Building contractors are already hiking prices as much as 20% to offset potential tariffs, a move that could also raise prices of new condos and homes, according to the CEO of developer Related Group.

JP Perez has big shoes to fill. Last month he took over as CEO of the Related Group, the global real estate firm founded by his father, “condo king” Jorge Perez, more than 40 years ago.

The Pérez family’s Related Group proposes an 842-unit Live Local Act project with a hotel at Jackson Memorial Hospital’s campus in Miami. Coconut Grove-based Related’s affordable ...