The federal government has opened real estate to foreigners for projects exceeding 25 acres.

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Several real estate firms in San Francisco opened trendy office space in South Park and other areas in the South of Market area of the city to startups looking for a home.

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After a business career that took him through the real estate and clothing industries, Vallely opened a motivational speaking business, which centers around Wooden's philosophy of focusing on preparedness, not results.

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Unfortunately, the complex opened during the city's real estate slump of the mid seventies.

CNN: History of CNN Center

He opened a fancy Toronto restaurant named after daughter Belinda, invested in real estate and made a failed run for Canada's parliament in 1988.

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To be sure, the floodgates have by no means opened, and banks are being far more careful when lending to real-estate developers than in the past.

WSJ: Lending Resumes for Developers in Places Like Boise

No-one sensible is now predicting the continuation of the exponential price increases that have been seen in Dubai since it opened its property market to foreigners and there is plenty of anecdotal evidence to suggest a real estate is simply not moving.

BBC: Financial crisis: Global round-up

Bankrolled by a Turkish communications and real estate entrepreneur, the 42-room (and counting) hotel was 13 years in the making before it opened in 2010.

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