Miami building tragedy may change condo market forever, agents say

The partial collapse of a luxury condo building in Surfside, Florida, on June 24 has given some homeowners and homebuyers in Florida pause as they consider where they currently live and where they may want to live next. The seemingly unprompted disaster has left many wondering what other secrets buildings may be hiding beneath the … Read more

Miami owners file $5M suit against condo association over collapse

Property owners of units in Champlain Towers South, a luxury condo building near Miami that partially collapsed last week, filed a class-action lawsuit against the Champlain Towers South Condominium Association on Thursday night, Local10 reported. The suit was filed on behalf of property owner Manuel Drezner and “on behalf of all others similarly situated” by … Read more

All that glitters isn’t gold: When luxury real estate fails

Luxury residences offer a promise of refinement and pedigree to their residents. Elegant chandeliers, coveted balconies and other exclusive amenities are often just a few of the attractions that draw in buyers. But, it’s surprisingly not uncommon for luxury condos to later reveal glaring construction defects after the veneer has worn off. This alarming, yet … Read more

12-story condo building partially collapses near Miami

A 12-story luxury condo building in Surfside, Florida, about a block north of Miami Beach, partially collapsed around 1:30 a.m. on Thursday morning, Miami’s Local 10 News reported. At least one person was killed, according to Miami-Dade Fire Rescue officials. Firefighters, police officers and search dogs continue to conduct a search and rescue mission of … Read more

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