As developers see investment opportunities in distressed properties, some real estate professionals say it’s likely South Florida will see more terminations as condos compete for engineers to fix construction problems and prices continue to rise.
Regan Marock is managing two properties that are undergoing condo terminations at AKAM, where he’s senior vice president for the Southeast. He said he expects South Florida to see more condo terminations, “based on the fact that reserves are going to be mandatory in 2025.”
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