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

Florida building collapse investigation to start structural testing

Residential Condominium in Surfside, FL – Courtesy: Shutterstock – Image by Blueee77 The federal investigation into the devastating collapse of a beachfront condominium building in Surfside, Florida is entering a new phase that involves drilling and cutting into steel and concrete to determine what role the materials played in the disaster, officials announced on Wednesday.

Concerns have been raised regarding Florida’s new condo inspection law

Aerial View of Sunny Isles Beach Condo Area – Courtesy: Shutterstock – Image by Mia2you Several weeks after Florida lawmakers enacted a bill requiring existing condominiums to undergo safety assessments to maintain their structural integrity, Central Florida condominium association members had many questions regarding how the new regulations would affect owners. “It all depends on

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

After the Surfside building collapse, engineers say inspections are required for all buildings

Area of Surfside Building Collapse, Surfside, FL – Courtesy: Shutterstock — Kristi Blokhin According to recommendations by the state’s engineering associations made in the wake of the tragic Surfside building collapse, Florida should require nearly all large buildings to be inspected for any damages or structural problems within their first 30 years, with follow-ups every

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