A month before the closing date, commercial broker Jaime Sturgis just had to kiss goodbye a nearly $1 million multifamily deal. Sturgis, founder and CEO of Fort Lauderdale-based Native Realty, said he represented the seller of an eight-unit apartment building in Miramar who canceled the sale after the buyer requested “unreasonable concessions” tied to the economic fallout from the coronavirus pandemic. “The buyer was asking for security deposits from all the tenants to make sure
source https://therealdeal.com/2020/03/25/south-florida-commercial-real-estate-closings-face-delays-and-cancellations-due-to-coronavirus-economic-meltdown/
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