As we continue our series on South Florida’s housing crisis, tonight we focus on condos. Some of the estimated 3.5 million Floridians living in condo units face a perfect storm of financial problems, with no easy fix.
David Podein, attorney, Haber Law: “I think it is a dire situation on the horizon.”
Condo law attorneys David Podein and Jonathan Goldstein are sounding the alarm.
David Podein: “Between skyrocketing insurance costs, the huge capital needs for the structural repairs and the mandatory reserve funding, we felt that there is this confluence of factors that could create a ‘zombie condo.’”
“Zombie condos” are large buildings that are mostly empty because many of the owners couldn’t afford to live there anymore.
Two Roads Development’s efforts to terminate and demolish a Miami condo remains blocked after a…
Miami and West Palm Beach-based Two Roads has long planned to develop an Edition Residenceson…
The owners and condo board at 1060 Brickell Condos, a two-tower, 45-story luxury high-rise in…
Court ordered the association, led by Jacob Kassel. to turn over control, records to winners…
The Florida Third District Court of Appeal’s revised opinion in Avila v. Biscayne 21 Condo.,…
The issue of whether a condominium association can restrict a unit owner’s attorney from attending…