Miami developer Harvey Hernandez faced a tough market competition with out-of-state high-rise builders for land deals in the city last year. However, the sellers’ attitude towards development sites has significantly changed, and they are now willing to negotiate 5 to 10 percent price discounts and better terms. Land prices in Miami’s urban core fell after the second quarter of last year due to a dwindling inventory of suitable sites for condominium and multifamily developments and rising interest rates, ...