‘Unexpected’ Rates of Sinking Florida Condos

Residential Condos in Surfside, FL – Courtesy: Shutterstock – Image by Blueee77 According to new research from the University of Miami, about 70 percent of buildings in the northern and central isles of Florida are sinking to the ground at “unexpected” rates. 35 structures in locations like Miami Beach, Bay Harbor, Surfside, and Sunny Isles

Bombshell in Florida real estate could destroy several wallets

Florida Real Estate – Area of Surfside Building Collapse, Surfside, FL – Courtesy: Shutterstock — Kristi Blokhin In response to the fatal collapse of the 12-story Champlain Towers South in Surfside, Florida, Governor Ron DeSantis signed legislation requiring emergency reserve funds for condominiums statewide in May of last year. Some real estate market experts have

Victims of the Surfside condo collapse may receive almost $1bn in settlement

Surfside Building Collapse Site – Courtesy: Shutterstock – Image by Felix Mizioznikov A tentative, nearly $1bn settlement has finally been reached in a class-action lawsuit brought together by the devastated families of survivors and victims of last June’s condominium collapse in Surfside, Florida, an attorney announced on Wednesday. Harley S. Tropin disclosed the $997m settlement

Land swap for Surfside building collapse site rejected

Surfside Building Collapse Site – Courtesy: Twitter – Image by Jason Pizzo SURFSIDE, Fla. — Surfside, Florida commissioners have rejected a proposal to trade public beachfront property to the future buyer of the condominium collapse site so that a memorial in remembrance of the 98 victims could be built there. The decision was made after

Surfside condo collapse victims and families will receive $150M in compensation initially, judge says

Scene Near Champlain Towers – Courtesy: Shutterstock – Image by Felix Mizioznikov A Florida judge has announced that victims and families who suffered losses from the devastating condo collapse in Surfside, Florida will receive a minimum of $150 million to start. Miami-Dade Circuit Judge Michael Hazman stated that the sum is a total of about

Search resumes after remaining section of South Florida condo is demolished

Surfside Building Collapse – Courtesy: Shutterstock – Image by Felix Mizioznikov SURFSIDE, Fla. – Crews used explosives late Sunday night to demolish what was left of Champlain Towers South in Surfside, Fla.  Rescue crews and emergency workers were given the all-clear to resume search efforts at the collapsed South Florida condo building after demolition crews

President Biden set to visit Surfside building collapse scene later this week

Joe Biden – Courtesy: Shutterstock – Image by Crush Rush Earlier today, the White House announced President Joe Biden and first lady Jill Biden will be visiting the rubble site of the fallen Champlain Towers South Condominium in Surfside, Fla., on Thursday. Almost a week has passed since the unfortunate tragedy in Surfside, where search-and-rescue