Miami has attracted a lot of pre-construction condo flippers — i.e. institutional investors — because the city’s real estate, particularly near the waterfront, has seen an explosive construction boom after the housing bust. Today, this boom has created a supply problem and condo flippers have contributed to an excess of unfinished buildings.
Take Brickell for example. Among the newest condo projects is Bond Brickell, a tower with 328 units that was completed last August. StatFunding analyzed the Brickell condo area ...
MAY
2017