When real estate developers began to travel to Argentina, Brazil, Venezuela and Mexico to market their luxurious condos to foreign buyers not too long ago, they were not only exporting Miami condos. Inadvertently, they were also helping export Miami commercial real estate. Unlike in any past real estate cycle, foreign investors are increasingly becoming an important player in the acquisition of income-producing properties ranging from $1 million to $20 million in Miami. Many of these investors were introduced to the city by condo developers and became interested in commercial properties after buying one or more residential units in South Florida. Their profiles vary. Some of them are wealth...
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