Fifteen working-class apartment buildings in South Beach just sold for $59 million. The new landlord plans to renovate the units and raise the rent by as much as 50 percent -- that means many tenants will be forced out. McClatchy adiaz@miamiherald.com
Fifteen working-class apartment buildings in South Beach just sold for $59 million. The new landlord plans to renovate the units and raise the rent by as much as 50 percent -- that means many tenants will be forced out. McClatchy adiaz@miamiherald.com

SoBe, so long: After $59 million apartment sale, locals dread rent hikes

February 08, 2016 01:30 AM