Real estate in Florida is getting hit hard, right? Similar to past housing busts: FL,NV,AZ get hit hardest and soonest
Discussion
Residential is holding its own. Lots of inventory available but prices aren't dropping like you would think. This is a commercial assets and it sold for 250M in 2012 and they can sell for $70M today. Needs about 120-160M in renovations to get it back up to market standards.
