condominiums News

Fla. State Rep. Introduces Bill to Limit Condo Coverage to Actual Cash Value

A bill introduced by a Democrat and trial attorney would take a step toward something that property insurers have longed for in recent years – actual cash value coverage on roofs, at least condominium roofs. State Rep. Hillary Cassel, D-Dania …

Week After Iowa Building Collapse, Minnesota Condo Evacuated Over Stability Concerns

ROCHESTER, Minn. (AP) – Less than a week after an apartment building partially collapsed in Iowa, more than 140 people were evacuated from a condominium in Minnesota after a structural engineer expressed concerns about its stability. Officials in Rochester, Minnesota, …

As South Florida Condos Age, More Owners Are Willing to Sell

FORT LAUDERDALE, Fla. (AP)–For some South Florida condo dwellers, that tap on the shoulder could lead to the deal of a lifetime. The tri-county’s white hot real estate market is prompting developers to take stock of the region’s older beach …

Billionaire Row Condo Board Sues Developers Over 1,500 Building Defects

The condo board at one of New York’s tallest and toniest towers sued the building’s developers, claiming design flaws are to blame for flooding, stuck elevators and “horrible and obtrusive noise and vibration.” The residential tower at 432 Park Avenue …

Prosecutors Seek Sale of 2 New York Condos Linked to Malaysian fugitive

U.S. prosecutors are seeking to sell two luxury condominiums in New York City linked to fugitive financier Low Taek Jho, court documents showed, the latest effort to recover money allegedly stolen from Malaysia’s state fund 1MDB. Low, known as Jho …