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One real estate expert says ... Following the 2021 Surfside condo collapse — which killed 98 people due to construction flaws ... like roof replacement and facade waterproofing — coming to ...
Michael Milillo thought his home in the Flagler House condominium in West Palm Beach would be his last.. Coastal breezes drift through the 74-year-old’s unit hugging the Lake Worth Lagoon, where ...
Under legislation passed by the Florida state Legislature following the Champlain Towers collapse, condo buildings over three stories and older than 30 years must pass a structural inspection by ...
Commercial real estate has beaten the stock market for 25 years — but only the super rich could buy in. ... And in the aftermath of the 2021 Surfside condo collapse — which killed 98 people ...
The Florida Legislature passed condo reform legislation in a May 2022 special session as Senate Bill 4-D, addressing issues highlighted in the aftermath of the Surfside collapse. [206] It was modeled on the 40 year recertification [207] scheme. [208] The bill creates a state-wide inspection program for condo buildings taller than three stories.
By Tom Hals. July 6 (Reuters) - The collapse of a condominium tower near Miami will set off years of litigation as victims and their families look to find fault among the building's management as ...
Real estate bubbles are invariably followed by severe price decreases (also known as a house price crash) that can result in many owners holding mortgages that exceed the value of their homes. [ 32 ] 11.1 million residential properties, or 23.1% of all U.S. homes, were in negative equity at December 31, 2010. [ 33 ]
The investigation into the Surfside condo collapse in Florida has revealed the likely cause of the catastrophe which left 98 people dead.. Investigators said on Thursday that they are focusing on ...