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March 12, 2014

Miami Luxury Condos Revived With Buyer Cash Deposits

Bloomberg – By Oshrat Carmiel Gil Dezer, a Miami-area developer, five years ago had 850 unsold condominiums on his hands and almost $500 million in loans coming due as credit markets froze and buyers disappeared. Today, he’s back in the market with what he sees as a safer bet: a 132-unit luxury project for auto…