Home | October 2, 2023
Posted on Thursday, 03.12.2009
Miami real estate, South Florida real estate

South Florida has been in the Miami real estate bubble for about 3 years now and things do not look like they are getting rosier. The largest South Florida real estate developers operating in Miami and South Florida have paid and continue paying a huge price for their excesses. “Condo king” Jorge Perez, a shrewd investor and developer, is no exception. Jorge Perez has developed numerous luxurious Miami Beach condo buildings throughout Florida and is attempting to deliver the latest famous Icon Project on Brickell Avenue. The problem is that Miami real estate buyers are not coming to the closing of their Miami condos.

Some are letting their deposit go or simply get financed. Jorge Perez and his groups owe 1.7 billion dollars on his projects and will certainly face some tough times ahead. His flagship South Florida real estate developments include:

  1. Apogee
  2. Murano
  3. Murano Grande
  4. Icon
  5. Ocean 1
  6. Ocean 2
  7. Ocean 3
  8. Trump Towers in Sunny Isles

Miami real estate developers face some challenging hurdles ahead and are letting Miami Beach condos go at significantly discounted prices and great deals for buyers. Search a list of very affordable Miami Beach vacation rentals or Miami Beach vacation homes.

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