By Carlos Graffigna, Contributing Reporter

RIO DE JANEIRO - A World Cup and a Summer Olympics bid directly affects a host city's Real Estate market, a pillar of any economy. When Brazil received the honor of hosting the 2014 World Cup, the impact on cities involved was immediate. Local governments of those cities have had to reassess and plan for new infrastructure, submit new development plans and make sure their city is up to the task of hosting such event.

For Rio de Janeiro, the scale is immense. Not only will it serve as one of several cities for the . . .

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