search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debtSterling Bay, JPMorgan at odds with Wells Fargo on $230M Fulton Market debtHousing deal critics spin themselves sillyHousing deal critics spin themselves sillyCharles Cohen’s 750 Lex value slashed by 83%, foreclosure loomsCharles Cohen’s 750 Lex value slashed by 83%, foreclosure looms
South Florida

Miami condo boom was big, not massive

Sign Up for the undefined Newsletter

Downtown saw more condos built or started in the last six years than the previous 40, a study shows. The 22,737 units counted up in a recent study is still a lower tally than many observers expected. Developers filed proposals with Miami government planners for more than 90,000 condo units during the peak of speculation in 2006. Now that the city has been hit hard by the subprime mortgage collapse and subsequent credit crunch, it is unclear how many of those will actually be added to the existing inventory.