South Florida Dirt: How Fannie and Freddie’s new rules will create winners and losers in condos
Fannie Mae and Freddie Mac are now requiring lenders to pay even closer attention to a condo building’s finances. This shouldn’t really be a shock for anyone who’s been paying attention to the condo market, especially in Florida. Effective last Monday, Fannie Mae retired its limited review process,
Land bank for America’s largest homebuilder buys Florida City acreage
A land bank for D.R. Horton, the nation’s largest homebuilder, bought 232 homesites in Florida City for $28.5 million. Miami-based Trans Florida Development, through an affiliate, bought the 40-acre vacant parcel on the southwest corner of Redland Road and Southwest 336th Street from an entity tied
Jeffrey Soffer put “unrelenting pressure” on city to push through condo towers in Turnberry Isle, lawsuit says
Developer Jeffrey Soffer put “unrelenting pressure” on the city of Aventura for the approval of a pair of condo towers in an exclusive waterfront enclave, a new lawsuit says. The condominium associations for the North and South towers on Turnberry Isle sued the city and YCM Acquisition, an entity m
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