Jorge Perez launches Related Brasil

Given the power of Latin American buyers, Related chief Jorge Perez has now turned his sights on their market, launching Related Brasil in partnership with Brazilian exec Daniel Citron, the Miami Herald reported. The company will make an investment of approximately $120 million in projects in Brazil, a  number than could rise to $1 billion in the next two years, Perez said. “We already have experience in emerging markets like India and China, and now is the time for Brazil,” he said. Related Brasil will develop a range of projects, from condominiums to hotels. [Miami Herald]