I learned late last week that Hyperion Onyx Partners, LLC, an affiliate of Hyperion Development Group purchased the note for Onyx on the Bay.  The note was held by the now defunct Corus Bank and was acquired just days before the Chicago-based bank was taken over by the FDIC.  Hyperion Development is the developer behind [...]

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It’s been a few months since my last Miami condo closing rate update. The percentage of closed units for 25 major condo developments are provided below, starting with the first development to begin closings. Four condo developments have been added: Icon Brickell, Everglades on the Bay, Infinity at Brickell and Epic.  You’ll find these towards [...]

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The spreadsheet below reveals 13 distressed condos currently listed in the MLS which reside in developments in Miami completed within the past two years. I expect this list to grow in coming months. I plan to provide future updates with new listings as well as track the outcome of condos previously listed. [...]

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It’s been almost three months since my last Miami condo closing rate update.  The last one was published on September 22, 2008.  Unfortunately, there has not been a lot of progress in closings for most of the condo developments below since that time.

Below, you will find the date that each condo development began closings followed [...]

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It’s been a little over two months since my last condo closing rate update.  The last one was published on July 8, 2008.

Below, you will find the date that each condo development began closings followed by the number of closed units in each condo development:

Ten Museum Park – June 14, 2007 – (165)
Latitude on the [...]

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