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 421aMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanMarty Burger’s new venture sputters on takeoffMarty Burger’s new venture sputters on takeoffRent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlords
South Florida

Rental bargains at Miami condos

Sign Up for the undefined Newsletter

The Related Group was poised to make millions at a time selling luxury condos. Now it’s bringing in a few thousand dollars at a time, renting out unsold luxury units at rates renters find very attractive. The downtown Miami/Brickell market is courting renters with inexpensive deals, just to fill buildings that would otherwise be empty. Many buyers have walked away from sales contracts, creating thousands of vacant units. [Miami Herald] and [Miami Herald]