Fortune | Miami real estate and preconstruction news
March, 12 2014

Miami, FL: Miami has positioned itself as a first-tier city for institutional investors, in the same category as New York or San Francisco
Excerpt from Download full story at: What’s happened to attract institutional investors to Miami? Charre: There are a couple of watershed moments, like Genting’s Resorts World Miami mixed-use project. That put Miami on the world map and is driving other investors here. Miami also has the second-largest concentration of banks after New York, and our resilience following the housing market crash was also important. Latin American capital made that possible, and people paid attention to that. In short, until about three or four years ago, Miami was considered a second-tier city by institutional investors. Today, it’s considered a first-tier city, in the same category as New York or San Francisco.
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