Investors clamored to Florida in the middle of the last decade, rushing to buy commercial real estate with rapidly rising values. They’re back again, this time to pick up the pieces of a broken market.
Paul Bubny’s story at GlobeSt.com about Spanish developer Espais Promocions Immobiliàries pursuing US expansion mentions an eye toward distress opportunities in South Florida. Barcelona-based Espais established a beachhead in New York City in 2006 by acquiring a successful Manhattan condo project.
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