to…
Venezuela leads Latin real estate splurge
The latest industry report reiterates what top residential realty brokers have been saying: Latin American buyers are essential to the local market. Florida Realtors’ “2013 Profile of International Home Buyers…
Federal flood insurance reform jolts realty world
A deal on a 12-unit apartment building in Allapattah hit an unexpected roadblock last week, just as Emilio Palomo was getting ready for the closing. “Although they don’t need flood…
Pricy Fisher Island land goes for sewerage
A project to improve the sewage flow in Miami Beach led to talks to acquire nearly $4 million in land on Fisher Island to complete the work after engineers discovered…
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