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

8 more bodies found after Surfside condo building demolished

The remains of a partially collapsed luxury condo building in Surfside, Florida, were demolished in a controlled explosion on Sunday night amid concerns over Tropical Storm Elsa approaching the region and increasing the building’s instability. Tropical Storm Elsa was not expected to impact Surfside as severely as some other areas of Miami-Dade County, but 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

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