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Foreign Real Estate Investments in 2011

Miami foreign real estate investments in 2011 are in the billions of dollars, according to a recent Florida Trend article. Some projects announced this year include: Brickell CitiCentre - a $700-million retail, office, hotel and condo tower, Developer from Hong Kong. Resorts World Miami - $3.8-billion project with four hotels, casino, condos, mega pool, convention center, Developer from Malaysia. Brickell House – 18-story, 96-unit condo tower in the city’s arts district, Developer from Argentina. International buyers are attracted to Miami’s location and appeal, condo rental market, and real estate that is more affordable than other metro cities in the U.S. and South America. Direct foreign investment in Miami commercial real estate reached $472 million this year from 2010’s $16 million.
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