Miami Heat for Condo Man
Jorge Perez is the undisputed Miami condo king. What’s arguable is the viability of his realm, the beleaguered Related Group. Florida real estate, by turns, builds up rich empires and then thrashes them down, whether it’s a hurricane, a local economic bust, or a global financial meltdown.
Say this for Perez–he’s unbowed and undaunted as he fights the battle of his life to ward off financial oblivion. He spends time with Miami Herald writer Matthew Haggman to tell the tale of the rise-and hoped-for interrupted fall.
Here’s a short video clip that shows Perez’s determination in the face of $2 billion in debt he needs to renegotiate with lenders.
Video: Courtesy of the Miami Herald
March 10, 2009 | Filed Under Financial Crisis, MultiFamily
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