Credit: Daniel Korzeniewski/Adobe Stock. Is the Condo Model Failing? South Florida's Future Involves Terminations, Distressed Properties
"Unless the legislature gets very aggressive about how they require them to be managed, I think the model of voluntary funding is simply wrong. I think it will lead to a lot of condo failures over the next few years," said Tyler Berding, a founding partner of the construction defect law firm Berding & Weil.
November 18, 2022 at 04:02 PM
6 minute read
Real Estate News
As developers see investment opportunities in distressed properties, some real estate professionals say it's likely South Florida will see more terminations as condos compete for engineers to fix construction problems and prices continue to rise.
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