Are you a subscriber but don’t have an online account?

Register for full online access.


More stories about Condominium

  • Miami Rent Wars

    North Beach, Fla.—In October 2008, managers at Marina del Mar cut their average apartment rents by more than $100 a month.

  • Orlando Rentals Battered

    Orlando, Fla.—In August 2008, 40 people who had signed pre-sale contracts at the Paramount on Lake Eola, a new high-rise condo tower here, unsuccessfully sued to try to get their deposits back, according to local news reports.

  • NYCHDC Eyes Failed Condos

    While many market-rate developers are mulling opportunities to buy distressed condominium deals, some in the affordable housing world are also keeping their eyes open.

  • Condo Crash Kills Nonprofit

    Gloucester, Mass.— Local affordable housing developer Cape Ann Housing Opportunity, Inc. (CAHO), filed for Chapter 7 bankruptcy protection Jan. 7, claiming debt of up to $500,000 and assets of just $50,000.

  • NYC Seeks to Turn Unsold Condos into Affordable Units

    Unsold condominiums, unrented apartments, and stalled construction sites will be turned into affordable housing under a new program launched by the New York City Department of Housing Preservation and Development (HPD).

  • Buyers, Sellers Look To Deal On Distressed MF Assets

    A burgeoning roster of opportunity funds and related investment vehicles are poised to pounce on distressed assets, including debt secured by struggling apartment properties and failing condo development and conversion ventures.

  • High Rents and Low Vacancy in NYC

    New York City—This February, workers started building a 369-unit apartment tower overlooking the Hudson railyards here.

  • Condo Crisis Deepens

    Miami Beach, Fla. — In February, buyers at one of the biggest condominium conversion projects in Florida started to get their deposits back.

  • Miami Story

    APARTMENT FINANCE TODAY talked to Peter Dewes, vice president in the Miami office of Northmarq Capital, Inc., a real estate investment bank based in Minneapolis. He discussed how tightening lending standards combined with the shadow market caused by the condo glut is affecting the multifamily...

  • Huddled Masses No More

    In the historic neighborhoods of Brooklyn, N.Y., a short train ride from Wall Street, international homebuyers are helping to keep the condominium market afloat.