Law360, New York (December 08, 2014, 4:55 PM ET) -- Thanks to an influx of foreign capital, Miami's white-hot real estate market has led the way in Florida, but development in other metropolitan areas in the state has finally begun to pick up after the recession, and attorneys expect steady growth in the coming year. Outside investment has fueled the real estate rebound in Miami, which happened early while other cities in Florida and around the country were still reeling from the recession.
The multifamily market is heating up, as is the hotel market in Fort Lauderdale, according to Dan McCawley of Greenberg Traurig LLP. McCawley added that the city now has a vibrant international investment scene and that he represents European investors who see Fort Lauderdale as a great opportunity, particularly now that there are direct flights from its recently expanded airport to more international locations in Europe and Latin America.
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