From News-journal Online (FL):
New buildings sit unoccupied in Volusia (Fl.)
A new oceanfront condo stands empty, construction crews were shut out of a nearly complete interstate hotel and the owner of a new retail center is offering free rent to attract tenants….
First it was the residential market, now its the commercial market…
From the Miami Herald (FL):
South Florida banks facing a new wave in real-estate crisis
Just as the housing market is showing signs of life, here comes another real-estate crisis..
» Read more: South Florida banks facing a new wave in real-estate crisis
From Wall Street Journal:
Debt Clouds Future of Miami’s Fabled Fontainebleau
MIAMI — South Florida’s Soffer family, already roiled by the June bankruptcy of its $3 billion Fontainebleau casino-hotel project in Las Vegas, is grappling with troubles at another cornerstone of its $7 billion real-estate empire: The original Fontainebleau hotel in Miami Beach.
Miami’s Fontainebleau hotel recently underwent a $500 million renovation.
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