Collecting on Busted Condo Deals

On top of the prospects of more units selling in Florida, albeit at discounted prices, multifamily condominium brokers here got another bit of good news this week: An appellate court in Miami says they can collect commissions from condo deals that failed to close.

According to our sister publication Daily Business Review, the 3rd District Court of Appeal gave Lonestar Alternative Solutions the green light to go after Leviev-Boymelgreen Soleil Developers to collect commissions owed to Lonestar since 2005. The amount of the commissions is not known.