Check out market updates

South Florida commercial real estate closings face delays and cancellations due to coronavirus economic meltdown

A month before the closing date, commercial broker Jaime Sturgis just had to kiss goodbye a nearly $ 1 million multifamily deal. Sturgis, founder and CEO of Fort Lauderdale-based Native Realty, said he represented the seller of an eight-unit apartment building in Miramar who canceled the sale after the buyer requested “unreasonable concessions” tied to the economic fallout from the coronavirus pandemic. “The buyer was asking for security deposits from all the tenants to make sure

The Real Deal New York

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>