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A New Panama Invasion

Published Thursday, March 01, 2007

Panamanian real estate developer Jose Bern believes that his country has been a well-kept economic secret for years. But in dramatic fashion, global real estate investors such as New York developer Donald Trump are uncovering the secret. Due largely to the upcoming $5.25 billion expansion of the Panama Canal and the Latin American nation's pending free-trade agreement with the United States, the Panamanian real estate market is poised for even more growth. The country is experiencing a burst of condominium construction, including the 65-story, $220 million Trump Club International Hotel & Tower, a 2.4 million sq. ft. project ...

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