When the rent was jacked up at Beatrice Arredondo’s Havana Dreams restaurant in Doral, Fla., a year and a half ago, she decided to look for cheaper digs in another area of town. She moved about 15 minutes east to downtown Miami, where she sought to take advantage of a lower rent, a thriving daytime business population and, key to nighttime business, a growing condo population.Arredondo admits that her timing was far from perfect. As she was moving in, the area’s condominium market was ...

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