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  • Video: South Beach apartments sell for record-breaking $59 million

    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.

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. 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. adiaz@miamiherald.com

South Florida housing market barrels toward unaffordability

March 24, 2016 5:20 PM