Florida strengthens Brazilian ties. Motivated by a residential market largely buoyed by an influx of Brazilian homebuyers, Florida Realtors led a trade delegation to Brazil last week to discuss real estate investment in Florida. "Brazilians love owning a home in Florida for a variety of reasons," said Patricia Fitzgerald, president of Florida Realtors and a member of the delegation. "Brazilians see the entire state, from Key West to the Panhandle, as not just the place to be but the place to buy." According to the organization's 2011 Profile of International Homebuyers in Florida report, Brazilian buyers had an 8 percent share of the foreign buyer market last year. Related CEO Jorge Perez told The Real Deal last week that Brazilians, along with Latin American buyers in general, had "saved" Miami's market. [World Property Channel]
The Miami Worldcenter project, which yesterday announced an investment from Los Angeles-based CIM Group, could be the site of Miami's second proposed casino, and Steve Wynn reportedly checked it out last month. "He's excited about Miami," a source said. Las Vegas Sands is also interested in the site. The land is owned by Boca Raton-based Art Falcone, and has a total of 20 acres. Developers said the land "could easily accommodate a gaming component" if Florida lawmakers approved it, according to a press release. Las Vegas Sands is the company of another casino mogul, Sheldon Adelson, who has said that he would only consider a casino if his were the only casino in the area.
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