Buying burst eats into downtown Miami condo supply, prices edge up

By Marilyn Bowden    Bulk sales are tapering off, but brokers say a burst of buying activity since the beginning of the year is eating into the downtown condo inventory and, in some cases, even leading to appreciation.    According to a residential closings and occupancy study prepared for the Downtown Development Authority by Goodkin Consulting and … Continue reading

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Everglades on the Bay to be Renamed

  In November, Rockwood Capital, LLC (“Rockwood”), the private real estate investment firm, along with partners Duncan Hillsley Capital and Fortune Capital Management Services, announced the acquisition of Everglades on the Bay.  The original developer, Cabi Downtown, is now transitioning out of control of the project following the recapitalization of their Chapter 11 reorganization. The new … Continue reading

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