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News

11/20/2024 No delay on looming deadline for condo repair fees, Florida GOP leaders decide - Miami Herald

Florida condo owners won’t get any relief from potentially crushing association fees for future building repairs before the end of the year, Republican legislative leaders said this week.
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10/31/2024 After the Hurricane, Construction Resumes on West Florida Condo Project - Multi-Housing News

Construction sites are alive and well along Florida’s west coast, just days after Hurricane Milton hit last week.
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10/23/2024 Florida homeowners fear soaring insurance cost after hurricanes - Reuters

Florida has been hit with four major hurricanes in the past four years, which has sent insurance premiums rocketing and caused some insurers to pull back on coverage. For residents cleaning up after storms or living nearby water, they have another worry: Will they still have insurance?
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10/11/2024 Hurricane Helene hits Florida homeowners already facing soaring insurance costs - Florida Trend

As Hurricane Helene barreled through Florida, the storm's winds and flooding left a trail of damaged homes in its wake, causing up to an estimated $6 billion in private insurance losses, according to global reinsurance broker Gallagher Re.
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10/2/2024 Destin plans to enact fees on short-term condo rentals to cover rising public safety costs - ABC

The City of Destin is moving ahead with plans to enact fees on short-term condo rentals. The change is needed to help pay the tab on public safety.
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9/24/2024 Expensive condo inspections required by Florida have owners asking, ‘What do we do now?’ - WCTV

Nearly three years ago, a 12-story condo in Surfside Florida collapsed in the middle of the night, claiming 98 lives. It is remembered as one of the most deadly structure collapses in the country’s history. After the tragedy, Florida lawmakers passed legislation requiring condos to pass certain inspections and safety tests.
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9/16/2024 Gov. DeSantis urges quick action to tackle condo issues before 2025 session - CBS News

Gov. Ron DeSantis said Monday that lawmakers should act before the 2025 regular legislative session to address problems facing condominium associations and owners, including soaring costs.
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9/11/2024 Condo HOA fees are skyrocketing in Florida, here’s why - News Nation

A new building safety law and skyrocketing insurance costs have sent condo HOA fees soaring in Florida.
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9/9/2024 World War II vet, 95, fears foreclosure after losing suit to Florida condo association - Tampa Bay Times

It’s a story that could be replicated more and more in coming years as condo unit owners and their buildings grow older together in Florida.
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8/27/2024 No plans for special session in Tallahassee to address Florida's 'condo crisis' - Fox News

State leaders in Tallahassee are rejecting calls for a special session to address what critics call a crisis facing condo owners in Florida. In a letter, State Senate President Kathleen Passidomo said lawmakers can wait until after the November election to take up the issue.
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8/21/2024 Florida's real estate market has a split personality: What to know if you're buying or selling in the Sunshine State - Florida Trend

Florida’s housing market is a tale of two states. On the coast, condo prices are falling with residents being driven out by high insurance costs and assessment fees, while inland, the cost of single-family homes is holding steady. Local experts say this divergence is driven by soaring insurance premiums and rising assessment fees under new state regulations, which have significantly affected condo owners.
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8/19/2024 Kathleen Passidomo shoots down proposed Special Session on condo safety - Florida Politics

Senate President Kathleen Passidomo has heard the calls for a Special Session on condo safety and the arguments that urgent action is needed to curb the rising costs of complying with recent legislation to address the issue.
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8/16/2024 Waldorf Astoria branded condos could become St. Pete's tallest building - Tampa Bay Business Journal

The development is planned for the same block as the Saltaire, another luxury condo complex in downtown St. Pete.
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8/15/2024 Florida Condo Prices 'Collapsing' Due to HOA Fees Surge—Real Estate Expert - Newsweek

Condo prices in Florida are "collapsing," real estate expert Nick Gerli said, as homeowner association (HOA) fees are surging, driven by skyrocketing home insurance premiums and new safety laws requiring special assessments and swift repairs for aging buildings.
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8/13/2024 A reckoning is coming for Florida's condo owners as buildings face millions in repairs - NBC News

New laws in the wake of the 2021 collapse of the Champlain Towers have priced out some retirees, who are scrambling to afford hefty repair bills.
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7/29/2024 A court decision worries developers eyeing Florida's aging condos - NEPM

Three years after a residential building collapsed in Florida, killing 98 people, new regulations have led to a steep increase in the cost of condo living. With the rising costs, residents in many aging buildings are selling out to developers who are racing to replace them with new luxurious high-rises.
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3/18/2024 400 Central reaches the halfway mark in downtown St. Pete—St. Pete Rising

Hundreds of contractors from Suffolk Construction are pouring concrete floor by floor for 400 Central, a 46-story luxury condominium tower under construction in downtown St. Pete.
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2/9/2024 Axonic Lands Loan for Tampa Condo Apartments—ConnectCRE

Berkadia secured financing for Axonic Properties’ acquisition of 246 out of 361 condo units at Palmera Pointe Apartments, located in the Town ‘n’ Country submarket of Tampa, Florida.
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2/9/2024 Florida lawmakers look at expanding My Safe Florida Home program to condos—WPTV News

Florida lawmakers are considering expanding a program that aids homeowners with state grants to make wind mitigation repairs.
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2/9/2024 Waterfront site in Clearwater Beach acquired for condo development—Tampa Bay Business & Wealth

A waterfront site, on Clearwater Beach, has been acquired by BH3 Management and U.S. Development with plans for a condominium project.
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