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Miami Reach
Developers are betting they can create the biggest thing since South Beach. But as Florida’s real estate market dives, will it take their ambitions with it?
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Heartbreak Hotels
In the last big deal of the gilded buyout era, Blackstone paid $26 billion for the Hilton empire, making C.E.O. Stephen Schwarzman the world's largest hotelier. He checked in, but as the hotel industry slumps, he can't check out.
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