Page 2 - Native Realty News Today

FORT LAUDERDALE, Fla. (AP)--For some South Florida condo dwellers, that tap on the shoulder could lead to the deal of a lifetime. The tri-county's white

FORT LAUDERDALE, Fla. — For some South Florida condo dwellers, that tap on the shoulder could lead to the deal of a lifetime. The Tri-County white ho

As South Florida's condos age, developers are eagerly looking for sales-minded unit owners who will sell at premium prices and turn over their buildings for redevelopment. The trend, agents and lawyers say, is on the rise as buildings become more expensive to fix and owners, made skittish by the Champlain Tower collapse, become more willing to sell.

As South Florida's condos age, developers are eagerly looking for sales-minded unit owners who will sell at premium prices and turn over their buildings for redevelopment. The trend, agents and lawyers say, is on the rise as buildings become more expensive to fix and owners, made skittish by the Champlain Tower collapse, become more willing to sell.

Home shoppers are finding it harder and harder to land a house when competing against buyers with huge amounts of cash. That is driving many people to rent, which only drives rents even higher.

As homebuyers jostle for a dwindling supply of houses in South Florida, local bidders are finding themselves in a growing competition with out-of-state people who are offering cash on the spot.

As homebuyers jostle for a dwindling supply of houses in South Florida, local bidders are finding themselves in a growing competition with out-of-state people who are offering cash on the spot.

Industry insiders say likely logistics companies and e-commerce operators would be likely acquisition targets. Retail REIT Simon Property Group, the country’s largest operator of regional malls, is riding the SPAC wave. We don’t know yet where that wave will take the company, but industry insiders offer a number of guesses. On Jan. 29, Indianapolis-based Simon filed paperwork with the U.S. Securities and Exchange Commission (SEC) to form a special purpose acquisition company, or SPAC. T...