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Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421a“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment deal“Investing before the ‘all clear’ sign”: Jon Gray on Blackstone’s $10B apartment dealSL Green, Vornado kick in $100M to extend 280 Park loanSL Green, Vornado kick in $100M to extend 280 Park loanMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loan
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Buyers in downtown Miami are now competing with investors in a market where the economic collapse has created opportunities. There have been 23,000 new condominium units built in Miami since 2003, CNBC’s Michelle Kosinski reports, and 37 percent of the condos are now for sale. She profiles a few units offering deep discounts, such as one with an 81 percent price cut and another with a 53 percent price cut. Area real estate experts say the bottom has been reached for single-family homes and high-end homes, and some hope recent price increases mean the bottom has already passed.