The Successor Developer Conundrum In Distressed Condominium Projects

The Florida condo market is recalibrating, as changes to the Condo Act tank the market for 30-plus year old condos, creating uncertainty for the thousands of families who own them. But developers looking to buy them are facing their own uncertainty.

As we approach the end of 2024, several legal and economic developments are coming to a head for condominiums. From a key statutory deadline and long-awaited court rulings to an imploding market for older condominium units, here is what to watch for in the coming months as Florida’s condominiu...

Across the state, condo owners and their associations are going to soon be waking up to the reality that their financial situation is more tenuous than previously believed. The condo market in Florida is set to shift dramatically and condo owners need to act quickly to ensure the tides don’t t...