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South Florida condo market faces headwinds amid the new construction boom

Only 11 bulk sales have been recorded in all of South. in Florida," reports Timiraos. "But Mr. Perez faces his own set of challenges as he asks for lenders to rework loans on a number of luxury.

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It is against this backdrop that opinion is growing that South Florida’s newest preconstruction condo boom – which stands at 171 proposed new towers with nearly 22,500 units and counting – is being pumped up by real estate brokers pursuing record-high presale commissions of as much as seven percent of a unit’s contract price.

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The bulk of the new livable space slated to be added to the tricounty south florida condo market east of Interstate 95 is to be concentrated in Miami-Dade County, where at least 20.5 million.

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But the most eye-popping rises have come in recent decades amid an era of mega casino-resorts that began when Steve Wynn opened the Mirage in 1989. It was the first new casino in 16 years and ignited.

 · In this June 4 photo, job applicants line up at the Seminole Hard Rock Hotel & Casino Hollywood during a job fair in Hollywood, Florida. (AP Photo: Wilfredo Lee) U.S. hiring slows amid.

“The press is telling us that the condo market in New. But “220 Central Park South has exceeded all expectations and is well into record-setting territory.” A post-recession boom in ultra-luxury.

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Goodbye 2018, hello 2019!As the new year approaches, Bisnow spoke with several industry execs, researchers and economists to uncover the major trends expected to dominate the commercial real.

Cranes still hover at construction sites throughout South Florida, tall testimonies to the high-rise construction boom that has rebuilt skylines on the state’s Southeast coast. But in the shadows of.

As the south florida real estate market faces a reality check, developers remain focused on areas in the tri-county region poised for growth. Take Jeff Greene, who compares himself to a kid in a candy store during the last downturn, having picked up development sites for 10 to 20 cents on the dollar.

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