South Florida by the numbers: Condo buyout bonanza

“South Florida by the numbers” is a web feature that catalogues the most notable, quirky and surprising real estate statistics.  Exactly one year ago, this column highlighted the trend of developer condo buyouts propelled in part by condo safety legislation. The uptick in developers bulk purchasing condos from burdened owners in outdated buildings produced more of a ripple than a wave at the time. But twelve months later, the swell is rising into something substantial. Some of the region’s most prominent developers are acquiring older condominium buildings across South Florida at an accelerating pace — and cost — clearing the […]This article originally appeared on The Real Deal. Click here to read the full story.